Night night, sleep well, sweet dreams Buddies 
Stay safe and warm overnight 
night EL moonsieee slim
Good morning everyone it's another very windy and wet day to come.
Enjoy your day everyone 
@slimfern posted:Nothing wrong with earning your money El
True though I think the client may have asked me the same questions in the past though it would take me too much time to check that 
The biggest query was about training costs for a self-employed person. HMRC regard those as allowable as revenue if it is to update existing knowledge but not allowable as capital if it's new knowledge. For instance I do tax courses to keep up to date, that's clearly allowable. But I'm allowed to do probate work if I took courses to do that. That' would be a new area of knowledge so wouldn't be allowable. Client is currently doing a course costing ÂĢ10k so far in excess of the cost of update courses so looking more like capital than revenue. If the course leads to a qualification then it's virtually certain to be regarded as capital. Such a cost doesn't come under any of the available types of capital allowances for capital expenditure.
And if she were to sell the business and make a capital gain, it wouldn't be allowed as a cost against that as the cost is in respect of the client as a person rather than the business.
@Moonie posted:Chin up El
Thereâs always the next game
Much will depend as to confidence levels. Match is against Lincoln which is near the bottom, has lost their last 3 matches so will be desperate for points. Last night's opponents were Cambridge who were in much the same state as Lincoln,
@El Loro posted:True though I think the client may have asked me the same questions in the past though it would take me too much time to check that
The biggest query was about training costs for a self-employed person. HMRC regard those as allowable as revenue if it is to update existing knowledge but not allowable as capital if it's new knowledge. For instance I do tax courses to keep up to date, that's clearly allowable. But I'm allowed to do probate work if I took courses to do that. That' would be a new area of knowledge so wouldn't be allowable. Client is currently doing a course costing ÂĢ10k so far in excess of the cost of update courses so looking more like capital than revenue. If the course leads to a qualification then it's virtually certain to be regarded as capital. Such a cost doesn't come under any of the available types of capital allowances for capital expenditure.
And if she were to sell the business and make a capital gain, it wouldn't be allowed as a cost against that as the cost is in respect of the client as a person rather than the business.
Blimey! the regulations are almost an equation in themselves aren't they 
I understand what you are saying...yet one would have thought though, that improving a persons knowledge to benefit their business and ultimately the Revenue coffers would warrant some kind of encouragement - namely tax relief imo
@slimfern posted:Blimey! the regulations are almost an equation in themselves aren't they
I understand what you are saying...yet one would have thought though, that improving a persons knowledge to benefit their business and ultimately the Revenue coffers would warrant some kind of encouragement - namely tax relief
It's a good example of where the tax system isn't that sensible or fair. I suppose though that if it were to become allowable would that mean that university graduates could then claim tax relief on much the same grounds
@El Loro posted:It's a good example of where the tax system isn't that sensible or fair. I suppose though that if it were to become allowable would that mean that university graduates could then claim tax relief on much the same grounds
Personally I have always maintained that most university courses should be free - specifically for those courses that benefit society ie: Doctors, Dentists, Lawyers, Accountants etc. I also believe that those who gain their degree should have to work for society in some form to pay back... for example: a doctor would work for the NHS before going private.
I've never seen the sense in encouraging the young into debt....that's not good housekeeping in my book.
@El Loro posted:Much will depend as to confidence levels. Match is against Lincoln which is near the bottom, has lost their last 3 matches so will be desperate for points. Last night's opponents were Cambridge who were in much the same state as Lincoln,
I shall keep everything crossed for you El
@slimfern posted:Personally I have always maintained that most university courses should be free - specifically for those courses that benefit society ie: Doctors, Dentists, Lawyers, Accountants etc. I also believe that those who gain their degree should have to work for society in some form to pay back... for example: a doctor would work for the NHS before going private.
I've never seen the sense in encouraging the young into debt....that's not good housekeeping in my book.
