by Lisa Dickson | Nov 3, 2017 | HMRC and tax, Small Business Accounts
Updated for 2025/25 We are often asked for advice on the most tax efficient way of paying yourself from your company. The official term is ‘profit extraction’ – how to get more money out of your business and into your pocket – legally of...
by Lisa Dickson | Aug 21, 2017 | Small Business Accounts
Cameron runs a small photography business, cash is tight so he has been hunting for bargains on Amazon instead of buying goods from a mainstream supplier. He wants to start vlogging and has decided that he will buy a GoPro to record his adventures. He’s finding...
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 | HMRC and tax, Small Business Accounts
Avi is a small limited company business owner reaching his end of year and had a couple of questions on his end of year accounts. He is worried that he may be paying too much corporation tax. 1) What ways can you reduce a company’s corporate tax apart from...
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...
by Lisa Dickson | May 27, 2017 | Small Business Accounts
A director has statutory duties under the Companies Act 2006 and these duties are owed to the company which is a separate legal entity in its own right, rather than the shareholders. General duties under The Companies Act 2006 The Companies Act 2006 sets out 7 general...
