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

approved accountants for home office

For assistance, get in touch with BNW Accountants.

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