Where does it say that this is their only concern? We could answer every single thread on this forum with "why are you only worried about this?!". But I guess it makes a refreshing change to "what did your accountant advise?".
That's bollocks
While I respect your perspective, objectively speaking, the information I provided in my last post is factually accurate. The concept of materiality is key here; in a larger business context, minor details may carry less weight, whereas in a smaller or emerging business, even modest savings can be significant. Additionally, individuals in the early stages of entrepreneurship may possess limited knowledge. It's important to acknowledge that everyone is entitled to ask questions in this forum, regardless of how tangential they may seem. Each query contributes to a diverse and inclusive discussion.
That's even worse if your learning about your start up You dont have time to be learning about claiming for a cake.
My understanding is that would qualify as a business expense, but not a tax allowable expense.
Food and drink for the sole trader may be allowable.
I was replying to post #20, in relation to entertaining costs. I agreed with you that it isn't a taxable expense. But I thought it would be allowable as a business expenses nonetheless.
I see, I get you now. But not the client's drink, for example, as that would be classed as entertaining clients?
That sounds like entertainment and therefore disallowable as a business expense.
It's a fair question for somebody who hasn't been in business for long but unless the OP's wife was appearing in a pantomime during her lunch break unrelated to her normal place of work then the answer would be no - she cannot claim the costs of such sustenance as a business expense.
