Expenses Out of Contract

[BolshieBastard]

OP needs to change their 'accountant.'

I suspect the accountant 'knows' the new PC is not going to be used by the business and is just using the 'wholly and exclusive' and being out of contract as a reason not to allow it as a business expense.

[northernladuk]

Bottom line - move to an accountant that understands your business rather than just theirs.

To be fair if that's the logic he's applying to the OP's business I'd be very worried about this accountant even understanding their business.

[cojak]

Rubbish accountant.

When benched I use my laptop to improve the company documentation, training, sort out my company accounts (that the accountant should realise) and all that stuff.


Idiot - I'd look for another accountant if were you.

[whatnow]

You won't find any HMRC documentation that says "its ok to buy a laptop when you aren't in a contract". The rule is pretty straightforward - is it "wholly and exclusively" for business purposes and if there's any personal use of the asset, is the personal use deemed "significant" or not?

Sigh - yes, I guess it was never going to be as simple as sending a link to an HMRC document and saying "Tah-Dah!"

I can't be bothered arguing with him any more (the old adage about arguing with an idiot) so I think I'll follow the advise of many on this thread and put a new accountant on my bench time shopping list (my existing accountant having been "wholly and exclusively" useless in enough other ways already).

Thanks all for confirming my thoughts!

[northernladuk]

Sigh - yes, I guess it was never going to be as simple as sending a link to an HMRC document and saying "Tah-Dah!"
!

Oddly enough it's because it's so basic and fundamental they don't need one.

We see questionable advice from accountants regularly but that has to be the worst to date.

[simes]

What a crock.

Agree with all comments above.

Out with the old, and in with the new...

[NotAllThere]

Rubbish accountant.

When benched I use my laptop to improve the company documentation, training, sort out my company accounts... and all that stuff..

Really? Last time I was benched I used my computer to get really really good at Worms Armageddon.

[jmo21]

Wait a minute.....

do we have absolute agreement from EVERYONE?!?

seems suspicious to me!

[northernladuk]

Wait a minute.....

do we have absolute agreement from EVERYONE?!?

seems suspicious to me!

Except his accountant but I don't that's what you meant is it

[northernladuk]

Really? Last time I was benched I used my computer to get really really good at Worms Armageddon.

Did you fail at that as well?