That seems sensible and could work for doctors and dentists through the NHS, harder for lawyers as the closest would be legal aid cases which don't cover all aspects of the law, and near impossible for accountants in public practice where there is no equivalent. Accountants do get involved with working for charities though.
@El Loro posted:That seems sensible and could work for doctors and dentists through the NHS, harder for lawyers as the closest would be legal aid cases which don't cover all aspects of the law, and near impossible for accountants in public practice where there is no equivalent. Accountants do get involved with working for charities though.
True! but there is always 'The Citizens Advice' or 'Social Enterprises' as well as charitable organisations as you say, that are always in need of some sort of assistance and I'm sure other ways of utilising those professions could be found
@slimfern posted:True! but there is always 'The Citizens Advice' or 'Social Enterprises' as well as charitable organisations as you say, that are always in need of some sort of assistance and I'm sure other ways of utilising those professions could be found
I was the treasurer of the local church for a mere 25 years. 200 hours a year work is a conservative estimate of my time. No fee for that.
I think I've done my bit for charitable organisations
The work is draining as the present treasurer knows. She's been doing it for over 10 years now and is trying to give it up but finding someone to take over is near impossible.
I am still involved as I do the annual independent review of the accounts. That tales some time but nothing like that of the treasurer.
@El Loro posted:I was the treasurer of the local church for a mere 25 years. 200 hours a year work is a conservative estimate of my time. No fee for that.
I think I've done my bit for charitable organisations
The work is draining as the present treasurer knows. She's been doing it for over 10 years now and is trying to give it up but finding someone to take over is near impossible.
I am still involved as I do the annual independent review of the accounts. That tales some time but nothing like that of the treasurer.
That's a lot of non fee hours El ....I too think you have done your bit
night EL moonsiee slim
Good morning everyone it's a pleasant change today up to a point. Not so windy and with the odd spell of rain or sun.
Enjoy your day everyone
@El Loro posted:The Met Office has replaced Bella with Barra in their list of storm names.
The next named storm (not forecast) is expected to hit Weatherfield
Par for the course El
Have never been a watcher of the soaps, but one can't help but see the headlines...such a lot of drama for one street
@slimfern posted:
Have never been a watcher of the soaps, but one can't help but see the headlines...such a lot of drama for one street
I've only ever seen one episode of Coronation Street, the live episode 21 years ago on the 8th, the one where Prince Charles made a brief appearance
@El Loro posted:I've only ever seen one episode of Coronation Street, the live episode 21 years ago on the 8th, the one where Prince Charles made a brief appearance
Was he lost? 
I did listen to 'The Archers' on a Sunday, for a few years because my partner was a long term fan 
But stopped after he died.....confess to not missing it
I had to look it up bur it was a live episode being the 40th anniversary since it started. Some of the characters were watching the news on television when it showed Prince Charles being introduced to a local councillor (another character) presumably she had been awarded something or something like that. His scene had been pre-recorded rather than live and was very short.
As I have mentioned before Cheltenham were at home to Manchester City in the FA cup last January.
I notice that Swindon are at home to Manchester City in the FA cup in the coming January.
Manchester City seem to be drawn to robins as that's the nickname for both Cheltenham and Swindon
@El Loro posted:As I have mentioned before Cheltenham were at home to Manchester City in the FA cup last January.
I notice that Swindon are at home to Manchester City in the FA cup in the coming January.
Manchester City seem to be drawn to robins as that's the nickname for both Cheltenham and Swindon
night EL moonsieee slim
Good morning everyone it's a dry day today but still with a strong wind which is set to be with us for days, not gale force but still quite noisy.
Enjoy your day everyone
I wonder why the 1976 film "The Cassandra Crossing" is repeatedly shown on television 
One of those disaster movies of the 70s with well known actors in. About passengers on a train who have been exposed to a deadly disease 
It's an appalling vile film with no redeeming qualities. Radio Times gives it a one star rating, its lowest.