by Lisa Dickson | May 1, 2016 | Accounting 101, Personal Taxes
Does a company director with no tax liabilities, have to file a Self Assessment return or not? Here is our opinion on this very confusing matter. The purpose of a personal tax return is to notify HMRC of an individuals’ obligation to pay tax. It is a legal...
by Lisa Dickson | Feb 28, 2016 | Accounting 101, Personal Taxes
Updated for 2023/24 So despite your best efforts to stay on top of your directors’ loan account – you find yourself overdrawn at year end. Does it matter? Unfortunately yes. If you have an overdrawn directors loan account then you may find that you are...
by Lisa Dickson | Jan 26, 2016 | Accounting 101, Bookkeeping 101, Payroll
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,...
by Lisa Dickson | Dec 29, 2015 | Accounting 101, Tax Updates
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...
by Lisa Dickson | Nov 10, 2015 | Accounting 101, Business Management 101, Small Business Accounts
A guide to overcoming your businesses cashflow problems and tackling late payment. More than any other factor, a business is defined by the balance between the money coming in and the money going out over any period of time. Ideally, the scales should be tipped in...
by Lisa Dickson | Jul 28, 2015 | Accounting 101, Small Business Accounts
A guide to the finer points of auto-enrolment The process of auto-enrolment continues to rumble on quietly with the majority of companies passing their staging dates without major incident. However, for the few that fail to comply with their workplace obligations, the...
