| Mark Telford - An offer you can't refuse |
Here's a funny story about everyday (modern) business people. I was sitting (not so quietly, as it happened) in the UK Business Network LinkedIn Group, minding my own business (literally). But all I did was to start a discussion with this offer...
I've got a great 'use of home as office' calculation spreadsheet, very straight forward. You may be able to claim more than you think. Please get in touch if you would like a copy.
...and earlier today the discussion kind of exploded, with member after member posting their email addresses and saying "Yes Please – send to bill.smith@homebusinessoffice.co.uk". Then in piles Publisher of ModernSelling.com – Neil Warren – who not only wants one himself, but is so enamoured with the whole "lead generation on business-social-media" thing that he practically insisted I put in an appearance here too!
So here I am, here's my companyTelford Associates, the link to me on LinkedIn is under my photo here, and I'd be happy to oblige if any of you sales professionals think you might not be getting your fair expenses for when you use your home as an office too. Just pop a note on here, or call me on 07540 667256.
Regards to all - Mark
Questions & Comments
Guilty as charged your honour
Yes indeed folks, I did do that to him - and thanks for being such a good sport Mark.
To re-iterate, could I have mine at (neil.warren @ modernselling.com) please then - noting the crafty "disguise" of my email address so the spam-phishers can't scrape it off here.
Thanks again - Neil
Posted by Neil Warren on
Yes Please
I would be grateful for a copy at andy @ sixfold.biz. Note cunning use of spaces - thanks Neil!
Andy Haigh
Posted by Andy Haigh, PPM.APMP on
Rather!
I would be delighted to receive a copy of your 'use of home as office' calculation spreadsheet, if you could send it to mike @ shakyground.plus.com it would be very much appreciated!
Thank you for the link Neil, and thanks in advance Mark!
Mike Perry
Posted by Mike Perry on
Sorry about the delay!!
Neil, Andy, Mike
Apologies for the delay. I've sent the spreadsheet to you all.
Please remember this is not the be all and end all, its a guide which gives you an idea of what you can claim. You need a decent accountant to advise you on exactly what you can claim...
Posted by Mark Telford on
Yes please
Please send mine to r.heys @ networkconnect.co.uk.
Sounds like a great tool.
Thanks in advance
Ryan
Posted by Ryan Heys on
Employees included!
Employees as well as the self employed and company directors can make a claim for 'use of home as office'.
If you have to use your home as an office and its either part of your contract or has been specifically requested by your employer then you can claim.
Be reasonable in your claim and back it up with workings and it is likely to be accepted without query.
Remember you can claim retrospectively for up to 6 years.
Posted by Mark Telford on
HMRC is not having my money
Maybe I am naive but I've often felt that the benefits of home-working were so stacked in my favour that "expensing" my costs seemed churlish.
If however my employer can pass these costs on to HMRC I'd be much happier :-)
So..."Yes please Mark" at bob.unsworth @ sky.com
Posted by Bob Unsworth on
No time like the present
It's on its way Bob.
It's not your employer passing the costs on, its you personally getting the cost of working from home (mortgage, light, heat etc) recognised and accepted as a tax deductible expense.
The 2011 tax year has ended so get those claims and tax returns in now.
Don't wait for the filing deadline, if you've paid too much tax get it back asap.
Feels much better in your pocket rather than the taxman's!
Posted by Mark Telford on
Dear Mark - Will HMRC still be OK?
I'm trying to be a bit "funny" or "witty" with my question / headline Mark, treating you as an Agony Uncle. Because the more I've looked at this, the more juicy it gets if I can get all 6 years back (don't enquire about my personal details though!).
It's going to be a good few £thousands if mine all pans out, so I was just being "concerned" about (my poor ex-lover - NOT) the HMRC, and whether s/he could afford the £millions your delightful little campaign here is going to relieve him/her of.
So don't feel obliged to answer Mark - just stick those claims in folks - it always was "your" money in the first place, and we're all in this together, as we're constantly reminded.
Posted by Neil Warren on
Put that cash to better use
Absolutely Neil, if the Government can waste £500 million on a census that few take seriously, then I (we) can make better use of a few £'00's or £'000's.
Anyone not sure about this...get in touch.
Posted by Mark Telford on
Capital Gains implications?
Mark, I have no desire to rain on your parade (or anybody else's) but what are the capital gains tax implications of claiming expenses on your home office? A tiny part of my brain seems to think that you have to be a little careful or you are liable for capital gains on the portion of the house used when you come to sell. (Recognising that this is an unlikely scenario at the moment!)
Posted by Neil Fletcher on
PPP and CGT eh?
Neil
Glad you've raised this.
Provided you don't claim 100% business use for part of your home (principal private residence), you won't be liable for capital gains tax on the business element.
Again, make sure your claim is reasonable and backed up by workings.
This is stressed in the spreadsheet.
Posted by Mark Telford on
SPreadsheet
I too would like a copy please Mark ray dot bruen@plastekuk.com
Thanks
Posted by Ray Bruen on
Home office spreadsheet
Yes please. david@simplyclicks.com
Posted by David Burdon on
What an offer!
Very kind of you Mark - thanks in advance nigel (at) thompsonsw .co .uk
Posted by Nigel Thompson on
Excellent
Great, could you email me a copy at nick@dreamhouseapartments.com
Many thanks
Nick
Posted by nick chaffaut on
Yes please
Hi Mark,
I would really appreciate a copy to:-
steved @ smgeurope.com.
Thanks!
Posted by Steven Driscoll on
YES PLEASE
Me too - I would also like a copy of the speadsheet:) Please send it to warrenh @ smgeurope.com
Cheers!!!
Posted by Warren Harvey on
Logging in with LinkedIn
See! It really, really works - and STILL going strong on your original LI post I notice Mark.
