by Juliet Wylie | 31st July 2020 | Bookkeeping, Tips and Tricks, Xero
‘Open Banking’ can sound a little bit scary at first. When you’re thinking about banking, you’re not thinking “Hey I’d like my finances to be out in the open thanks”. Don’t worry – that’s not what it means. Although it sounds sketchy, Open Banking actually...
by Georgi Rollings | 15th July 2020 | Accounting, Bookkeeping, VAT
Your business ‘turnover’ is not your ‘profit’, though often we find the two can be confused. ‘What is turnover?’ is one of those questions candidates get asked on Dragons Den, and many business owners on the show get muddled trying to explain it. We get why! It’s...
by Georgi Rollings | 2nd July 2020 | Accounting, Bookkeeping, Limited company, Sole trader, Tips and Tricks
If you are using Xero you will probably have heard that this is the market leading cloud accounting software in the UK. You may be expecting minor miracles, where everything is easy to do straight out of the box. You should have immediately seen improved visibility...
by Georgi Rollings | 19th August 2012 | Self assessment, Sole trader, Start ups
Do you travel for your business? If so you should make sure you understand what the main tax deductible travel expenses are – and what you can’t claim. The main rule is that the travel can’t be to your normal place of business. So if you are...
by Georgi Rollings | 4th August 2012 | Accounting, Bookkeeping, Business Planning, Sole trader, Start ups
Today, I finally stopped procrastinating, and I defrosted the freezer. Its the first time its been defrosted, and we bought it a few years ago (don’t ask how many…). And defrosting it took a long time, and a lot of hard work. If only I hadn’t kept...