Hi HEEEEEELP I am only going to start doing bookkeeping but i cant seem to get an agent code. Because i am not qualifed ACCA i am half way through my exams. I want to register clients for self assessment but not sure what the procedures are. I have few clients that want me to register them for sole traders an...
I just saw an interesting email from a big employer this morning. It says when claiming travel expenses and refreshment allowances it should be claimed as a taxable allowance. Now, is it just me or would travel only be taxable if it was to the primary place of employment. Surely to a temporary place o...
Hello thereIs it possible to claim back expenses for stuff I purchased for the business previous to starting the business upIf so then 1a. Is there a time limit I can go back to claiming my old recites 1b. same question as above but for VAT 2a. Are the expenses pull though all at once along with your firs...
As the world is moving towards digital solutions, Ive been thinking about how we can manage and store digital records for bookkeeping purposes. Id love to hear your thoughts on the best practices when it comes to organizing digital invoices, receipts, and financial documents for small businesses...
Managing finances in the real estate sector can be complex and time-consuming. Whether you're a property manager, real estate agent, or investor, maintaining accurate financial records is crucial for your success. That's where professional real estate bookkeeping services come in. This blog...
Effective bookkeeping is the backbone of any successful business. However, even the most diligent bookkeepers can fall victim to common data entry errors that can lead to inaccurate financial records and poor decision-making. Understanding these pitfalls can help you maintain accurate books...
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Good Morning All, Those eagle-eyed members among you might have noticed a change to the site this morning! New Website I'm pleased to confirm that the BKN website has had a complete site redesign, which has created a new and improved platform for the network. New Domain Name You may be aware that...
Hi,Where is everyone? Not visited for a while, but where is everyone? I remember this being a vibrant community helping newbies. Is anyone still here?Kris
Begin with working on research data and on chapter guidelines. Plan the article in a way that every section of it is properly researched and written in the most effective manner possible. Be sure to check that you are on track continuously and you are good to go. This way, it becomes easier to organize t...
Hello Book-keepers, Here is a question from Book-Keeping for Dummies: Question: On 31 March, you sell £5,000 worth of goods and receive £5,000 in cash. Write down the journal entries for this transaction. My answer is: 31 March Debit the cash account £5,000 31 March Credit the STOCK account £5,000...
TLDR: Sole trader, cash accounting basis, and questions around accounting for and claiming travel expenses. Annual turnover is small, only around £5,000, with a loss in Year 1 of trading. Under cash basis accounting, as input into the self-assessment tax return, how should travel expenses be acc...
Company secretarial services are essential for ensuring that your business remains compliant with legal and regulatory requirements. These services go beyond administrative tasks; they are a vital component of corporate governance. At XactAccountants, we offer comprehensive company secr...
Hello,I have a client who wants to buy a cheap (£4-£5k) through his business. He will use it at least 50% for business. Can anyone kindly confirm the best course of action please? At the moment he claims business mileage at .45mmp. However with he can't claim cap allowances, so would it be better once th...
Dissolving a company is a significant decision, and the DS01 form is the key to officially closing your business. With the DS01 online process, you can now apply for company strike-off from the convenience of your home or office, making the process quicker and more efficient. Before you begin, ensu...
Appointing a director is a critical step in the growth and management of any company. Directors play a key role in guiding the companys strategic direction, making important decisions, and ensuring compliance with legal obligations. Identify the Right Candidate First, identify a candidate who...
As tax season is upon us, many of us are faced with the task of selecting the right tax services provider. With so many options available, it can be overwhelming to determine which service best fits our needs, whether were filing as individuals or managing a small business. I wanted to share some thoug...
Good afternoon,It's with great pleasure that we announce the winners of the BKN BookkeepingAwards.co.uk 2015: The results are as follows: 1. Book-keeper of the Year Winner:Joanne McCormick (Fallows Hall)Runners Up:Frauke Golding (Golding & Associates)Shaun Morris (Croxley Morri...
Hi guys,, Im just curious does still your clients send pdf bank statements in pdf Files ? Or you ask for csv excel format / link bank account directly to accounting software ? Or is it just that some clients prefer pdfs ? Thanks
I saw this update online and it's really a good news. The Companies House has allowed three months extension for filing accounts due to Covid-19 issues. This pandemic has greatly affected many business operations so filing of accounts may encounter difficulties. The extension is very helpful as i...
