Advice

Browse 42 Advice about Bookkeeping

Overdrawn director’s loan accounts 11 Mar 2019 Bookkeeping, Tax - When running a business the directors, might need borrow money from the company or vice versa. These transactions should be tracked via the director’s loan account.
What can be done with business losses? 6 Mar 2019 Bookkeeping, Tax - There are different kinds of relief that can help your early stage business reduce your losses.
Director’s loan accounts: recording personal expenses 25 Feb 2019 Bookkeeping, Tax - Expenses and cash payments incurred on behalf of a director can look ambiguous to HMRC, so it's very important to keep accurate records of all your transactions.
The importance of keeping good business records 20 Feb 2019 Bookkeeping, Tax - Regardless of whether you're running a business as a sole trader, in partnership or as a limited company, it's vital to keep complete and accurate records of your business transactions. This way you'll be sure to pay the correct amount of tax to HMRC and avoid unwanted fines.
Paying mileage allowances tax free 14 Dec 2018 Bookkeeping, Employment, Tax - If the employee is travelling with a company car and the employer meets the fuel costs, this can be done tax-free as long as the costs don’t exceed HMRC’s advisory rates, which are updated quarterly.
5 Tips For A Better Cash Flow Management 7 Oct 2018 Bookkeeping, Strategy - The most common cause of failure for SMEs is the lack of working capital to cover everyday costs of the business.

Join our community of 4,000 + Founders, Entrepreneurs & Advisors. Refreshingly simple financial insights to help your business soar.