Like previous years we’ve updated our allowable costs for your Christmas Party blog. To make sure that the costs for your Christmas Party qualify as allowable there are just a few simple rules to follow. The Rules The party or event needs to be open to all employees It is an annual occurrence but doesn't have to be at Christmas The event mustn’t … [Read more...]
Planning for a Mortgage when Self Employed
Securing a mortgage can be hard enough at the best of times. Couple that with being self employed and the whole process could turn into a bit of a nightmare unless you’re well prepared. We regularly help clients with providing an accountant’s reference which most lenders will require if you are self employed. This usually shows the last two or three years financial data, … [Read more...]
Simple guide to closing a company
Many people set up a limited company with very high hopes of business success. Unfortunately such success is not guaranteed and can elude some, resulting in the need to close the company. If your company is no longer needed, has no debts and has stopped trading then closing the business should be easy and straight forward. In these circumstances the closure of … [Read more...]
10 tips to make sure you get the right accountant for your business
If you are running a business, doing the accounts is an essential part of your operations. Unless you have a background in accounting or tax, keeping up to speed with all of the necessary laws, rules and regulations that you have to comply with can be a drain on your time. Time that you could better spend running your business. Getting an accountant onboard can help; … [Read more...]
Do you know how to produce an invoice?
It might seem simple, but if you’ve never produced an invoice before, how would you know what to include? Should I include the word ‘Invoice’ in big letters at the top? All invoices should be clearly marked with the word ‘invoice’ to make it obvious to the recipient that it is a request for payment. Using sufficiently large letters at the top of the page is a good … [Read more...]
What is a dormant company?
I regularly see the term dormant company used incorrectly. Things like: “Can I declare my company dormant?” “I have a few transactions but want to file dormant accounts” Unfortunately the term “dormant” is often misused and perhaps misunderstood. So what is a dormant company? The definition of importance is the Companies House one: A company is dormant if it has had no … [Read more...]