Tag Archives: Company director

Proper Books and Records

Miley Sirus didn’t keep proper books and records. Sure, he only had a modest income and couldn’t afford a professional bookkeeper. Is that last sentence a fact or is it fiction? Let’s explore what Revenue wanted, the money at play, and the result of the case. I will introduce you to Miley Sirus The Appeal

Universal Social Charge

Happy tax consultant with books

The Universal Social Charge [USC] came in after the financial crisis. It was to be a temporary tax and used to bolster the government finances. This was at a time of frequent visits by members of the IMF. But what was temporary has now become permanent. The USC is a tax, plain and simple. There

Deed of Covenant

Parents and child

What is a Deed of Covenant? A client asked us that question during the week. It’s a question we have on our Income Tax checklist. We send a checklist to clients to fill in before we complete their Income Tax returns. It got me thinking about covenants and the tax benefits for the payer and

What Can I Claim VAT Back On?

VAT return

What can I claim VAT back on is a common question posed to us. The bookkeeping team here is well-versed in claiming VAT back for clients. They do this every two months for most clients and VAT can be quite a complex area with all the different rules. There will always be queries when it

Bookkeeping – Do You Need Help?

Bookkeeping process

With bookkeeping do you need help? Gone are the days when one person can keep on top of all the changes coming thick and fast. Arriving like an express train into your inbox from the well-oiled Revenue machine. Let’s look at What is bookkeeping? Current system The good, the bad & the ugly Time for

Keeping Proper Books & Records

Tax man chasing a business woman

Keeping proper books & records is the law. It’s not something that is nice to do or something you’d like to do. It’s a must and is something that can give you very valuable commodities. Those commodities are money, time, and confidence. When I say it’s the law, there are plenty of pages and sections

How Xero will change your life for the better

The difference Xero makes to the lives of business owners can’t be overstated. The digital accounting software has been created specifically for entrepreneurs, designed to free up your time and give you a treasure trove of actionable insights. We’ve already looked at how cloud accounting will help your business, but let’s get more specific: here’s

How will cloud accounting help my business?

XERO

In 2024, using spreadsheets for your business accounting is clunky and inefficient. Desktop-based programs like Excel require extra hours and effort that could be spent developing your business. The answer? Digital accounting software. When operated correctly, this cloud-based technology streamlines your finances and yields reliable data you can use to your advantage. Let’s look at

Payroll – It isn’t Easy

Payroll package

Payroll. It isn’t easy you know. I see it as a mixture of IT, Payroll, Tax, and HR. Payroll is something I love doing. There’s great satisfaction in helping clients and their employees. A small difference in take -home pay can prompt a call to find out what’s going on. We are in an era

Revenue Focus Areas for 2024

Looking Glass

We’ll have a look at some of the Revenue Focus Areas for 2024. Some of the usuals continue to appear and it doesn’t take a genius to know why. There are a few new target areas too. You may know some of these. Revenue have so much information on us that they could do a