MTD for VAT – Are you ready?

MTD for VAT – Are you ready? My blog this month is about Making Tax Digital for VAT. From the 1st April 2019, any businesses that are VAT registered and have VATable turnover over the VAT threshold (currently £85,000), will be required to submit their VAT returns...
What Can I Do For You?

What Can I Do For You?

I was at a network meeting a couple of months ago and was listening to the speech from the key guest speaker. I was quite happily taking on board what they were saying and making mental notes as to areas that I wanted to investigate further. Suddenly the speaker made...
Self Assessment –  To DIY or not?

Self Assessment – To DIY or not?

Well October is upon us which means that Autumn has now well and truly arrived (as proved by the weather this week!). The flip flops and summer dresses have now been packed away to the back of the wardrobe and our thoughts turn towards such things as Christmas, warm...
Childcare Costs and Tax Free Childcare

Childcare Costs and Tax Free Childcare

I hope you all had a great summer whether you were working during it or taking time off with your family. I started my business because I wanted to have the flexibility of being able to spend time with my children and have a working life. I hugely enjoy both and being...
Employee Business Expenses – What Can You Claim?

Employee Business Expenses – What Can You Claim?

Last month I explained about business expenses that could be claimed back for self employed individuals. This month I look at business expenses from a company perspective, including those employee travel and subsistence business expenses that are allowable for tax...
SELF EMPLOYED BUSINESS EXPENSES – WHAT CAN YOU CLAIM?

SELF EMPLOYED BUSINESS EXPENSES – WHAT CAN YOU CLAIM?

When I first mentioned that I was starting a blog about accounting one of the more popular responses (apart from the sarcastic ones) was “What business expenses can I claim in order to reduce my tax liability?” There is quite a bit of confusion around this...
Hello and welcome to my blog

Hello and welcome to my blog

I decided to start writing a monthly blog because I wanted to show that accountancy and bookkeeping need not be the scary complicated world some people believe it to be.  Each month I hope to take an area of accountancy or bookkeeping and explain it in a...