Tips

This category contains 7 posts

Understanding Capital Expenditure

People often ask where the line is between what can be written off in the accounts as expenses and what qualifies as capital expenditure (spent on fixed assets). A good rule of thumb is applying the 2-year tenure. If what you purchase or introduce into the business will last less than 2 years, write it … Continue reading

Subscriptions and Tax

Paying subs and deducting them as expenses because membership is work-related? If the organisation is not on the HMRC Approved List, your subs may not be tax-deductible.

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