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Post Info TOPIC: Want to start my own book-keeping business
DenS


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Want to start my own book-keeping business
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Hi to all users. Just want to say great forum, can really see this being the 'only' forum for book-keepers in the future!

I'm dead keen to start my own book-keeping business as I have previous accounts experience. I intend to take a book-keeping course either through Bookcert, IAB or Sage course etc. Just want to know if this would be allowable as a tax deductable expense on a tax return? I will be keen to recoup as much money as possible on starting up!

Many thanks, hope I will be able to contribute to this forum as I get more experience. Keep up the good work!

Den

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TomR


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Den Hi!

I had the same question when I was starting up. I spoke to an accountant friend who said that I would only be able to claim the cost of a book-keeping course as a tax deductible expense, if I set-up a limited company prior to purchasing the course i.e. the director and ltd co are two separate entitys and thus both the co and dir benefit from it. However, as I was intending to trade as a sole trader I couldn't.cry Oh well worth a try! smile

All the best

Tom


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DenS


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Hi Tom

Same here, will set up as a sole trader at first. Never mind though. Thanks for the answer.

Den



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