Category Archives: Limited Company

Bookkeeping, Limited Company, Xero

What do you need to do for our accounts, surely it’s all done in Xero?

Posted on by Sharon Baker
26
Jul

What do you need to do for our accounts, surely it’s all done in Xero? The beauty of Xero is how easy it is to use, so you may think we don’t need to do anything. All the transactions are in Xero, and you’ve been keeping it up to date all year. Sure we could […]

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Limited Company, Self Assessment

Can I use company funds to instal solar panels?

Posted on by Sharon Baker
09
Feb

You’re working from home and feel that you’d be more energy efficient if you purchased solar panels for your home. This would also allow you to continue to work from home when power cuts occur. Can you use company funds to pay for installing solar panels? TL:DR No time to read? Our quick advice would […]

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Limited Company, Self Assessment, Tax

What can I claim for working from home?

Posted on by Sharon Baker
use of home
18
Aug

You’re working from home, and incurring expenses to do so, so what can you claim through your business? You have 2 options: 1. HMRC approved rates 2. Claiming a percentage of your household bills. So let’s look at each in turn. 1. HMRC approved rates The easiest way to claim for working from home is […]

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Limited Company

Should my registered office be my home address?

Posted on by Sharon Baker
26
May

You’re about to set up your limited company, and you’re being asked for your Registered Office address. You’ve either got a business location, or you’re working from home, but you may still be wondering if you should use your home address as your Registered Office. Firstly what is a Registered Office address? Your registered office […]

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Limited Company, Tax

I’m thinking of converting my garage into an office

Posted on by Sharon Baker
Garage to office
17
Mar

You’re thinking of giving up your rented office and converting your garage in to an office instead, so can you put the cost through my business?   Many business owners are looking at different options around working from home, and around 44% of UK workers are reportedly working from home, or hybrid working (source ONS.gov.uk). […]

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Limited Company, Tax

Can my business pay for a garden office?

Posted on by Sharon Baker
garden office
10
Mar

Many people are working from home, either fully remote, or a hybrid of office and home working. So we’re asked a lot whether your business can pay for the garden office. We’re also asked about converting your garage into a home office, so check out our blog on garage conversions here. You’ve found a beautiful […]

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Limited Company

Implications of setting up a second company

Posted on by Sharon Baker

You already have one limited company that you’re the director and shareholder for. But what are the implications of setting up a second company? There is a lot to think about, so let’s break it down into manageable chunks: Record Keeping Each company should have completely separate bank accounts, customers, suppliers and record keeping. If […]

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Business Growth, COVID19, Hospitality, Limited Company, PAYE, Personal Tax, Tax, Uncategorized, VAT

Autumn 2021 Budget: what does it mean for your small business?

Posted on by Sharon Baker

The Autumn Budget 2021 was announced on 27 October 2021, but what does it mean for your small business? Well, for starters, most of the main announcements were leaked in the days leading up to the Budget, and some changes for 2022 onwards were announced in the Spring Budget 2021. But let’s look at the […]

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