Accounting for IPOD/NAS drive/ LCD TV query

[TheFaQQer]

I know plenty of people that have claimed an iPod or similar through the business.

If it can record sound as well, then you can always argue that you use it to record meetings rather than taking notes, so you always have an accurate record of what was said.

[css_jay99]

Why didn't you just buy a norml big monitor and a tuner card for the PC. Then you could run both through the books as hardware.

I bought the LCD mainly for TV viewing, but then decided to bag up old LCD monitor to save space. I only just thought about putting it via the books now that I have been almost 3 weeks on the bench


css_jay99

[FiveTimes]

Why didn't you just buy a norml big monitor and a tuner card for the PC. Then you could run both through the books as hardware.

Maybe becasue a big monitor doesn't look as nice as a wall mounted 23" LCD

[Ruprect]

So say you buy an item, such as an ipod (for business use), and have it for 3 years. You are then audited in year 4 (or any time after). What consideration do hmrc give to these items if they're now "valueless" to the company?

[r0bly0ns]

I beleive that they would look at what you paid for it, not it's current value and ask you to justify at as a business expense that has never been used for personal stuff.

[css_jay99]

Hi again,

I have just laid wired networking cables and sockets... in my house ( i guess duality of use), Questions are:-

1) whats the accounting treatment of the cables...& Sockets? Fixed asset or consumables hence expenses?
2) whats treatment for buying things like usb cases, usb drives...., pc bits and bob ?


cheers


css_jay99

[DaveB]

On the subject of the Ipod I got home last night to find a sample of a tax advice newsletter ( i forget the name, it was addressed to my ltd co. ) that said that since HMRC are now making pod casts of discussions about tax issues available online, and that they list downloading it to an MP3 player to listen to later as a way of using it you could now claim an MP3 player as a legitimate expense as a training tool. Provided you used it as such and kept track of the educational pod casts you downloaded and listened to.

[Keldin]

Samsung make a 22" monitor that has a built in tv tuner. It's proper monitor spec (high resolution etc.) as opposed to a TV and the model number is in line with there monitors. It's identical to another one of theirs except costs about £15 more.

K

[TheFaQQer]

On the subject of the Ipod I got home last night to find a sample of a tax advice newsletter ( i forget the name, it was addressed to my ltd co. ) that said that since HMRC are now making pod casts of discussions about tax issues available online, and that they list downloading it to an MP3 player to listen to later as a way of using it you could now claim an MP3 player as a legitimate expense as a training tool. Provided you used it as such and kept track of the educational pod casts you downloaded and listened to.

I got that one recently - starting to download some right now!

[css_jay99]

On the subject of the Ipod I got home last night to find a sample of a tax advice newsletter ( i forget the name, it was addressed to my ltd co. ) that said that since HMRC are now making pod casts of discussions about tax issues available online, and that they list downloading it to an MP3 player to listen to later as a way of using it you could now claim an MP3 player as a legitimate expense as a training tool. Provided you used it as such and kept track of the educational pod casts you downloaded and listened to.

i have already descided not to put the TV monitor down as a business item so as not to get any aggro

Regards the ipod would that be down as a business expense or a Fixed asset. further, what kinda evidence do they require for keeping track of pod casts, will they frown when they see that 70% of my ipod if filled with mp3's ?

however question still remains on LAN cable and socket installation (£70) and pc bits and bob like external HDD if they are deemed fixed assets or down as office expenses

trying inventive accounting since out of contract for over a month now . Not the best time of the year to be on the bench !
cheers

css_jay99