3724 posts Community Moderator
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quickandeasy
says

Just a quick one,

I’m in the middle of upgrading my server & purchasing a few extra premium services on top. I’m doing this for the simple reason that my business is scaling (so the purchases are purely business, not personal).

  • Q: Can I write the monthly cost of my servers off against my taxes at the end of the year?
  • Any help from UK Authors who’ve done this in the past would be greatly appreciated.

    Thanks :)

    1035 posts
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    chrisatlemon
    says

    I’m not based in the UK, but from my experience you can write this off anywhere in the world. This is a pure business expense, there is nothing personal about this. I definitely write this off in Spain, I could not imagine this to be any different anywhere else…

    Cheers

    Chris

    208 posts
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    themeva
    says

    Just a quick one,

    I’m in the middle of upgrading my server & purchasing a few extra premium services on top. I’m doing this for the simple reason that my business is scaling (so the purchases are purely business, not personal).

  • Q: Can I write the monthly cost of my servers off against my taxes at the end of the year?
  • Any help from UK Authors who’ve done this in the past would be greatly appreciated.

    Thanks :)

    Hey,

    I’ve found that leasing is the way forward – if you purchase equipment it gets complex but leasing allows you to write off 100%.

    Mid last year I was about to purchase all new Apple equipment but the Mac man told me about Apple business and that will allow me to write off everything. I also lease all my software now because of this.

    Hope that helps.

    3724 posts Community Moderator
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    quickandeasy
    says

    Hey guys,

    thanks for that, just wanted to double check.

    @NorthVantage, that is a good call! I will have to look into that at the start of next year when I’m to update my MBP :D

    Thanks again!

    904 posts
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    AndySlatter
    Envato team
    says

    Yes you can.

    3724 posts Community Moderator
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    quickandeasy
    says

    @Slats, haha, thanks! Straight to the point right there :D

    904 posts
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    AndySlatter
    Envato team
    says

    @Slats, haha, thanks! Straight to the point right there :D

    :)

    407 posts
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    +5 more
    EugeneO
    says

    I’m not a tax expert but from what I understand monthly expenses can be written of as operating costs but fixed costs from purchases fall under capital gains so can not be written off as business expenses as easily.

    208 posts
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    +4 more
    themeva
    says

    I’m not a tax expert but from what I understand monthly expenses can be written of as operating costs but fixed costs from purchases fall under capital gains so can not be written off as business expenses as easily.

    +1

    3724 posts Community Moderator
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    quickandeasy
    says

    Thanks guys really appreciate it :)

    I’m getting my books in order for next year too, filed my tax return the other day for 10/11… leaving it far too late as usual, due to my awesome organisation skills :sarcasm:

    Thanks!

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