Reply to: Buying a NAS as a business expenses?

[aoxomoxoa]

If I could fit one in my office...I do have a small sofa though. And a coffee machine. Need to be able to offer HMIT a hot drink and a comfy seat if they ever come for a visit.

Also, you'll be needing a comfy seat after they've finished "interrogating" you!

[TheCyclingProgrammer]

Buy a dining table, class it as a conference table. They won't check.

If I could fit one in my office...I do have a small sofa though. And a coffee machine. Need to be able to offer HMIT a hot drink and a comfy seat if they ever come for a visit.

[LondonManc]

I've just switched out my old monitors to 43" 4k versions. This type of monitor is often available in larger screen sizes too. Together with an ATV (used for R&D in case I have time to develop an app for it) it can stream company data direct from the corporate NAS.

Tough commute?

[Platypus]

I've just switched out my old monitors to 43" 4k versions. This type of monitor is often available in larger screen sizes too. Together with an ATV (used for R&D in case I have time to develop an app for it) it can stream company data direct from the corporate NAS.

[LondonManc]

Buy a dining table, class it as a conference table. They won't check.

[WordIsBond]

I still don't get this line of thinking.The savings aren't inconsiderable - even just VAT is a chunk, that's before the CT saving and personal tax savings.

This. Contra NLUK, the money doesn't come out of your pocket, it comes out of your company and out of HMRC's pocket. Neither of those are your pocket, since you are not your company, as those of us who are Cut Out To Be A Contractor know.

If you class the first 25 seasons of The Simpsons on wmv as a business use, fair enough.

What else do you expect people to watch at their annual Christmas party with their other employees?

[Snarf]

If you class the first 25 seasons of The Simpsons on wmv as a business use, fair enough.

It would take significant effort to justify it as a business expense, especially if family have access to it. That said, I've always been risk averse on things like that.

Do you honestly think that an inspection by HMRC would go to the detail of checking users and files on a storage device?

[TheCyclingProgrammer]

“Significant effort”

Hmm...

“Hello Mr Tax Inspector, as an IT business I have a lot of important files on my laptop. As well as offline cloud backups it’s also important for me to keep local backups of important files and as a business I have decided that a NAS is the easiest and most efficient way of doing so. Yes I do have some personal files on there too, just like on my laptop, but I don’t consider this incidental personal use to be significant.”

Done.

Any incidental personal use of a business asset like a NAS is treated in the exact same way as it would your laptop.

HMRC have got more important things to do than nitpick over a business’ backup policy and hardware requirements.

[LondonManc]

I don't see why this wouldn't be a business expense.

If its going to be used primarily for business use then I'd put it through.

If you class the first 25 seasons of The Simpsons on wmv as a business use, fair enough.

It would take significant effort to justify it as a business expense, especially if family have access to it. That said, I've always been risk averse on things like that.

[Scruff]

It all gets written off for Tax purposes in yourCo. in the financial year in which it is purchased. Depending on how much it costs, your Accountant will either expense it, or capitalise it, and depreciate it as per YourCo'.s Accounting Policy.

[ladymuck]

I bought a Synology NAS and put it through MyCo.

I do have cloud storage but I also like on-premise storage. Belts and braces

[Dark Black]

Do it, you are obviously using it for the business so do it

Though I would look at QNap myself

Getting a bit OT but after looking at a lot of NAS I've come down to a choice of similar models from QNAP and Synology.. Mostly it's looking like the final choice will be down to preference on the OS since the performance seems very similar. Interested to know your pref. for the QNAP?

[portseven]

Do it, you are obviously using it for the business so do it

Though I would look at QNap myself

[vwdan]

I have no hesitation buying most IT/office equipment through the business if it’s used for any kind of business purpose and I don’t waste time worrying about whether or not HMRC would agree. If there’s absolutely no business purpose or use then I don’t.

Ditto. I'm an IT Consultancy - I sometimes need IT stuff..

IMO not a business expense and it's not worth enough to be buggering about with. Still comes out of your pocket at the end of the day albeit at a discount.

I still don't get this line of thinking.The savings aren't inconsiderable - even just VAT is a chunk, that's before the CT saving and personal tax savings.

[Dark Black]

What they all (mostly) said

Anything computer related gets put through the business.

Am in the process of speccing a new NAS and drives as I type this (surrounded by a myriad of tabs of reviews and specs!).

Go for it.