What, no receipts? The world doesn’t collapse, the sun will still shine (somewhere), and hopefully you will still be alive tomorrow. OK, so it is a problem for record keeping, but HMRC do have a wee little answer to this – mainly for employees, but potentially could be used for
Are you over-claiming travel expenses? Now this is a biggie for the employed and self-employed, so pay attention. This has been around since 1998 so it should not be a surprise but it is either ignored or just not known about. It all relates to claiming travel costs to a
Do we have to write this stuff? Writing out procedures and processes very rarely get the specific qualified attention they deserve. They tend to be the afterthought in a business or if somebody has some time to spare. After all, it’s not just the time it takes to get them
When I was at school, the plural of person was people, so it is one of my pet hates that “persons” has crept into the English Language and is even used on the BBC! It is now embedded in law, care of the Small Business Enterprise and Employment Act 2015.
What is the Difference Between Expenses and Staff Benefits? Last weeks post was all about the end of the P11d dispensation, but then we got questions about what is an expense and what is a benefit, so beware – this is a long post. Staff costs are one of
Well, the P11d dispensation ! An employer is required to inform HMRC of all expenses paid to an employee, even if those expenses are incurred in the performance of their duties and on the employers’ behalf – wholly, exclusively and necessarily. This means that the employee has no choice but
This is a question that comes up time and time again, and it depends on what you want out of your system, or out of your business. Choices are vast, from Sage, Xero, FreeAgent, Quickbooks, Clearbooks, Kashflow, Freshbooks or even just the humble excel file. It is often a personal
I get asked a lot by parents whose children work in the theatre or in films about whether the children are supposed to pay tax, and what happens about the costs the parent spend in order to get tax relief for these costs wholly & exclusively incurred. There is a
Sometimes it can be an uphill struggle to get owners of growing businesses to understand the need for sturdy & documented business processes to not only help when things need to get done but also when things go wrong and need to be corrected. The definition of the word “process”
I’ve done it myself – got rid of items (mainly clothes) that I no longer fit into in order to declutter the wardrobe, garage, loft and other hiding places for this stuff. I could spend a week doing it – no, maybe a month. I’m then left with what am
The spreadsheet has been built for the self employed performer to be able to capture their costs in an ordered fashion which will make it easier to complete the page in the self assessment tax return.
