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Employees and consultants who perform duties for xxx are eligible for reimbursement of expenses under HM Revenue & Customs guidelines. xxx will reimburse expenses submitted in line with these regulations: Employees may reclaim an expense incurred wholly,...
What is deferred income?
We all know what income is, but why might you want to defer it and how will this impact your accounts?
The chart of accounts is a list of all the accounts used in the general ledger of your company. It creates the roadmap of your financial transactions. Getting this right (first time) will really help you know your numbers.
Wouldn’t it be nice if you could reconcile your bank accounts quickly and efficiently with the minimum of stress?
Generally, there are no tax implications when a sole trader or partnership puts cash in or takes cash out of a business. A company, on the other hand, is a separate legal entity and any cash assets held by the company belong to the company and not the director/s. Any...
If you run your own business, then you have probably invested time and money into creating your own website. Possibly, quite a lot of money but are you getting value from it?
In order to know where you want to be, you must understand where you are now and what the gap is in between…. A goal is a dream with a deadline. Napoleon Hill What is your motivation? Why did you start your business? What drives you, what gets you to take...
You are overwhelmed, you have so much to do that you are paralysed and don’t do anything - or it feels like you don't do anything. Having so much to do that you don't know where to start is a common challenge that many of us face in today's fast-paced and digital...
Claiming for fuel - how good record keeping can save you money. When and how can you claim for fuel costs in your business? If you are driving a company car, it's likely that the fuel costs are covered by your company and you are paying a taxable benefit in kind on...
What are accruals? It has been a long-accepted accounting principle that revenue and costs should be recognised as they are earned or accrued, rather than when their cash value is received or paid. Income and expenditure should be matched with one another where...