Hi guys,
Quite new to contracting so could do with some help.
I will need a laptop for as throughout my contract I will be learning new technologies and getting involved in various projects. The laptop will be used for work (when travelling as I have been provided with a desktop PC when at the local site), word processing (finances etc.) and also for future contracts (I am an IT consultant and will be asked to provide my own equipment). Obviously there will be some partial personal use.
My accountant has told me that I can put this through fully as a business expense and pay for it out of my companies tax, then when the tax due date comes along, provide a receipt and it will be deducted from tax owed. Is this correct? I thought that this sounded a tad "dodgy" so I have come here to ask your advice!
Thanks for your help.
arioon123
Quite new to contracting so could do with some help.
I will need a laptop for as throughout my contract I will be learning new technologies and getting involved in various projects. The laptop will be used for work (when travelling as I have been provided with a desktop PC when at the local site), word processing (finances etc.) and also for future contracts (I am an IT consultant and will be asked to provide my own equipment). Obviously there will be some partial personal use.
My accountant has told me that I can put this through fully as a business expense and pay for it out of my companies tax, then when the tax due date comes along, provide a receipt and it will be deducted from tax owed. Is this correct? I thought that this sounded a tad "dodgy" so I have come here to ask your advice!
Thanks for your help.
arioon123
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