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
Read MoreAccountancy tip#2 – recording expenses
Tip #2: record your expenses as soon as you incur them. Take a pic & use an app like Receipt bank – links to your #accountants #QuickBooks
Read MoreAccountancy tip #1 Mileage and expenses
Tip of the day #1: everytime you make a business journey, keep track of the mileage. Each mile reduces your taxable income by 45p meaning you will ultimately keep more of the income you have worked hard for! Call LeeP for more tax efficient advice 01733 699033
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