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Reply to: Company Laptop purchase
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Previously on "Company Laptop purchase"
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Don't forget depreciation on company assets where they are written down in value each year. I think after 3 years any hardware is pretty much worthless, regardless of what mugs are paying on ebay.
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Originally posted by Pickle2 View PostI generally give my company a detailed reciept for anything like a laptop that I sell to it. Also worth printing out a few examples from ebay to show you are charging the going market rate for the laptop 2nd hand, and stapling them to the reciept in case you ever get the knock from hector.
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Yes it is definately OK to do.
A reciept will do fine, but you must sell it to the company for a 'reasonable' 2nd hand price.
If you bought it just before you set your company up, you may still be able to put the purchase through the company and expense the whole value - speak to an accountant.
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Originally posted by Pickle2 View PostI generally give my company a detailed reciept for anything like a laptop that I sell to it. Also worth printing out a few examples from ebay to show you are charging the going market rate for the laptop 2nd hand, and stapling them to the reciept in case you ever get the knock from hector.
What is the process? Do i just create a sales receipt and give it over to myself (Director)?
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Originally posted by FiveTimes View Postwhat paper work is needed to show that the "sale" took place ?
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Originally posted by Bluebird View PostIf it's a personal sale [ ie not from a VAT registered entity, then no he can't charge VAT ]
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Originally posted by Peoplesoft bloke View PostMy Co is buying a second-hand laptop from one of our directors. I assume the director won't (and indeed can't) charge VAT so I don't need to record a VAT component in this transaction?
If it's a personal sale [ ie not from a VAT registered entity, then no he can't charge VAT ]
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Company Laptop purchase
My Co is buying a second-hand laptop from one of our directors. I assume the director won't (and indeed can't) charge VAT so I don't need to record a VAT component in this transaction?Tags: None
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