When people just start out in the world of business it’s very likely you’ll hear people talking about phrases such ‘allowable expenses’, ‘tax deductible’, ‘offset against tax’ etc etc. These terms all mean the same […]
Whether you are buying or selling a business it’s imperative to know how much the business is worth to ensure you either make the correct value for the business or buy a business for what […]
As a Business Accountant I get asked this question a lot – “Is my house mortgage tax deductible because I’m self-employed and work from home?” and the answer is quite simple, but likely not the […]
Whether you’re an employer or employee it’s imperative to know the legal notice periods when a member of staff is made redundant. There are 3 categories which every employee will be categorised under and each […]
Many people jump from having a self-employed business to a Limited Company without actually needing to, others make the change too soon and some change to a Limited Company and then make a few typical […]
Bonds are typically one of those ‘things you’ve heard of’ but aren’t quite sure what they are. So today’s blog is just going to give an overview of what a bond is in the general […]
Nominal Codes (Also referred to as ‘Nominal Ledger Codes’) are specific codes assigned to each item of income/expenditure within your accounts, to help differentiate between their purpose. For example you would have one nominal code […]
When looking at business accounts there are 4 key types of profit: Gross Profit Net Profit Profit Before Tax Profit After Tax In this blog I’m going to show you what each type of profit […]
Let’s say you and your partner are both self-employed and work from home – who gets to claim those ‘use of home as an office’ expenses and how much? This is a question I was […]
Being a Business Accountant, a question I get asked a lot is ‘what is equity’? Many business owners see it written on tax returns and in spreadsheets and always wonder what it means, well it’s […]
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