Formerly a senior accountant with several public companies and finance director before semi retirement. Following a number of years installing financial and accounting software in recent years has designed a range of Accounting Software and Payroll Software for self employed business and small limited companies in the UK

Not all expenses can be claimed as valid business expenses for tax purposes. In a number of areas there is a grey area when an expense could be a business or private expense or may be a business expen...

Tax bills can be reduced if all allowable business expenses are included in costs and receipts retained as supporting evidence. While all business expenses can be claimed it would not be unusual for p...

Common questions and answers from clients of DIY Accounting regarding the payroll software, many of the clients having never previously operated a paye system.

DIY Accounting small business accounting software package is a series of accounting templates written on excel accounting spreadsheets, suitable for UK self employed business whether producing an auto...

Financial record keeping and bookkeeping by small business is occasionally accurate but often produced once a year for tax purposes. By maintaining a diary, retaining all receipts and updating the acc...

Much of the financial crisis in the world is caused by a lack of confidence between banks and financial institutions and their clients which are symptoms of the credit crunch not the root cause. Chang...

Maintaining accounting records can be difficult for any business, especially self employed and small business organisations where a lack of accounting knowledge can be prohibitive. Selecting the right...

HMRC published new self employment tax returns in April 2008 to replace the previous self assessment tax returns for self employed business in the UK. The self employment tax returns are applicable fr...

An employer who has doubt over status of a worker being an employee or self employed may face potential serious penalties if the status is changed

After forming a company in the UK the directors have a number of immediate responsibilities in regard to the newly registered company. Share certificates should be issued, statutory registers implemen...

Employees in the UK who use their own vehicle for work can claim tax free expenses. If an employee keeps records of business journeys and the amounts paid by an employer the employee may also be entit...

Mileage allowances are approved rates at which anyone in the UK using a private vehicle for business journeys can claim tax free expenses for that journey. Small businesses can legally increase the ta...

From 1st April 2008 for small limited companies and 6th April for unincorporated self employed businesses in the UK the previous capital allowance structure of first year allowances and writing down a...

There are several ways a business can improve profitability. The single most important tip for a small business owner is to take time out from the day to day routine and focus on the business and its ...

Rules apply to dormant companies in the UK with regard to accounting documents and submission of information to companies house that needs attention even if the company has not traded during its finan...