Accounting for Small Businesses in the UK

In this episode, we explore whether fines and penalties can ever be claimed as a business expense and where directors need to be careful. Using real-world examples such as parking tickets in company vehicles, we explain the tax rules, what HMRC allows, and the common mistakes businesses make when recording these costs. We also discuss the responsibilities of directors when dealing with company exp...

This episode covers the End of Year accounts for small businesses and also touches on the recent changes, upcoming changes and impact on Director responsibilities.  These changes will make a massive difference for the average company director and it is something that people must be aware of. We also discuss the liabilities of directors who do not pay attention to their accounts and get it wrong. ...

An overview of the Directors Loan Account.  What it is, how it works and how to use it to your advantage as a founder or small business in the UK. We also cover the tax implications and correct management of the account.  We hope this helps and if you need any accounting and bookkeeping for your small business, please contact us: www.dewyattfinance.com Email us: enquiries@dewyattfinance.com PLEASE...

This podcast gives you an overview of the new changes to self assessment taxes for those earning over £50,000 per annum.  This is introducing you to the new world of MTD (Making Tax Digital). This podcast gives you an overview of the rules, how MTD works and what you can expect from it.  Please note, please see a registered accountant or financial professional if you need further support with MTD....