Working from Home

working from home

Overseeing office work from home is very beneficial and with the passage of time, many entrepreneurs are realizing this importance. Although it becomes quite hard to sustain a wall between your professional and personal life, you will get it when working in an extra room, a house, or maybe a building will not cost you anything. Here, check out some important tips for creating approved accountants for home office.

As a business manager you can:

  • Reclaim the expenses incurred for working from home.
  • Charge the rent to the company.
  • Claim back the costs of a home converted into an office.

If you personally incur all the expenses, you need to keep the followings in view and their impacts:

  • Value Added Tax (VAT)
  • Capital Gains Tax (CGT)
  • Stamp Duty Land Tax (SDLT)
  • Capital Allowance on furniture, and machinery
  • Expenditure on the treatment of renewal, repairment, and replacement

working from home

For assistance, get in touch with BNW Accountants.

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