Originally posted by garnet
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Reply to: Office rent expenses
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Previously on "Office rent expenses"
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Originally posted by garnet View PostSimplification is the reason. However now that you know what is included, does this justify the price?
I don't think the price matters though.
but price does matter on 2 levels.
firstly your fiduciary duty as a director. If the service could be obtained elsewhere cheaper you need a decent answer why not. Realistically this isnt an issue. It would need shareholders tocomplain. Hardly likely.
secondly the taxman can challenge the level of expenditure if it appears excessive. So you need to have answers potentially.
but it could easily be reasonable. If the work needs somebody moderate skilled then perhap 25 an hour would be a fair retail price. So 12 hours a month. Easy to see that could be used.
sure, it sounds a bit odd. But that doesn't mean it is.
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Originally posted by garnet View PostSimplification is the reason. However now that you know what is included, does this justify the price?
I don't think the price matters though.
You've asked you accountant and they said it was OK, so just do it. I'm not sure what purpose this thread serves :/
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Originally posted by garnet View PostSimplification is the reason. However now that you know what is included, does this justify the price?
I don't think the price matters though.
The price does matter as you have a duty as a director to look after the best interest of the company.
If the company can procure the same degree and quality of services at substantially less cost then why not choose them?
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OP throwing his toys out of the pram - yet again - because they don't like the responses
If the OP wants to spend that kind of money per month on the service he described then either:
- He is an idiot, happy to squander his company's money
- He has massively under-described the amount of work that will be taking place
- He and the landlord have some sort of arrangement where the OP gets a cash-in-hand kickback
My vote is on #3.
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Originally posted by garnet View PostSimplification is the reason. However now that you know what is included, does this justify the price?
I don't think the price matters though.
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Thanks for the response, garnet. :
People can't give accurate help to you without the facts, that's why they ask you questions. When you answer those then you will get more accurate answers. Otherwise it looks like you are lying/trying to do something shady/illegal and are looking for consent to it.
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Originally posted by northernladuk View PostYou were talking about letters...
Maybe you only get 1% of useful replies because you don't explain anything properly.
I don't think the price matters though.
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Pretty sure someone posted a link to a company that does that for approx ~£120 a yr.
Any more would be wasting company money, so the logical conclusion would be the only reason you would want to do this is because you're trying it on.
If you don't like people's comments don't post on the forum.
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Originally posted by garnet View PostThe service includes:
use of address as office address
mail collection
mail scanning and archiving to co's electronic archive
mail forwarding to UK and overseas by courier
Also we are not talking about letters only here. We are talking A2 to A0 sized documents.
But for the luxury to use it as business address and receive letters there they want to charge me £350. They will also process the letters.
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Originally posted by Louisa@InTouch View PostTo keep things simple, if you were to pay costs for a virtual office or postal service for your company, this would be wholly and necessary. So therefore allowable.
If the cost of the £350 is only for this service, in my opinion, you could claim this
use of address as office address
mail collection
mail scanning and archiving to co's electronic archive
mail forwarding to UK and overseas by courier
Also we are not talking about letters only here. We are talking A2 to A0 sized documents.
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Originally posted by garnet View PostThanks for the input. Question was: is it legit to pay £XXX for office/registered business address/mail processing and get an invoice for that?
Not is it a fair price etc.
If admin decides so, they can lock the topic.
Ones again in this forum only <1% of the posts were help (i.e. based on law/fact/regulation).
Remaining >99% just pointless fart - the price is too high, etc.
Another stupid fart - do you claim your IPSE membership? And if yes, why - this is not wholly related to your business - you can be code monkey even without being IPSE member.
Thought the original post was the biggest "fart", tbh, given you had already been advised by a paid professional.
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Originally posted by garnet View PostThanks for the input. Question was: is it legit to pay £XXX for office/registered business address/mail processing and get an invoice for that?
Not is it a fair price etc.
If admin decides so, they can lock the topic.
Ones again in this forum only <1% of the posts were help (i.e. based on law/fact/regulation)
Remaining >99% just pointless fart - the price is too high, etc.
Another stupid fart - do you claim your IPSE membership? And if yes, why - this is not wholly related to your business - you can be code monkey even without being IPSE member.
You can claim IPSE through the company but you can't claim tax on it as it's not a recognized body.
http://www.itcontracting.com/profess...ions-expenses/
List of bodies is here
https://www.gov.uk/government/public...ed-societies#iLast edited by northernladuk; 5 May 2016, 10:22.
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Originally posted by garnet View PostThanks for the input. Question was: is it legit to pay £XXX for office/registered business address/mail processing and get an invoice for that?
Not is it a fair price etc.
Leave a comment:
-
Thanks for the input. Question was: is it legit to pay £XXX for office/registered business address/mail processing and get an invoice for that?
Not is it a fair price etc.
If admin decides so, they can lock the topic.
Ones again in this forum only <1% of the posts were help (i.e. based on law/fact/regulation).
Remaining >99% just pointless fart - the price is too high, etc.
Another stupid fart - do you claim your IPSE membership? And if yes, why - this is not wholly related to your business - you can be code monkey even without being IPSE member.
Leave a comment:
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