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It most certainly isn't worth it. If you rent your bedroom to your company, and you sleep there at night, are you paying the company for this? If not you will incur a BIK tax charge..maybe its not worth it.
You can generally charge up to 30% of your household expenses for your business. However, usually you're supposed to have a dedicated room for your office. However, as you only have a 1 bedroom apt I would seek advice from an accountant. Getting an accountant is definitely worth the expense.
Suppose you have 3 bed house and have 1 bedroom dedicate to office. Can you charge portion of mortgage as expense. If yes what portion/percentage?
What was car milage rate for 2007 ?
Are you contradicting yourself here? Remember, the taxman can also take aI am thinking of getting a mini network installed (needless to say the network might just happen to include a few rooms
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However things business realted can be 100% like internet etc.
True he could but honestly I can't see him wandering through checking my house to see the various network connections. Also the receipt is not going to say installed network point in bedroom, kitchen etc. However anyway that is the risk one takes,
On the 100% aspect, I was talking general service charges. Anyway who is to say that the network points outside the office are not business related?
Honestly I am not trying to appear smart i just want to know where are the edges of grey.
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