Allowable Business Expenses

As we approach the end of lockdown and life starts to return to normal, so does our work life. With an increase in business meetings, travel, and staff returning to the office full time, it’s important to remember which expenses are allowable for tax purposes and which are not. More business meetings could mean clocking up…Read More

Trivial Benefits

A Father’s Day tax exemption  With Father’s Day fast approaching, the trivial benefits exemption could be a tax-efficient way to treat your dad if he is an employee or director of your company.  Expenses or gifts, provided by employers, to employees or directors may not need reporting to HMRC if they meet all these requirements:  Does not exceed £50   Is…Read More

Using Tags in QuickBooks

In QuickBooks Online, transactions can be tracked using a new feature called “Tags” Tags are personalised labels that allow you to track how your money is being used. These tags can be added to transactions such as invoices, expenses, and bills to help you analyse where your money is being spent. If this feature doesn’t…Read More

Quickbooks: Banking Tab Updates

Some Quickbooks users may have noticed that over the last couple of months that the banking tab is looking a little different. There have been a few changes to help make managing transactions even easier.As well as some obvious cosmetic differences, there are a few new features that you may have missed: 1. Simplification of…Read More

Flexible Furlough For Directors

Up until now, company directors have been able to furlough themselves and carry on doing their director duties, provided they are doing no income-generating activities. This is still the case, however, with the introduction of a new phase of the furlough scheme, they may wish to consider the option of ‘Flexible Furlough’. Here we explain…Read More

COVID-19 the numbers

The numbers behind the covid-19 pandemic The Coronavirus has pushed the world into a downward financial spiral and plagued global societies with financial uncertainty, loss and great sadness. Many international governments and health organisations are doing all they can to not only stop the spread but to also provide support and stability to those also…Read More

Robert Kiyosaki

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