As a self-employed person do you ever wonder what expenses you are allowed to deduct from the income you earn? Do you worry that you are not claiming everything you could? Or perhaps worry that you are claiming things that you shouldn&#…

There is a vast array of accounts software available for keeping your accounts which can be overwhelming if you don't know what you need to do or the best way of doing it.

Both an accountant and a bookkeeper have valuable roles to play in your business and generally you need both and not one or the other. A very simple explanation of their roles is

We have been working with Xero accounts software for a number of years and have found it to be very valuable to some businesses. So what are the benefits for our customers?

The provision of clothing to yourself or your employees is not a tax deductible expense. If you provide clothing it must be declared as a benefit on a P11D and Class 1A National Insurance Contributions will be paid. Your employee's tax code wil…