Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Hello everyone!
I recently bought a Makita machine worth 360 euros including vAT. Now I’m wondering whether I should write this off as an investment over 2 to 3 years, or whether I can just include it in my expenses in one go?
Thanks in advance, everyone!
Kind regards,
Lowie Piro
Hey Lowie! :)
No, I would just put it in your expenses. I don't think there is an official minimum amount for investments, but I would only start thinking about it from £500 upwards.
Imagine I buy an office chair from 500 euros and it lasts 10 years, which is quite possible. Then I have to write it off over 10 years, which is 50 euros in costs each year.Indeed, it is sometimes a bit vague, but thank you for the answers!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
