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Post Info TOPIC: Expenses
chellawson


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Expenses
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Hi all,

 

I have purchase a new laptop for business use but am unsure how to put it into my year end account.  Would I just add it as an expense under Computer?

 

Any advice greatly recieved



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Michelle
gbm


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Hi Michelle,

It would be a capital item.

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Regards,
Nick

Website: www.gbmaccounts.co.uk
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Factsheet | Starting a Business

 
chellawson


Senior Member

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Posts: 134
Date:
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Yhank you for your reply

The laptop was only 1292 so would I deduct 40% for the first year or has it charged??

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Michelle
gbm


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Depends what you are talking about.

In the accounts, you need to depreciate it, probably at 25% p/a.

However, for tax, it will attract cap all @ 100% under the Annual Investment Allowance (AIA), although this is assuming your total expenditure under AIA is below the threshold (currently £100k). NB if this is not a full 12 months accounting period, the AIA allowance gets reduced pro rata.

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Regards,
Nick

Website: www.gbmaccounts.co.uk
Twitter

Factsheet | Starting a Business

 
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