Month: February 2017

Keep business and private expenses separate

Tip #8- keep business vs out-of-pocket expenses separate. If your records are inspected by HMRC, they will check whether your bank balance in your accounts match the actual bank balance. Call LeeP to find out how we can help you keep things in order. 01733 699033 Or visit us at www.leepfinancial.com to see our affordable…

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VALUE ADDED TAX

If your taxable turnover is £83,000 or more over a 12 month period then you must register for and charge VAT to your customers. Contact LeeP to see how this impacts you! 01733 699033 If you do need to be registered for VAT then LeeP can do all the applications and submit your quarterly returns…

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Financial admin work

LeeP tip #18- set aside 1 hour the same time every week to go through your books, receipts and invoices. This instils great habits and you will spot any sticky payers early, avoid paying your suppliers late and will remember what you spent on those miscellaneous transactions much easier! Call LeeP if you’d like assistance…

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Making Tax Digital – th results

Hot off the press! HMRC announced the results of the consultation around the Making Tax Digital rollout.  1) All non- VAT registered landlords and soletraders will need to comply from April 18.  2) VAT registered businesses get until April 2019 and; 3) limited companies need to comply from April 2020.  So that means quarterly returns…

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