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

From November 2023 HMRC will remove paper VAT registration

Ladies hand with pen in completing a form

From November 2023, HMRC (Her Majesty’s Revenue and Customs) has advised that businesses and their agents should apply for VAT registration through the VAT Registration Service, as the paper VAT1 form will be removed. HMRC has stated that “it’s the quickest, most secure, and easiest way to register, and over 95% of their customers already use this service)”. You will, … 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

Are you a business owner who dreads doing your accounts?

Lady at desk looking at files

Are you a business owner who dreads doing your accounts? Don’t worry, you’re not alone. Many people find accounting tedious and boring. But it doesn’t have to be that way! How can I make doing my accounts more interesting? Here are some tips for making accounting a bit more fun and interesting: Why do I find doing my own accounts … Read More

Being a Disability Confident Committed Employer

In today’s diverse and evolving workforce, creating an inclusive environment is no longer just a moral imperative. One crucial aspect of fostering inclusivity is being a Disability Confident Committed employer. What is Disability Confident? Disability Confident encourages employers to think differently about disability and take action to improve how they recruit, retain and develop disabled people. It was developed by … Read More

New Changes the to VAT online account from Monday 15th May 2023

From Monday 15th May 2023 there are new changes to the VAT online account, and you will no longer be able to use your existing VAT online account to file your annual VAT returns. All VAT-registered businesses must by law, now use Making Tax Digital (MTD) compatible software to keep their records and file VAT returns. What do you need … Read More