Category Archives: Bookkeeping

Bookkeeping news from CB Reid Business Support

Allowable Business Expenses

One of the questions I am most frequently asked is what is an allowable business expense and what is not. It can get a bit confusing sometimes as even though a certain expense may be an allowable business expense, it may mean additional tax and NIC charges. HMRC stated many, many years ago that an expense had to be...
Read more

Which software?

Choosing  suitable bookkeeping software for your business can be pretty daunting - there are so many available. A word of advice - keep it simple and run through your choices with your accountant. The software package you choose must not only give you what you need to run your business efficiently: it must also provide the necessary information and...
Read more

The life of a bookkeeper

The first job this week was to sort out a load of papers in a "cardboard box" full of everything - including my client's Glasses Prescription! Got that sorted and on to software - good start with not too much missing. Next, setting up a new client onto cloud based bookkeeping.  Although I always wondered how it would all work,...
Read more

The only good thing…….

The only good thing about the current VAT rate of 20% is that it is easy to work out - just divide the total by 6 to find out the amount of VAT.  Simple as that! There are several different VAT schemes available.  If you would like us to check that you are using the one best...
Read more