LeeP tip #19- even if you aren’t officially appointed as a director – if you act as one then you are required to follow the directors code of conduct
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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…
Read MoreVALUE 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…
Read MoreHMRC 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
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