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…
Read MoreAuthor: Polly Lee
I am an ICAEW Chartered accountant and qualified with PricewaterhouseCoopers in 2001. I have many years accountancy experience with big names such as GE Life, BGL Group, Anglian water, Nokia and HR Owen.
HMRC accept electronic receipts
Tip #7: save electronic copies of all your receipts in a folder by month. HMRC now accepts electronic copies #happyaccountant #bookkeeping
Read MoreFinancial 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…
Read MoreLimited company incorporation
Are you better off as a limited company? We just saved a client £2,783 through incorporation. Call LeeP for a chat! 01733 699033 #taxsavings
Read MoreMaking 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…
Read MoreAccountancy tip – practical guide to expense handling
Tip #3: Empty all your paper receipts from your wallet each week and staple them together in date order ready to send to your #accountant
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