Oct 1, 2018 | Information
What expenses can I claim against my rental income? We are often asked which expenses are allowable costs against rental income. There are many that are allowable but it is important to understand the difference between a CAPITAL expense and a REVENUE expense. For...
Jul 9, 2018 | FAQ, Sole Trader
A sole trader is an individual who trades on his/her own on a self-employed basis. If you start working for yourself as a sole trader, you will own and run your business as an individual and will keep all the business’ profits after taxes. A sole trader is: liable to...
Jun 28, 2018 | Business Start Ups
Can I claim an expense if I don’t have the receipt? What happens when you can’t find a receipt for a business expense? Don’t panic, you may still be able to claim for some expenses without a receipt. You never received a receipt Sometimes you don’t receive a receipt,...
May 22, 2018 | Information
If you are self-employed and work from home you can claim home office expenses on your tax return. Which home office expenses are tax deductible? Mortgage or rent Utilities – gas and electric Council tax Telephone and broadband Water Property repairs How much can I...
Mar 13, 2018 | Information
North Devon Accounts expertise in Quickbooks has been recognised with the awarding of Quickbooks ProAdvisor Status. This means that we are qualified providers of Quickbooks. Our services include setting up your Quickbooks account, training for you and your staff and...
Mar 6, 2018 | Information
What is Bookkeeping and its Benefits? Keeping accurate financial records is crucial for any business, large or small. Proper bookkeeping services help companies track and monitor their finances, reducing the risk of errors and confusion. In this guide, discover why...
Feb 28, 2018 | Information
Here are 5 top tips for doing your own bookkeeping, doing your own bookwork can seem a daunting task when you are starting a business. However, good bookkeeping is crucial to the day-to-day running of a business. Here are five top tips to help get you started. Start...
Feb 27, 2018 | FAQ, Limited Company, Partnership, Sole Trader
So you’ve decided you want to be your own boss and work for yourself. Now what? Are you going to be a Sole Trader, Partnership or Limited Company? One of the first decisions to make is how you are going to trade. You can be a sole trader, form a partnership with...
