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Can i claim back on this business expense?

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  • 18-09-2012 9:43pm
    #1
    ByronB
    Banned (with Prison Access) Posts: 85 ✭✭


    I registed my business name recently, i only got around to filling in the tax registeration form a few days ago and posted it yesterday, then i have to go online to set up the PAYE and ROS. I created a new business bank account last week and lodged a small sum of money into it. Tomorrow i need to withdraw about 600 euro to purchase a business laptop with anti-virus software.

    Being where i currently am; between having the business name already registered, but not registered for tax or having commenced trading as a business yet, will i be able to claim back on this as a business expense and if so how much?

    I am only asking because i have other things to purchase also and i am on a budget.

    Thanks.


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    #2
    barneystinson
    Registered Users Posts: 4,683 ✭✭✭barneystinson


    ByronB wrote: »
    I registed my business name recently, i only got around to filling in the tax registeration form a few days ago and posted it yesterday, then i have to go online to set up the PAYE and ROS. I created a new business bank account last week and lodged a small sum of money into it. Tomorrow i need to withdraw about 600 euro to purchase a business laptop with anti-virus software.

    Being where i currently am; between having the business name already registered, but not registered for tax or having commenced trading as a business yet, will i be able to claim back on this as a business expense and if so how much?

    I am only asking because i have other things to purchase also and i am on a budget.

    Thanks.

    Yes - google "pre-trading expenses". The laptop is not an expense though; it's a purchase of a Fixed Asset.


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