Your Accounting Questions Answered
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.
Do I need a Government Gateway?
A Government Gateway is a way to submit to HMRC and view information held by HMRC.
Should I charge VAT on grant income?
VAT on grant income should be considered on a case by case basis.
Does my dividend income fall in this tax year?
Understanding on which tax year dividends income should be declared
Should I charge VAT when I invoice for expenses?
Should I charge VAT when I invoice to reclaim expenses?
What is the Trading Allowance?
There is no tax to pay on the first £1k of trading sales. If your sales as a Sole Trader are less than £1k …
