-
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Recent content by roy75
-
R
Assets Vs. Expenses
Makes sense the question is where does the boundary lies? Are there not set rules for these kind of things? And on the flip side a 600£ phone is still worth something after two years, should that money not go back to the company assuming it hasn't been scrapped?- roy75
- Post #7
- Forum: Accounting / Legal
-
R
Assets Vs. Expenses
Thank you. Reason for asking is because I remember one accountant mentioning a threshold, so below a certain amount the purchase can be audited as a one off expense.- roy75
- Post #3
- Forum: Accounting / Legal
-
R
Assets Vs. Expenses
Hello Can someone please advise what is the maximum allowed spending that would still be considered as an expense rather then company asset. For example, suppose I bought a laptop through the company worth 100£, is it an asset or an expense? Now suppose this laptop cost 1000£, is it still the...- roy75
- Thread
- Replies: 10
- Forum: Accounting / Legal
