Accountant needed around North London / Herts area

[Dynamoaccounts]

If claiming for use of home as office and claiming a proportion of mortgage interest etc. for one room set aside for purely business use, you could be liable for capital gains tax on that room when you sell the property (not an issue if you rent), so as far as I can tell it is best to say that you use that room occasionally,say 10%-20% of the time for personal use as well. At least that is how I interpret the guidance on the HMRC website but I am not an accountant and I could be wrong.

There's a flat rate to claim for use of house these days, you can always use a calculation based method as well but it has no capital gains effects due to the business "Renting" the space within the property rather than own it. The calculation largely depends on how much time you're realistically spending in the home office.

For the expenses, can use the HMRC flat rates for subsistance, mileage, etc as well as putting through a number of expenses. I'd suggest using a contractor specialist accountant who offers a fixed fee each month so no nasty bills at the year end. Many offer the online portal/software as well so you can import any expenses and also carry out any invoicing if needs be.

 

[Octopus]

There's a flat rate to claim for use of house these days, you can always use a calculation based method as well but it has no capital gains effects due to the business "Renting" the space within the property rather than own it. The calculation largely depends on how much time you're realistically spending in the home office.

For the expenses, can use the HMRC flat rates for subsistance, mileage, etc as well as putting through a number of expenses. I'd suggest using a contractor specialist accountant who offers a fixed fee each month so no nasty bills at the year end. Many offer the online portal/software as well so you can import any expenses and also carry out any invoicing if needs be.

Like you perhaps?

This forum doesn't like people touting for business without paying for advertising.

Just saying

 

[Dynamoaccounts]

Like you perhaps?

This forum doesn't like people touting for business without paying for advertising.

Just saying

Very true Murdoch, stopped short of blatant advertising on purpose....other accountants available of course! Advertising rates requested earlier.

 

[Darkwood]

Very true Murdoch, stopped short of blatant advertising on purpose....other accountants available of course! Advertising rates requested earlier.

Welcome to the forum

You seem to be well aware of our advertising rules and that of self promotion etc, having said that I do deem the actual emoticon itself is a reach out to emphasise your services albeit in a cheeky manner so it will be edited out, your advice and interaction in the forum thus far is welcome and very informative and we hope to see more, I think our members are educated enough to either read your Tag name or PM you if they wish to use your services without the need for you to nudge them. :smiley2: