Expenses as percentage of income

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IR35 Avoider replied

19 July 2007, 07:33
I charged nothing for office costs (used to claim a couple of hundred a year but now think it's not worth the paperwork.) I also spend zero on business phone calls and zero on travelling. So my expenses are, on the whole, zero.

The only thing other than my accountant the company now pays for is web-site hosting and new bits of PC hardware. PC Hardware roughly equates to a new PC every five years or so. In the past I've also spent money on software and training.
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max replied

18 July 2007, 19:46
Originally posted by Euro-commuter

You had over 4k office costs? What's that for?

proportion of rent perhaps?
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oxtailsoup replied

18 July 2007, 13:30
Phone seems pretty high too!
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Euro-commuter replied

18 July 2007, 12:50
Originally posted by mashetti

Hey there,

Been looking at my expenses etc for the year just gone and was just curious about the percentages other people get...

No rocket science , just a ball park for some general categories.

For example, my income before tax was 80k. I had approx 11k expenses. So my expenses were around 14% of my pre tax income. A percentage may not be the best indicator though because if I was on a 50% higher rate, I would have made 120k and still only had 11k expenses (I see no reason why they would go up)...

Anyway, if I break down the 11k then that goes on things like phone (12%), office costs (41%), travel (21%), general other. Jeez, when I actually put it down like that I'm thinking some of these are way too high, better make sure they are correct!

So, what's the deal for others out there?

You had over 4k office costs? What's that for?
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mashetti started a topic Expenses as percentage of income

17 July 2007, 21:38
Expenses as percentage of income

Hey there,

Been looking at my expenses etc for the year just gone and was just curious about the percentages other people get...

No rocket science , just a ball park for some general categories.

For example, my income before tax was 80k. I had approx 11k expenses. So my expenses were around 14% of my pre tax income. A percentage may not be the best indicator though because if I was on a 50% higher rate, I would have made 120k and still only had 11k expenses (I see no reason why they would go up)...

Anyway, if I break down the 11k then that goes on things like phone (12%), office costs (41%), travel (21%), general other. Jeez, when I actually put it down like that I'm thinking some of these are way too high, better make sure they are correct!

So, what's the deal for others out there?
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