And if any of you good people (Bob, Nigel, Nick, Steven or Warren) have a LinkedIn profile, and are a bit "disappointed" by your grey-head profiles, just try the "login with Linkedin" option and all will be revealed.
Posted by Neil Warren on
You have mail
Thanks Neil, yes still loads of interest, well it is free after all!
Just remember, to get the maximum benefit from this and lots of other tax savings, speak to a decent accountant.
...ahem...
Posted by Mark Telford on
Business mileage
For all you owner managers who claim business mileage, remember that you can claim back the vat element.
For all employees - does your employer recover the vat?
No!!! Well get a claim in, you can claim retrospectively for up to four years.
Posted by Mark Telford on
Nice sales pitch Mark
"...ahem..." - very soft sell, I'll have to remember that one ;-)
Posted by Neil Warren on
Yes Please!
Hi Mark,
This sounds like interesting stuff! I too would like a copy of this spreadsheet please!
Please send to anthony . ormandy @ hotmail . co . uk
Posted by Tony Ormandy on
Great effort!
Hey mark
Could you please send me the copy on hamzaalikhan7@gmail.com
Kind regards
H.A.Khan
Posted by Hamza Ali Khan on
Thank you
Hi Mark
Read your profile etc through ModernSelling.com, would appreciate a copy of your home working tax calculator. Please send to clifford.ashwin@gmail.com
Thank you
Clifford Ashwin
Posted by Clifford Ashwin on
Copies sent
If anyone hasn't received a copy, please let me know.
Posted by Mark Telford on
To be continued...
More tips and advice to follow...
...free of course!
Posted by Mark Telford on
Yes please......(!)
Yes another request for your calculator please - & by the way I like your blog on your website.
David Greenwood
david.karen @ virgin.net
(anti -spam version)
Posted by David Greenwood on
Interesting links & cold-call coincidences
I was just telephoned as a "cold call"...
http://www.linkedin.com/groups/What-can-we-learn-from-1328087.S.51998408
...by a firm called "Tax Assist". There was nothing particularly "bad" about the call (apart from the fact that I was on the other line, so she firstly interrupted and then secondly I had to call back to see what it was about), but the upshot of course was...
"No thanks, I found a very helpful and "trusted" adviser online, which gets us back to...
http://www.modernselling.com/news-and-events/webinar-corner/sellers-tale-eselling-book-workshop-webinar-discussion-tips-series-20114025.aspx
..what sellers should be thinking about doing, including those still phone-only cold-calling for tax-advice accountants.
Posted by Neil Warren on
Google also helping out...
Try Googling "tax relief Mark Telford" too, and you can get an idea of what else might be happening ;-)
Posted by Neil Warren on
Good old google
Thanks Neil.
You'll be getting mail shortly.
Tax Assist called me to see if I needed an accountant as well ;o)
Posted by Mark Telford on
Anyone paying too much tax? I can help...
Ok, not many takers at the moment from all you sales people who contractually use your home as a place of work.
I've recently submitted a return for a £1,000+ tax refund and am working on another which will be even bigger.
These are not exceptions. Please give me a call 07540 667256.
I'll know in the space of five minutes if I can help you.
Don't believe me? Take a look here:
http://www.telfordassociates.com/kent-accountant-client-recommendations-testimonials
or here:
http://www.telfordassociates.com/news-from-Kent-accountant/homeusetaxspreadsheetgoesviral
Posted by Mark Telford on
Get the money in your pocket not his!
Submit your 2010/11 tax return now!
If you think you may be due a tax rebate get your return submitted now.
HMRC are turning repayments around in less than 2 weeks at the moment.
Posted by Mark Telford on
Yep - I've got my tax refund!
The cheque is sitting here on my desk, it is for more than £1,000, and it did come back within two weeks - amazing, I know but true!
(And now for the 4 years before that - so Mark's telling me - "lovely jubbly", as a famous market trader...
http://www.modernselling.com/work-skills/sales-management-training/professional-selling-super-hero-or-del-boy-trotter-beth-rogers-asks-20113957.aspx
...once said ;-)
Posted by Neil Warren on
Home office tax spreadsheet
Hi Mark,
I may be a little late at coming to the party but I will be grateful if you can email a copy of your tax spreadsheet to stephen.ambroziak @ pottergroup. co. uk
Many thanks
Posted by Stephen Ambroziak on
The party has only just started...
Hi Stephen.
On its way.
Posted by Mark Telford on
It ain't what you do...
...it's the way that you do it.
If you're submitting a claim make sure you get it done properly. It could get you more back than you expected and also save having HMRC queries to deal with.
The price I quote to do a return includes responding to all (if any) HMRC queries.
Posted by Mark Telford on
Metoo
Hi Mark,
the title says it all Metoo please ;-)
Thomas @ MultiNet-International .com
Thanks
Thomas
Posted by Thomas Pockberger on
On its way
Hi Thomas
Should be in your inbox.
Regards
Mark
Posted by Mark Telford on
Free Offer - still available?
Hi Mark - would love to see this if it is still available.
philip_james_moore @ hotmail.com
Tks
Posted by Philip Moore on
Consider it done
On its way Philip.
Posted by Mark Telford on
Just a thought...
Any of you lot changed from an employee to self employed in the 2010/11 tax year?
Yes?
You'll probably be due a tax rebate then, best get your tax return in asap!
Posted by Mark Telford on
I want one too
Hi Mark,
I want a copy of your spreadsheet as well please.
Many Thanks,
Rahmat
Posted by Rahmat Sifaurahman CEng. MImechE. on
email
sifaurahman@yahoo.com
Many Thanks,
Rahmat
Posted by Rahmat Sifaurahman CEng. MImechE. on
My Question / Comment Is...
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