How to navigate business expense reimbursement in today’s tax world.
“I bought it through my personal Amazon account… so I didn’t think I could claim it.”
This came up in conversation more than once and is one of the most common (and costly) assumptions I see.
Here’s the reality
If something is:
“wholly and exclusively for your business”
Then it can usually be claimed.
It doesn’t matter how you paid
- Personal card
- Business card
- Amazon account
- Bank transfer
The key question is: what was it for? That’s all HMRC is interested in.
What should happen instead
If you’ve paid personally for a business expense:
the company reimburses you
That way:
- the business gets the deduction
- you’re not out of pocket
Where this goes wrong
- Expenses don’t get recorded
- Receipts get lost
- Bookkeeping isn’t up to date
And the claim is missed completely
The bigger issue
This isn’t really about Amazon.
It’s about:
not having clear, consistent systems
Because when your bookkeeping isn’t up to date…
you don’t see what you’re missing
You don’t lose money because things are complicated – you lose money because things aren’t being tracked properly.
Get your business expense reimbursement correct in today’s tax world.
If you would like to discuss this further call us or arrange a meeting here.