Did you know that the Annual Return for Companies has been replaced by the Annual Confirmation Statement? The Annual Confirmation Statement is a longer more detailed version of the old Annual Return but it still costs the same – £13 if you submit on line or £40 if you send in by post. When do…
Read MoreHere’s a quick way to Add, multiply or Subtract using Excel – you can use the “Autosum” button on the tool bar then hover your cursor over the cell bottom right until it becomes a black cross-hair; drag down or across in order to repeat the same action for other cells!
Read MoreMicrosoft Excel is a tremendously powerful tool and even us accountants don’t use all the functionality it offers. We often do things on it without thinking and here at LeeP we thought we’d share a series of tips with you to make your life simpler if you use excel but are not quite a big…
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LeeP tip #10: #assets are what your business owns, #liabilities are what your business owes. The difference between the two = owners #equity
Read MoreWith the 5th April tax year end coming thick and fast. NOW is the time to talk to your accountant about how best to legitimately optimise your tax situation for your sole trader business. I say “Now” because you have just about enough time and options still available to you before 5th April to reduce…
Read MoreMost people will know that certain costs can be expensed against your sole-trading revenue or income to reduce taxable profits and ultimately reduce your tax liability and help you save tax. Here is a helpful guide to allowable business expenses that HMRC will normally allow. The Inspector of Taxes (HMRC) will allow revenue expenditure as…
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