The Importance of Tax Planning when running a limited company
Tax planning affects how limited companies manage liabilities, cash flow and future decisions. This article explains why forward planning matters for directors and how professional support can help avoid issues later. Contact North Devon Accounts for tailored tax planning advice.
What expenses can I claim against my rental income?
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...
What Is Making Tax Digital?
So what is making tax digital? Well In his March 2015 budget the Chancellor announced that this was "the end of the tax return as we know it". The key change is that businesses will be required to digitally file tax returns on a quarterly basis. So what does making...
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.
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...
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...
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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