I have a client who went on a course recently, its not an expensive course and was only for a day. It was a social media course, to show how to use all the social media stuff to promote your business, ie twitter etc.
an I put it through as an expense? As far as I can see it does come under the banner as wholey and exclusively for business, because if he wasn't' in business he wouldn't have gone. It was also to show how to get yourself ranked higher in google etc without paying an SEO.
What are your thougths? Its not a problem if its not an allowable expense, its just that I would like to get it correct in the books.
Many thanks,
PS I expect you are all there stuffing yourselves with Easter Eggs!
in this instance to me it sounds as tough rather than a course as such (i.e. picking up new skills) it is actually a marketing seminar intended to enhance the profitability of the existing business.
I reckon that there would be no major issue argueing that one as an expense of the business.
I would let it through.
kind regards,
Shaun.
p.s. my boy and myself both feel sick of chocolate... And its not as though we've not been practicing for this for weeks!
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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.
I will put it through, I really wasn't sure, but I can see what you are saying that its not a new skill, more a marketing exercise, also it was networking with other businesses.
REgarding networking, if you pay say £10 to go to one of these such as the BNI as a guest I presume you can claim that as an expense seen as its marketing?
I haven't eaten too much chocolate yet, but the night is still young, plenty of time for some more and a glass of wine!
Oh god, the thought of wine on top of the choclate consumed today is making me quesie..
Yes, BNI would be an allowable expense of the business.
kind regards,
Shaun.
__________________
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.
I have got someone to design my FB, Linkedin and Twitter business pages and they are coming through on Wednesday to explain how it all works then going to give me ongoing support over the next few months.
I am going to claim all their fee as if I didnt have my business I wouldnt have engaged their services so in my viewpoint wholly and exclusively for purpose of business.
I would allow it too. Its not a new expertise required to start new income streams, but complimentary.
There has been problems with individuals claiming the cost of a meal in their accounts for networking events, which is often the charge for attending - but if entered as a entrance fee (which it is) HMRC will allow it.
