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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
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.
Phoenix Debola 