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Previously on "Accountancy charges?"

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  • TheCyclingProgrammer
    replied
    You *can* pay for business expenses personally and claim them back, normally without any issues or extra paperwork (e.g. it doesn't normally have to go on the P11D) if its clearly a business expense and invoiced to the company. I've had to do this once or twice before (on one occasion was some computer hardware and the company card kept on getting rejected by the vendor so I stuck it on my personal card and claimed it back).

    That said, I don't think its a good habit to get into. Obviously there will be certain expenses you incur personally that you need to claim back through the company (e.g. business travel) but generally, it's just good practice to keep your business and personal finances separate wherever possible.
    Last edited by TheCyclingProgrammer; 19 September 2013, 16:41.

    Leave a comment:


  • Jessica@WhiteFieldTax
    replied
    Generally business account, but private account and claiming back makes little odds.

    Normally there are no issues around deductibility either way.

    The "who is the contract with" issue is interesting. We write ours jointly with company and directors as its directors responsibility to cause accounts etc to happen.

    Leave a comment:


  • TheFaQQer
    replied
    The contract is between my company and theirs, so their company invoice my company, and my company pays it.

    Leave a comment:


  • northernladuk
    replied
    I wonder if the OP is angling paying it off on some kind of reward card so getting that benefit and then expensing it back.

    Leave a comment:


  • 325i
    replied
    Thanks guys.

    Leave a comment:


  • GazCol
    replied
    They're business charges, not personal, so should be paid by the business; not you as an individual. Not that it makes much more difference other than creating more work for yourself.

    Leave a comment:


  • kevpuk
    replied
    Business account - not sure why one wouldn't?

    Leave a comment:


  • 325i
    started a topic Accountancy charges?

    Accountancy charges?

    Quick question, do you pay your accountancy charges from your business account or from your personal account and claim it back?

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