Get your records in order Record-keeping is a vital for every self-employed person. You have a range of legal obligations when it comes to record-keeping – but entirely apart from this, the Self Assessment process will be significantly easier if you have the relevant documents easily to hand, and organised in an effective way. The…
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Self-Assessment Tax Answered
How much do I have to earn to declare my income to HMRC? Good news if you earn £1,000 or less from an income source, not only do you not have to pay income tax on it, you also do not need to declare it to HMRC! If you do earn more although you will…
Read MoreTrivial expenses are not so trivial…
Did you know that as an employer, you can now provide trivial benefits such as a bunch of flowers, a box of chocolates, a meal out, gift voucher etc without having to put it on the P11D and without any tax or national insurance for either employer or employee. The employer will also be entitled…
Read More31 January 2018 Tax Deadline
31 Jan is nearly here! It’s the tax deadline but have no fear! If you need a really good accountant give LeeP a try. We keep our prices fixed, we are not sly. So go ahead and be merry Enjoy your turkey and even a sherry Rest assured your accounts are in good hands So…
Read MoreVAT reminder
For those businesses operating the VAT Flat Rate Scheme with your VAT quarter ending 30 Sep. Remember to check your qualifying spend this quarter to ensure you are not caught by the new Limited Cost Trader rules. If you haven’t spent enough on qualifying spend then NOW is the time to do this before 30th…
Read MoreLeeP Accountant’s Top 6 Bookkeeping Tips To Make Your Accountant Happy!
LeeP Accountants top tips for a healthy relationship with your Accountant! It’s no secret that business owners have to wear many hats – and most would agree that the least exciting of those hats is the bookkeeper’s. A recent survey of businesses conducted by the ICAEW indicated that the #1 thing that slows down business growth…
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