FYI
UITF Abstract 29 - Website Development Costs
http://www.financial-reporting.gov.u...D%20ASSETS.pdf
UITF Abstract 29 - Website Development Costs
http://www.financial-reporting.gov.u...D%20ASSETS.pdf
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And you want free advice? No chance!Originally posted by oxtailsoupIt is a swish (or should I say Flash) site. You want a link.... no chance!
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Originally posted by contractor2006
"The consensus in the UITF is that website planning costs should be expensed as incurred, but that other website development costs should be capitalised where they meet the criteria for recognition as an asset."
What is the criteria I wonder?Comment
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What are the criteria?
What is the criterion?
Take your pick, but never mix.Comment
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Fleetwood is correct as I understand it. A website designed to bring in business is capital (as is most software if not an upgrade) and you can recover the money through capital allowances.bloggoth
If everything isn't black and white, I say, 'Why the hell not?'
John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)Comment
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I'm very happy to know I've saved £2000 on my website (actually it's cost me 40 quid for some good books and my usual domain & hosting costs).
Not only is it not tax deductible, have you done any ROI calcs? Will you get your money back through people seeing your site and saying "that's the chappy - hire him immediately!!".
I had to have one but I'll wait till my company grows ala privateeye before spending that kind of dosh."I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
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Not very likely given that he won't let anyone see it.Originally posted by cojakComment
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