Mumsnet Logo
My feed
Premium

Please
or
to access all these features

Discuss everything related to paid childcare here, including childminders, nannies, nurseries and au pairs.

Childcare

CM CLUB Can this go through my accounts or am I pushing my luck?

13 replies

OFSTEDoutstanding · 21/08/2007 09:27

Hi I have just spent alot of money on a new computer for business use and use by mindeees, can it go through my accounts, it will only be used for business and children as we have a different one upstairs that we use for personal as we are fed up with older mindees messing up our files etc. What do you think can I do it?

OP posts:
Report

Bubble99 · 21/08/2007 09:39

Yes. I'm a nursery owner and we have a computer in our pre-school room.

OFSTED require pre-schoolers to have access to computers, anyway, so it won't be a problem.

Report

sunnyshine · 21/08/2007 09:41

will have to go through as a capital allowance i think. thats what i was told.

Report

Shoshable · 21/08/2007 09:48

I put my PC through, we have alaptop for personal use.

Report

OFSTEDoutstanding · 21/08/2007 09:51

what is capital allowance? I really dont understand accounts at all

OP posts:
Report

jura · 21/08/2007 10:56

This reply has been deleted

Message withdrawn at poster's request.

OFSTEDoutstanding · 21/08/2007 14:17

So does that mean I definitely can't do it all at once?

OP posts:
Report

ChasingSquirrels · 21/08/2007 14:30

definately capital allowances - which works on a reducing balance basis 25% each year. But first year allowances are currently 50% so you get that in the first year then 25% thereafter. So;
yr 1: 50% (leaving 50%)
yr 2: 25% of 50% ie 12.5% of cost (leaving 37.5%)
yr 3: 25% of 37.5% ie 9.375% of cost (leaving 28.125%)
etc

Report

Katymac · 23/08/2007 12:21

Ring the Tax office as IT can be on a 1yr capitol allowance - but only sometimes so it's worth checking

Report

ChasingSquirrels · 23/08/2007 23:08

100% IT capital allowances have stopped (for now)

Report

LoveMyGirls · 24/08/2007 10:16

I'm wondering this about getting a new sofa as ours is totally mis-shapen from the kids jumping on it (even tho i keep telling them not to) and spilling stuff on it, so i want a leather one, but is this wear and tear and so cant claim for it?

Report

OFSTEDoutstanding · 24/08/2007 10:39

Hi LMG I bought a new sofa and haven't put it through my books yet! Am watching for replies to see if I can or not. Though I think someone said I couldn't cos not just used for childminding

OP posts:
Report

looneytune · 24/08/2007 10:52

LMG's - pretty sure not but I think you can claim for it being cleaned like I am. I am however claiming for my sofa in the playroom but that's because it's in the playroom and ONLY for childminding.

Report

hennipenni · 24/08/2007 11:36

If sofa is used entirely for minding then I'm sure you can claim, howevwer if it's to replace your family sofa then it's just wear and tear I'm afraid!

Report
Please create an account

To comment on this thread you need to create a Mumsnet account.

Sign up to continue reading

Mumsnet's better when you're logged in. You can customise your experience and access way more features like messaging, watch and hide threads, voting and much more.

Already signed up?