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| admin fees and tax https://taxi-driver.co.uk/phpBB2/viewtopic.php?f=7&t=23691 |
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| Author: | fatty [ Fri Jan 03, 2014 8:38 pm ] |
| Post subject: | admin fees and tax |
Hi im fairly new and after a bit of advice. I do a lot af account work and my base charges a 5% admin fee on all credit/ account work. Can I offset this admin fee against my earning with regards to my tax. Thanks im advance |
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| Author: | grandad [ Fri Jan 03, 2014 8:50 pm ] |
| Post subject: | Re: admin fees and tax |
If you don't receive the 5% then it is not income. If you do receive the 5% and then have to pay it to the base it is a business expense and is deductible. |
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| Author: | fatty [ Fri Jan 03, 2014 8:52 pm ] |
| Post subject: | Re: admin fees and tax |
Thanks for a very simple answer grandad. No we never see this 5% so it doesnt count as being earned. Thanks for the quick reply |
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| Author: | wannabeeahack [ Thu Feb 06, 2014 11:28 am ] |
| Post subject: | Re: admin fees and tax |
thats assuming you get an invoice for your rent....many wont provide one |
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