by Lisa Dickson | Feb 28, 2016 | Bookkeeping 101, Small Business Accounts
Could a car lease be costing you more than you think? If you are VAT registered then YES, quite possibly. There is a 50% reduction in the amount of input tax which can be recovered in respect of lease rental payments on a car. The reduction is to take account of any...
by Lisa Dickson | Feb 21, 2016 | Bookkeeping 101, HMRC and tax
An introduction to the basics of Corporation Tax: 2017 The UK has one of the lowest rates of corporation tax in the developed world. Additionally, the infrastructure of corporation tax reliefs available to any company or organisation based in the UK is one of the more...
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 | Jan 10, 2016 | Bookkeeping 101, Small Business Accounts
What is deferred income? We all know what income is, but why might you want to defer it? Say you raise an invoice in January for 3 months worth of consulting fees. They cover the period from January to March. This is money received for goods or services not yet...
by Lisa Dickson | Jan 9, 2016 | Bookkeeping 101, Getting Started With Xero
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. You chart of accounts will include; Balance...
by Lisa Dickson | Jan 9, 2016 | Bookkeeping 101, Small Business Accounts
Wouldn’t it be nice if you could reconcile your bank accounts quickly and efficiently with the minimum of stress? With an online accounting system – that time is now. Whether it be Xero, FreeAgent, Kashflow or Quickbooks, the process at the heart of each...
