LTD Company Expenses ?

[TheFaQQer]

I've had the house redecorated, new carpets and curtains, everything.

That's gone through the books as "refurbishment of registered office".

The accountant hasn't seen that yet though, so I don't know what he is going to say about it.

Mine always finds a way of putting something like that through - may be reclassified into different areas, but it always goes through.

Like the new central heating system that I had a couple of years ago....

[SueEllen]

I seem to recall that you have got to be careful if claimimng above the £3 per week allowed by HMRC and then go down the total bills divided by number of rooms route as that my imply that part of the property belongs to the Company. This can then mean any future profit on the sale, the element that has been used in the calculation of the bills will be treated as income for the Company and therefore liable to tax. Using the £3pw calculation does not invoke this any profit is OK provided property is the main residence.

You are presuming that every single contract means you spend a significant amount of time working from home.

If I don't spend a significant amount of time at home working I don't claim it as due to having an efficient gas boiler claiming a week's worth of bills is simply not worth it.

[Robot]

Mine always finds a way of putting something like that through - may be reclassified into different areas, but it always goes through.

Like the new central heating system that I had a couple of years ago....

Is your accountant a member of a professional body?

Hiding expenses is a BIG NO NO, yes ok you sign the accounts so it is your responsibility but if your accountant is doing this for you, what is he doing for other clients and that’s what HMR&C may just ask him.