Sole Trader Mobile contract

[snappyfish]

So I'm using my tariff for business which was before I become self-employed was just a private mobile phone.

My tariff is always a low monthly cost with unlimited mins and text so how would I work this out for business use?

 

[Scalloway]

Are all your calls for business or do you still have private use? If you have private use just work out a percentage and charge that through your business accounts.

 

[jf-financial]

You can claim the business use proportion when you're a sole trader.

Note, you can't do this when a limited company, the contract needs to be in the companies name and then you can claim all of it without a BIK.

 

[MyAccountantOnline]

So I'm using my tariff for business which was before I become self-employed was just a private mobile phone.

My tariff is always a low monthly cost with unlimited mins and text so how would I work this out for business use?

Look at an average bill and see how many minutes are spent on business and how many are private calls, and use that to work out a split between business and private. If for example 75% of time spent are for business calls you can claim 75% of the cost.

 

[snappyfish]

Are all your calls for business or do you still have private use? If you have private use just work out a percentage and charge that through your business accounts.

I use my personal mobile for business and personal. But my tariff is unlimited mins so never incur and call charges just a fixed monthly fee which currently comes out of my personal account.

 

[jf-financial]

If you use it pretty equally for both personal and business then I'd simply claim 50% for business

 

[The Online Accountants]

Just chose a business percentage you feel comfortable with and make sure you have some workings to back that calculation up should you ever be asked.