by Lisa Dickson | Jan 3, 2015 | Bookkeeping 101, Getting Started With Xero, Helpdesk
We recommend that at every month end or at least once a quarter, you check your Accounts Payable and Receivable balances and verify that they are correct. If they are not – you could be under or overstating profits or losses, and you may not be accounting for...
by Lisa Dickson | May 1, 2014 | HMRC and tax
Confused over the HMRC rules for claiming food and subsistence? HMRC will allow you to claim for meals and subsistence in certain circumstances. We have written this article from the perspective of a small business owner/director, and in response to queries from our...
by Lisa Dickson | Apr 10, 2014 | Business Advice, HMRC and tax
As we have already mentioned in our earlier article, it is possible for directors to claim a work from home allowance under HMRC rules. This allows the director to reclaim an element of the running costs of the work from home office space. Unlike the self-employed,...
by Lisa Dickson | Dec 12, 2013 | Bookkeeping 101, Business Advice, HMRC and tax
As a director working from home, you may be allowed to reclaim reasonable ‘work from home’ expenses from your company. Flat rate basis HMRC allows you to reclaim a flat rate per month, depending on the number of hours a month you would typically work from...
by Lisa Dickson | Dec 11, 2013 | Business Advice, HMRC and tax
When you or your employees spend your own money on behalf of your company, you want the ability to claim it back quickly and efficiently. Tips for effective expense claims management: Always keep a copy of your receipt, no matter how small. The pennies could soon turn...
