Mileage Self Employed

Can I Claim Mileage When Self Employed?

Yes, you can absolutely claim Mileage when you are self employed for all your business travel. The Self Employed mileage allowance when you use your...
What is Stock in Accounting

What is Stock in Accounting?

What is Stock? Stock is the value of goods you have on hand ready to sell to your customers.  Not all businesses hold stock, it...
trade debtors

What is a Trade Debtor

A trade debtor is a customer who you have invoiced for a sale of your goods or service but has not yet paid you. Your...
What is a Liability

What is a Liability in Accounting?

What is a Liability? A liability in accounting represents items which a business must pay for.  All liabilities of the business are shown on the...
what is an asset

What is an Asset in Accounting?

What is an Asset? In accounting an asset is something of value to a business.  Depending on the type of asset they may bring value,...
Why Your Balance Sheet Matters

Your Balance Sheet Matters. Here’s Why.

Your balance sheet is a key piece of publicly available financial information.  It provides a snapshot of the financial status of your Company and...
purpose of balance sheet

What is the Purpose of a Balance Sheet?

The purpose of a balance sheet is to show a snapshot of the financials of a business on a particular date.  The balance sheet...
what are current liabilities

What are Current Liabilities?

What are Current Liabilities? Current Liabilities are debts on the balance which sheet that a business owes and needs to repay, usually within one year of...
what are current assets

What are Current Assets?

What are Current Assets? Current Assets are items on the balance sheet that are either cash or readily convertible into cash, usually within one year...
Business customer gifts tax allowable

Are Gifts to Business Customers Tax Allowable?

Gifts to business customers are tax allowable however they must meet certain conditions as set out by HMRC: The gift must be no more...

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How Much Can You Claim for HMRC Uniform Tax Rebate

You may be able to claim a HMRC tax rebate on the cost of cleaning, repairing and replacing your uniform, as well as any...
P87 HMRC Online Form

P87 HMRC Online Form

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