What is a sole trader?
Operating as a sole trader is a common starting point for many businesses. This guide explains what sole trader status means, your tax responsibilities and how records should be managed. Contact North Devon Accounts to discuss whether this structure suits your plans.
Can I claim an expense if I don’t have the receipt?
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,...
Why do I need an accountant?
When starting a new business most people are told to get themselves an accountant. However, many people wonder 1, what an accountant can actually do for them and 2 if they really need one so why do I need an accountant? So what will an accountant do for me? Everyone...
Quickbooks ProAdvisor Status
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...
Exploring The Reasons Why Bookkeeping Is Essential in Business
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...
5 top tips for doing your own bookkeeping
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...
Sole Trader, Partnership or Limited Company?
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...
Accounting Terms Explained
Accounting Terms Explained - as accountants, we are often guilty of using a lot of terminologies which makes very little sense to a lot of people. Many clients have expressed a need for a simple guide to accounting terminology so hopefully this will help. Accounts...
What is a profit and loss account?
A profit and loss account shows how your business is performing over a set period. This guide explains what it includes, why it matters and how North Devon Accounts helps business owners use financial data to plan ahead with confidence.
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