Chichester Accountant and Bookkeeper

Call : 01243 201 401
Email :
B for Bookkeeping

 
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Reference FreeAgent on-line bookkeeping solution

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FreeAgent Partners for over 10 years

 

 

Tips and Tricks

 It is all about the bank account!

The bank account is central to managing your accounts in FreeAgent, Xero and Quickbooks. Get the bank account correct and you are half way there!

Paying yourself Dividends

So how do you get your money out the company?

The most efficient way would be to pay yourself (if you are a Director of a Limited Company) Dividends.

For more information on how to manage your dividends

Claiming Business Expenses

All costs incurred on behalf of your business can be reclaimed through claiming expenses form you business

Some Examples:

- Travle, Mileage, 45p per mile

- Home office Cost, a monthly rental for using your own home

- Accomodation and meals when away from home

- Your mobile, should be in the company name

and how about Business lunches ... some information from FreeAgnet on what you can claim

Our advice, if you think its a business expense, use your company debit card to pay for it!

Taxes

We advise you save as you go along, simple I know but hard.  We have found setting up a saving account helps. Pay into it regularly and reduce the dreaded VAT and Corporation tax bill stress.

FreeAgent has a Tax timeline to see what tax deadlines are coming up and to understand what you need to have put aside to pay your tax bills.

Payroll

All the softwares have basic payroll solutions which are great for a company with two Directors and maybe a couple of employees. If you have more than two staff, pay more frequently than once a month or have staff paid on hours not salary, we use Payroll manager to support you.

What do tax code mean?

CIS - Construction Industry Scheme

The CIS - Construction Industry Scheme (CIS) sets out the rules for how payments to subcontractors for construction work must be handled by contractors in the construction industry.

For more information on how to manage your CIS 

 

Cloud Bookkeepers and Accountants since 2009!

 

© Copyright B4Bookkeeping Ltd. All Rights Reserved.

B4Bookkeeping Ltd

Tel : 01243 201 401

  1 Lincoln House, Chichester Fields, Tangmere, Chichester, West Sussex, PO20 2FS
Company Reg Number : 9151684. VAT Reg Number: 192 380 988. MLR Reg : 12847995

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