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Can I Reclaim VAT on Vehicles and Fuel for my Business?

One of the most complicated areas of VAT and tax deals with vehicles, and the fuels that they run on. But as…

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Leasing a Car Personally versus Through Your Limited Company

Should you lease a car in your own name or do it through your company? This is one of the questions our…

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What Do Small Business Owners Really Know about Expenses?

Business owners almost always incur costs during the course of their work. Although most business expenditure is allowable, which means it is…

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Expenses and Relief for Employees Working from Home

Working from home is commonplace for some businesses, and second nature for freelancers, sole traders and the self-employed. For some businesses though,…

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Understanding Accountancy Terms: Overheads

Overheads are the costs required to run your business that aren’t directly related to the product or service you provide. Your overheads…

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Can Freelancers Claim for Travel Expenses?

If you’re a freelancer, or about to start freelancing, you may be able to claim for your travel expenses. For employees this…

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The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

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VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

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