if i boght a Printer for childminder business,claim it as expenses or claim a tax allowances

[Bos15]

it will be used at lest for 99.999% for childminding. i don,t know what to do

I would claim 90% off the cost as an expense then!

how can i reported in my ncma accounts book then?

put it in your cap allowance as 90%
so you will claim a bit of it each year (i did this)

How much was it - if it wasn't too expensive I'd claim it as an expense rather than a capital cost

it,s 122.13 pound

That's not really a capital cost - why not check with the Legal/money matters topic - you might get professional advise

thats for daily record ,concern ,contract,art and craft ,childminder,s Course,and all the paper work for childmining.
i can,t tell that i could used for any thing not for childminding business.

how can i comtact them .which phon number?

why not cap Katy?

i was told if you bought something that you would use year in and year out like a p.c, pram, printer to put it in capital allowance

pc & pc Peripherals are generally quite short life and anything under £100 (but a lot of dtuff under £150) can be classed as an expenses

There is a lot of info on the IR website & on Business link

If you claim capital allowances you have to do full acccounts and have to keep receipts for every single purchase. I would only do that if I was to buy something as expensive as a vehicle.

A crazy example - if you spend £10,000 on a vehicle for childminding but your turnover was only £5000 (ie, less than the amount you can earn before paying tax) it would be in your interests to claim capital allowances because then the cost would reduce the tax you have to pay over the next few years whereas if you put 100% cost now it would only reduce your tax in this year.

If you spend £200 on a large item there's little benefit in spreading the cost over a few years as the amount claimed each year will be so low.

If your turnover is less than £15,000 I personally would stick to doing basic accounts where you don't have to keep receipts for items less than £10 and can keep putting estimates through.

HTH

strictly it is capital, but tbh at that level I would probably just put it through as an expense.
fwiw you don't need full accounts if claiming capital allowances, and you should have receipts for every purchase anyway - HMR&C would be entitled to disallow anything that you couldn't prove.

If you do basic accounts and you wouldn't have bought the printer if you weren't childminding you can put 100% of the cost through. Its a justifiable business expense - you need it to print adverts, contracts & forms, letters to parents etc, etc.

If your printer is also to be used by other members of the family or non-childminding items then the correct thing to do is not to put the full cost through your books eg, your entry in your accounts book might read Printer (I put the store name here) £full cost x50%. I put things like internet connection fees down at 50% because although I would have to have one for my business (can't upload my website without it or reply to parent's emails) its also used by all family members for non-business reasons.

HTH

so then put it with 90% is fair???

strictly it would be wrong to put it in at 90%. Strictly is IS a capital item (regardless of what people might argue) and capital allowances should be claimed.
In practice you will find that many people have a cut off limit, and I don't think it would be unreasonable to claim this as a revenue expense rather than capital.

think of it like this - the printer lasts for a number of years and so is capital, the ink and paper is consumed and so is revenue.