Having a separate bank account for your business expenses and income keeps your business spending separate from your personal spending and enables you to easily see if your business spending is exceeding your business income.
Now that the tax year 2021 to 2022 has come to an end its time to start gathering information to complete your tax return.
All employees are entitled to paid holiday which begins to build up as soon as they start their employment. This includes casual workers who may work one day a week or are on a zero hours contract and work only when needed or when they want to.
Health insurance is often offered by employers but is it an allowable business expense.
Bookkeeping, keeping financial records organised and up to date, is a vital part of any growing and successful business.