The portability of a laptop brings in a layer of complexity, as they tend to be purchased for both business and personal use. You can claim it as an expense, but you will need to apportion between business and personal use.
For further information on allowable business expenses, refer to our expenses and allowances guides for limited company directors and the self-employed.
<p>The portability of a laptop brings in a layer of complexity, as they tend to be purchased for both business and personal use. You can claim it as an expense, but you will need to apportion between business and personal use. <br></p><p>For further information on allowable business expenses, refer to our expenses and allowances guides for <a href="https://www.goforma.com/tax/limited-company-director-expenses-tax-allowance" target="_blank">limited company directors</a> and the <a href="https://www.goforma.com/tax/self-employed-expenses-tax-allowances" target="_blank">self-employed</a>.</p>
Our small business accounting guide walks through absolutely everything you need to know if you're considering starting a limited company. From different taxes, limited company advantages/ disadvantages, how to pay yourself, and what your key filing requirements are.
- When to register a Ltd company
- When to register for VAT
- How to take money out of your company
- Dividend tax rates
- Limited company expenses & corporation tax
- Annual accounts and deadlines
Read more of our Small Business Accounting guides:
Book a free consultation to discuss your allowable business expenses.
Use our limited company take home pay calculator to instantly determine your net income after corporation tax, dividend tax, and National Insurance contributions. Simply input your company profits and desired salary/dividend split to see exactly how much you'll receive as a director, helping you optimise your tax-efficient extraction strategy.
Our limited company expenses guide talks through all the different expense categories you can claim for along with key examples and how this can impact your corporation tax.
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