Accountancy Services for Businesses, Sole Traders, Start Ups, Performers, Artists & Alternative Therapists
(01455) 619992

Can a musician claim for a mobile phone and computer as a business expense?

Sasha Owen
Accounting, Tax

Claiming for phones, computers and tablets as a business expense

If you have two mobile phones one for work and one personal the work phone can be deducted completely 100% from your accounts as a business expense, if you have only one then it’s a question of making a reasonable estimate of the business and private use and claiming the business element only. We can help you with this

Broadband, computers and tablets are essential tools for running any business these days. The computer or tablet we would normally treat as 100% business any if any personal use can be considered incidental.

Broadband is one of those areas where we need to split between business and private. The majority of it is probably business, and if there is small element of personal use if it’s minor or incidental then we would ignore it. If it’s included in your TV package then we would make an adjustment to recognise the business use and this is where we advise clients on their own personal circumstances as there is no fixed %

If you are unsure then contact us here

 

computer expense, mobile phone as business expense, Tablet as a business expense

Share This Post

Disclaimer

All content and information on this website is for information purposes only, and it does not constitute accounting advice and does not establish any kind of accounting-client relationship by your use of this website. An accounting-client relationship with you is only formed after we have expressly entered into a written agreement with you that you have signed including our fee structure and other terms to represent you in a specific matter. Although we strive to provide accurate general information, the information presented here is not a substitute for any kind of professional advice, and you should not rely solely on this information. Always consult a professional in the area for your particular needs and circumstances prior to making any professional, legal, accounting and financial or tax related decisions.

Red Tulips Chartered Accountants do not take any responsibility for links used within this website for external internet sites. We will not accept any responsibility for any information contained on those external sites or viruses arising from any link to a third party website. 

Sasha Owen
Sasha Owen BSc FCA qualified as a Chartered Accountant in 1983 and has been in practice as an accountant since 1987. If you think Sasha has the conventional image of an accountant then you couldn’t be further from reality. Sasha is a Reiki Master, loves the arts, music and theatre; having been on stage herself and worked backstage she really does have a deep understanding and love for the arts and alternative therapy world.

Related Posts

Why choose a Chartered Accountant ?

person
Sasha Owen
5 Reasons to use a Chartered Accountant Before choosing your accountant Unless a member of the ICAEW ( Institute of Chartered Accountants) or qualified with another professional body, anyone can call themselves an accountant, even if they have no professional…
READ MORE
Specilist accountancy services & advice for actresses, actors, performers, artists, models, dancers, photographers, artists, make over artists, musicians and singers, alternative & holistic therapists, yoga instructors, reiki practitioners, spiritual healers, hypnotherapists and counselors

Should I trade through a limited company ?

person
Sasha Owen
I do get asked if a sole trader should trade through a limited company. Changes over recent years in corporation tax and income tax make any tax benefit of incorporation small and taking account of extra costs and the administrative burden…
READ MORE
keyboard_arrow_up