Your Accounting Questions Answered
How do I correct payroll on Xero?
We set out the correct methods for correcting payroll on Xero.
How can I make my company Dormant?
We explain the process by which a company can be made dormant.
Why is my Directors Loan Account overdrawn?
Or said another way, how come I owe my company money?
What is Pre-registration VAT?
The conditions under which VAT can be reclaimed prior to VAT registration.
Why do I have two Corporation Tax Returns to sign?
An explanation of why you may have two Corporation Tax Returns to submit with your accounts.
What dividends do I declare on my Self Assessment?
We clarify the dividend figures to put on your Self Assessment
Can I claim travel expenses for business?
Determining if travel expenses are tax deductible.
Would I be better off registering for VAT?
We answer the question of whether it is beneficial to voluntarily register for VAT.
Why does HMRC ask about ‘Associated Companies’?
What having 'Associated Companies' means for how company profits are taxed.
Are Company Directors Employed or Self Employed?
We look at how Company Directors are classed for tax purposes.
What interest does HMRC charge?
How interest rates are set by HMRC for late payments of tax.
What is the difference between bookkeeping and accounts?
We explain the difference between the two.
Why are there bills that have been paid on my Aged Payables list?
We explain why you might be seeing bills on your Aged Payables list that you know were paid.
What are Aged Receivables and Aged Payables?
We explain what the terms Aged Receivables and Aged Payables mean.
