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

[OFSTEDoutstanding]

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?

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.

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

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

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

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

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

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

100% IT capital allowances have stopped (for now)

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?

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

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.

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!