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Hello, I was wondering which category video equipment and accessories fall under, such as a light ring, a lens, etc. And also how to enter them.
It is used 100% for my business (filming and editing), and I am subject to VAT.
Hello, I was wondering which category video equipment and accessories fall under, such as a light ring, a lens, etc. And also how to enter them.
It is used 100% for my business (filming and editing), and I am subject to VAT.
Small purchases of all kinds? Or create your own cost category under general expenses?
If it is a bit more expensive, more than £250 per item, I would say. Then you might want to consider it an investment. In any case, make sure the cost category is correctly stated (service). If you enter it as 'goods', it will be considered a sales item and will appear in your inventory list. (I made some mistakes here when I started my secondary occupation *-) )
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.