Bad debt(s) will mean that a customer owes you money, however for some reason you are unable to collect it. Within QBO, this will result in you having a debt owed to you which you know you aren’t going to get paid for. To write this balance, or ‘bad debt’ off, the remaining balance will…Read More
Open banking regulations came into impact on March 14th 2020. Since then, most people with bank connections to QuickBooks will have noticed a difference to the way that their accounts are connected, whether that be that the connection now runs uninterrupted for 90 days without security needed, or that the bank feed is no longer…Read More
Venture Capital Trusts (VCT) are investment companies, listed on the London Stock Exchange, that aim to provide higher income earners with the opportunity to invest their money into smaller businesses in exchange for favourable tax breaks. VCT’s look to collect money from individual investors/groups and re-invest the funds into smaller UK businesses in order to…Read More
There has been a large increase in the number of landlords purchasing a property in limited companies rather than personally in the past few years. This is mainly due to the changes in finance relief available for buy-to-let properties as set out in the 2017 budget. In this blog, we detail the key differences in…Read More
The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.
Robert Kiyosaki
