by Lisa Dickson | Nov 9, 2015 | Business Advice, Cashflow
A question we are often asked – is profit or cash more important. Both are important of course, but for a business to survive it needs cash first and profit second. A balanced approach and clear objectives should focus the company on delivering: 1. Effective...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, Business Advice, Small Business Accounts
Travel subsistence is often a very grey area within HMRCs rules and regulations so it is important to understand exactly what you can reclaim without incurring a tax penalty. These should be carried out in the same manner as any other expense claim which means this...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, Business Advice, Small Business Accounts
Many banks will set you up with a company credit card when you set up your business bank account, others will make you wait until you have been in business long enough to establish a credit record before allowing you to apply for business credit cards. They can be a...
by Lisa Dickson | Mar 15, 2015 | Bookkeeping 101, Business Advice, HMRC and tax, Small Business Accounts
Updated 2023/24 It is simply an account in the balance sheet that summarises the transactions between a company director and the company. In simple terms: An asset is created where the company loans money to the director to be repaid at a later date. A liability is...
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...
