Originally posted by DeludedKitten
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3 years old expenses receipts.
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Originally posted by SandyD View PostI think CC here means company card, not credit card... never applied for a company credit card!! perhaps I shouldI am what I drink, and I'm a bitter manComment
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I put company expenses on one of two cards that are solely for business purposes, are billed to the company and payments come out of the company bank account.
Having read once, many years ago, that if HMRC can't distinguish between personal and business expenditure because you mix the two then they can go through all your finances in the event of an investigation. Not sure how true that is but it's not something I want to risk experiencingComment
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Originally posted by pscont View PostI never use CC for expenses (or 99% ot the time), for security reasons. A cloned CC is a real nuisance when there are £XXX XXX in it.
I am not overly worried, just interested in what others do.…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View PostIt’s not the amount in your account, but the limit on your credit card. Are you really that clueless?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Well my accountant advised to pay for any business related expenses using the company card, its the clearest and best method, been following his advise for years, it makes my end of year so simple to be honest...Comment
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Originally posted by DeludedKitten View PostA cloned credit card is a lot easier to deal with than a cloned debit card, or a lost wallet with cash in it.
If my credit card has dodgy transactions on it, it's not my money. I ring the company and flag the dodgy transactions and they remove them. If necessary they give me a new card with a new number and block the old one. But it's not my money that someone is stealing so I don't care.
If my debit card has dodgy transactions on it, it's my money that's gone missing from my bank account. It's me that has to try to fight to show that they are dodgy. It's me that has to pay up while I fight the battle to get my money back. It takes me time and effort to do that.
The idea that having someone clone your credit card and rack up lots of dodgy transactions is a pain is laughable. Watch some of Frank Abagnale's videos on YouTube about it.Comment
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Originally posted by WTFH View PostIt’s not the amount in your account, but the limit on your credit card. Are you really that clueless?Comment
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Originally posted by pscont View PostAre you stupid?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by ladymuck View PostI put company expenses on one of two cards that are solely for business purposes, are billed to the company and payments come out of the company bank account.
Having read once, many years ago, that if HMRC can't distinguish between personal and business expenditure because you mix the two then they can go through all your finances in the event of an investigation. Not sure how true that is but it's not something I want to risk experiencingComment
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