What expenses can I claim for meals while out on the road or staying overnight?

Lady walking with suitcase holding a notebook

If an employee or company director is required to travel for work or work remotely for an extended period away from their usual office, their employer might cover expenses such as accommodation, meals, transportation, and other essential costs, referred to as subsistence. Subsistence while working away from the office typically refers to the necessary expenses incurred to sustain oneself while … Read More

What do I need to prepare my year-end accounts?

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Preparing year-end accounts is a crucial task for all businesses. It is a meticulous process that requires attention to detail and accuracy. To ensure a smooth and accurate year-end accounting process, here’s some essential steps and considerations: Why is it important to prepare year-end accounts? Preparing year-end accounts is a meticulous process that requires attention to detail and accuracy. You … Read More

Can I pay for Spotify and Amazon Prime through my Business?

lady with feet on desk listening to music with headphones

We often see clients that put Spotify and Amazon Prime subscriptions through their business as an expense, because they use them in their everyday business life, but are they an allowable business expense? In the world of business and taxation, it’s no secret that managing expenses is crucial in maintaining profitability. Business owners often rely on tax deductions to ease … Read More

Paying for fuel through a business without a company car

someone putting fuel in white car

Many business owners find themselves using their personal vehicles for work-related tasks. While it may seem convenient to pay for fuel through a business account when you don’t have a company car, it’s crucial to follow the proper procedures by submitting an expense claim instead. How should I report my business travel? If you do not have a company car … Read More

Feeling concerned about doing my own bookkeeping as a business owner

As a business owner, it’s natural to have a range of emotions and concerns when it comes to doing your own bookkeeping. This task can be overwhelming, particularly if you lack formal accounting or finance training. Concerns about making errors or not having enough time and energy to dedicate to bookkeeping can be quite common. But it is important to … Read More

Can I buy my staff a coffee or a gift?

Do your regularly buy your staff a takeaway coffee or a lunch treat? Or there may be special occasions when you want to give them a small gift. But how would you account for this as a business? In today’s competitive job market, businesses are constantly seeking innovative ways to attract and retain top talent. While salary, career growth opportunities, … Read More

Why it is important for charities to keep accurate accounting records.

Accurate accounting is essential for any business, but it is especially important for charities. Charities rely on donations from individuals and businesses to fund their operations and achieve their mission. In order to maintain the trust of their donors and stakeholders, charities must be transparent about how they use these funds and demonstrate that they are being used for their … Read More

QuickBooks Desktop shutdown looms as accountants ponder alternatives

Intuit has announced that it will discontinue QuickBooks Desktop for UK customers and that full support would only be available until 30th June 2023. This will have a big impact on thousands of UK customers who currently use QuickBooks Desktop. The feeling among users is that they are being forced into using a cloud-based version. Although cloud-based platforms are constantly … Read More