Recent content by ifairhurst

  1. I

    Gift (annual exemption)

    Hi I'm aware that everybody has a 3K allowance that they can gift to a person or persons and they don't have to pay tax on that. My question is can the 3K gifted be taken off profit of my business as an expense? Thank you
  2. I

    Starting (restarting) a sole trader company

    Thank you
  3. I

    Starting (restarting) a sole trader company

    OK, thank you.. So with a 10k investment it would look something like this: Year 1 claim = £1800 (total carry over to year 2 = £8200) Year 2 claim = £1476 (total carry over to year 3 = £6724) Year 3 claim = £1210.32 (total carry over to year 4 =£5513.68) Year 4 claim = £992.46 (total carry over...
  4. I

    Starting (restarting) a sole trader company

    Ah, OK. I should have said... I'm sole trader. Been window cleaning for about 2 years using water fed pole and pure water system. My initial outlay was for van and purification system which was all around 10k, so I have those classed as fixed assets and recording them over 4 years. Other things...
  5. I

    Starting (restarting) a sole trader company

    When you say 'the accountant does the books' , what do you actually mean. Do you just hand him a box of receipts and invoices and let him figure it out? I was considering talking to an accountant but I log all income and expenses on a spreadsheet which then calculates profit. So I don't know...
  6. I

    Pick a trade what u think is best and best paid

    Window cleaning. meet lots of people, manual labour so a good work out. Earning potential more than you would imagine.
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