by Lisa Dickson | Apr 23, 2023 | Accounting 101, Bookkeeping 101
Magnificent Month End Management Accounts As a business owner, month-end management can be a daunting task, especially if you’re not a qualified accountant. But fear not, my fellow numbers-challenged comrades, because I’m here to give you some tips on how...
by Lisa Dickson | May 4, 2021 | Bookkeeping 101
In this article, I am going to cover VAT on services after Brexit. B2B or B2C Services to UK Customers First let’s consider B2B or B2C Services to UK Customers If you are a UK business supplying services that are usually subject to VAT to UK customers then it is super...
by Lisa Dickson | Jun 16, 2018 | Bookkeeping 101, HMRC and tax
A common question we are asked is whether or not we should charge VAT on expenses recharged to clients. In this article, we will look at when you should or should not charge VAT to your client. The simple answer is that if you are selling a standard rated product or...
by Lisa Dickson | Sep 22, 2017 | Bookkeeping 101, HMRC and tax
Bertie considers himself a lucky man – he runs a successful business that over the years has brought him great pleasure, some fantastic friendships and has kept him comfortably well off. A generous man, Bertie likes to share the love and takes an enormous amount...
by Lisa Dickson | Jul 17, 2017 | Bookkeeping 101, Small Business Accounts
Michael asked a question this week about how to post a deposit received from a customer into his Xero account, and whether or not he should account for VAT. As with many accountancy questions – it depends!! It depends on what the deposit is for. Deposits or...
by Lisa Dickson | Jul 5, 2017 | Bookkeeping 101, Small Business Accounts
Andrew is a small limited company business owner who is struggling to make sense of accounting for stock. He has heard that stock can be calculated from his GP (Gross Profit) Margin but he doesn’t know how to to do that and has asked for our help. How to...
