by Lisa Dickson | Apr 29, 2017 | HMRC and tax, Small Business Accounts
In some cases sponsorship is a great way to advertise your businesses. It is also about tapping into the passion of your target audience and having a story to tell. But when is it an allowable expense for tax purposes and when is it justifiable to claim back the VAT...
by Lisa Dickson | Mar 23, 2017 | Small Business Accounts, Xero
If you enter into a self-bill arrangement with a VAT registered supplier, there are certain conditions you will need to meet before you can raise a self-bill purchase invoice: you have to have a self-bill agreement in place with your supplier, see The Ins and Outs of...
by Lisa Dickson | Mar 23, 2017 | Small Business Accounts
Updated 23/03/2017 Sometimes it would be much faster and more efficient if you were to enter your suppliers’ invoices on your accounting system and send them a copy of their invoice afterwards! Well, you can do that if you have a self-billing arrangement with...
by Lisa Dickson | Feb 14, 2017 | Small Business Accounts
A beginner’s guide to investing in small companies and the available tax reliefs for doing so. Starting a business is rarely glamourous. Many of the globe-straddling behemoths of the business world had low-key beginnings. Both Apple and Hewlett-Packard were famously...
by Lisa Dickson | Oct 9, 2016 | Bookkeeping 101, Small Business Accounts
If you have decided that you want to take care of your own accounts and do your own books – you need to watch out for the pitfalls and acquire some new skills! Being your own bookkeeper can be very rewarding, save costs and can teach you much about your own...
by Lisa Dickson | Sep 1, 2016 | Small Business Accounts, Xero
If you are VAT registered, you must make sure you have a VAT invoice or receipt for your purchase to be able to claim the VAT back in your VAT return. For every VAT invoice lost, missing or simply not recovered – the cost of your purchase increases by 1/6th....
