Category archives: Accountancy news
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2 weeks ago
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First a bit of basic accounting. All expenses fall into one of two categories and they are either REVENUE or CAPITAL and here’s a very simple summary of each:
Revenue is anything you spend on running costs such as ground rents, repairs, insurance, rates and some others which I’ll cover later.
... [read more]
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2 months ago
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If you’ve been an employee you probably had rules on what could be claimed as an expense which may have meant anything you spent on food or drink could be claimed. If you’re self employed you can still pay for these items fromthe business but they may, or may not, be tax deductible.
It can be te... [read more]
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2 months ago
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Have you done your 2020/21 tax return yet?
Sorry to be the spreader of bad news but Christmas is only ten weeks away which means the end of January deadline is just sixteen weeks from now.
For all the super organised among us that shouldn’t be a problem but most people have busy... [read more]
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