One of my client has got receipts for books and journals and external supervision who has suported her as she has been able to discuss her clients issues with her. training is only allowed if required to enable your skills for the job your in, but to further develop for your own development or reading journals and buying books to develop own knowledge is not related to carrying out the job u allready r, so is not allowable?
Directly related books and journals are an allowable expense. For example, the annual purchase of Tolley's tax guide is allowable but a dummies guide to teach yourself forensic auditing would not be as you would be acquiring new, not specifically related (although still accountancy) knowledge rather than enhancing existing knowledge (also you wouldn't be allowed to be a forensic auditor even if you read the book).
The supervision must be invoiced for services supplied... Otherwise we would all be putting down time spent on here as an allowable expense!... What do you mean you are!!!!
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
No probs. It's a common question no matter what line of work you're in as we seem to be one of the few countries where seeking to better yourself is actively discouraged by the tax system.
The fat cat pic was one I found on the internet years back. The title was "What bird!".
You have a good one as well Sugra. Talk soon,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
