Mark

Sep 23

What you need to know about a director’s loan

By Mark Advice, Company Directors, P11D, Tax

When your company is limited the money belongs to the business and you cannot just help yourself to funds. If you need money in addition to your salary or dividends…

Mar 29

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April 2022: changes for your business

By Mark Advice, HMRC, National Insurance, News, P11D

As the government makes announcements months in advance it’s easy to forget the changes for your business faces. So you can be forgiven for overlooking or even forgetting deadlines until…

Sep 23

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How to write off bad debt

By Mark Advice, Cash flow

Bad debt is the term given when customers or clients either can’t or won’t pay. But how do businesses end up with bad debt? Many businesses use credit terms –…

Sep 23

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What’s the difference between and accountant and bookkeeper?

By Mark Advice, Uncategorized

Many business owners need a range of services to help them run their business, including an accountant and bookkeeper. For some of our clients from across the UK, we look…

Sep 23

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How long should I keep business accounting records?

By Mark Advice

Running your own company means keeping accurate business accounting records. Failing to keep track means you can’t file accurate accounts to HMRC. It also means you don’t know where your…

Sep 23

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What you need to know about mobile phone expenses

By Mark Advice, Business Expenses, P11D, Self-employed

Business owners need to keep in touch with clients and suppliers so a phone is necessary – but what about mobile phone expenses? While an office landline is straightforward and…

Sep 23

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Do the self-employed need a business bank account?

By Mark Advice, Self-employed

Becoming self-employed is a bold step and you may be wondering whether you need a business bank account.Looking after your finances is essential if you are working for yourself because…

Sep 24

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All you need to know about benefits in kind

By Mark Advice, Company cars, P11D

If you’re employing people in your business you pay them salaries or wages – but some may also receive ‘benefits in kind’ (BIKs). BIKs, often called ‘perks’, are part of…

Sep 24

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What to do if you’re struggling to pay your tax bill

By Mark Advice, HMRC, Self-assessment, Tax

Many people submitting self-assessment returns maybe struggling to pay their tax bill. The 31 January deadline is difficult at the best of times, thanks to the Christmas break interrupting payments.…

Sep 24

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You must declare Covid grants on your tax return

By Mark Business grants, Hacks, News, Tax

As the clock ticks towards the self-assessment return deadline, HMRC is reminding those people awarded Covid grants they must declare them. Anyone receiving some or all of the first three…

What you need to know about a director’s loan

April 2022: changes for your business

How to write off bad debt

What’s the difference between and accountant and bookkeeper?

How long should I keep business accounting records?

What you need to know about mobile phone expenses

Do the self-employed need a business bank account?

All you need to know about benefits in kind

What to do if you’re struggling to pay your tax bill

You must declare Covid grants on your tax return

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