What are allowable and dis-allowable expenditure?
Submitted by: MuhammadAllowable expenditure
☛ 1. the cost of goods bought for the business
☛ 2. the prime costs of running a business asset
☛ 3. wages and salaries of employees
☛ 4. heat, light and cleaning of business premises
☛ 5. repairs to and maintenance of business premises
☛ 6. postage and stationery
☛ 7. business telephone and rental
☛ 8. bank charges and interest on business loans and overdrafts
☛ 9. travel and entertaining if the sole purpose is to retain or acquire business
☛ 10. legal costs of defending business rights and renewing leases of less than 50 years duration
☛ 11. bad debts and specific doubtful debts
☛ 12. protective clothes necessary for the business
Dis allowable expenditure
☛ 1. private expenditure
☛ 2. clothes bought for ordinary everyday wear
☛ 3. acquisition and depreciation of business assets
☛ 4. your own wages or salary
☛ 5. your business partner's wages or salary
☛ 6. payments to charities
☛ 7. travel expenses between your home and place of business
☛ 8. a general (non-specific) provision against doubtful debts
☛ 9. legal costs of acquiring land and buildings
☛ 10. fines for breaking the law
☛ 11. your own life, accident or sickness assurance
12. costs of alterations, additions or improvements to business premises
Submitted by: Muhammad
☛ 1. the cost of goods bought for the business
☛ 2. the prime costs of running a business asset
☛ 3. wages and salaries of employees
☛ 4. heat, light and cleaning of business premises
☛ 5. repairs to and maintenance of business premises
☛ 6. postage and stationery
☛ 7. business telephone and rental
☛ 8. bank charges and interest on business loans and overdrafts
☛ 9. travel and entertaining if the sole purpose is to retain or acquire business
☛ 10. legal costs of defending business rights and renewing leases of less than 50 years duration
☛ 11. bad debts and specific doubtful debts
☛ 12. protective clothes necessary for the business
Dis allowable expenditure
☛ 1. private expenditure
☛ 2. clothes bought for ordinary everyday wear
☛ 3. acquisition and depreciation of business assets
☛ 4. your own wages or salary
☛ 5. your business partner's wages or salary
☛ 6. payments to charities
☛ 7. travel expenses between your home and place of business
☛ 8. a general (non-specific) provision against doubtful debts
☛ 9. legal costs of acquiring land and buildings
☛ 10. fines for breaking the law
☛ 11. your own life, accident or sickness assurance
12. costs of alterations, additions or improvements to business premises
Submitted by: Muhammad
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