Ideas for legitimate expenses..

[Joeman]

Hi guys, im new to the forum but not new to contracting.

My end of year is due in April so im looking to burn some of the extra cash in my Ltd company to prevent the tax man getting too much of it.
Just wondering what some of you guys were putting through as legit expense claims.

basically, i rather spend my cash than let the taxman take it, so no matter how stupid the expense, lets here about it!!

[scooterscot]

Goldfish for the company pond, not cheap....

[oracleslave]

Goldfish for the company pond, not cheap....

Koi

[dude69]

Hi guys, im new to the forum but not new to contracting.

My end of year is due in April so im looking to burn some of the extra cash in my Ltd company to prevent the tax man getting too much of it.
Just wondering what some of you guys were putting through as legit expense claims.

basically, i rather spend my cash than let the taxman take it, so no matter how stupid the expense, lets here about it!!

Put the money into your pension.

Buy some computer equipment.

Buy a <120g car CO2, such as the Fiat 100 or Mini Cooper D, and get 100% capital allowance write-down.


Rent some rent boys.

[oracleslave]

Put the money into your pension.

Buy some computer equipment.

Buy a <120g car CO2, such as the Fiat 100 or Mini Cooper D, and get 100% capital allowance write-down.


Rent some rent boys.

You are Bagpuss and I claim my 5 free transvestite pegging sessions.

[moorfield]

Employ your son on a £50k salary to do "research" for your company.

[kookachoo]

Employ your son on a £50k salary to do "research" for your company.

[kookachoo]

I managed to 'lose' £100 today on a new 500GB hard disk and a 2MB RAM upgrade

Couple of weeks ago I bought a Samsung SyncMaster 22" screen for £200.

Umm, a nice full leather chair for £150

Printer pedestal for £50.

Do you have a laser printer? That should shift a few quid!

[dude69]

I managed to 'lose' £100 today on a new 500GB hard disk and a 2MB RAM upgrade

Couple of weeks ago I bought a Samsung SyncMaster 22" screen for £200.

Umm, a nice full leather chair for £150

Printer pedestal for £50.

Do you have a laser printer? That should shift a few quid!

Don't forget that the first-year capital allowance is 50%.

So if you spent £500 on stuff, that's only £250 off your profits, and £50 off your tax bill

[daviejones]

Goldfish for the company pond, not cheap....

That is a carp suggestion ...