In which business expenses category should I enter the expenditure on prostitutes?
I am preparing my books to send to the accountant. Unfortunately, I have a number of entries for the use of women of ill repute which were categorised as entertainment, but in actual fact we use entertainment only for client entertainment. Could anyone suggest which expenses category they should be entered in?
Other - Business & Finance - 3 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Drawings, its a taxable benefit deemed as personal expenditure. Why don'y you call HMRC and confirm the treatment! Lol!
Answer 2 :
It is usually called "personal services"
Answer 3 :
You have a section called EQUITY ADD this category: "Screwing IRS" That should work nicely for you
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