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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
This list is not exhaustive but it’s pretty comprehensive. Feel free to let me know what may have been left out. Accountant’s and Bookkeeper’s fees. Advertising, publicity, brochures, photographs, business cards and flyers. Agents commission. Bad debts (included in turnover). Bank charges. Books not retained for more than two years. Bulbs, fuses, locks, keys, plugs, … Continue reading
Phoenix Debola 