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DIY Accounting Software Installation Questions And Answers
Client asked for user name and authorisation code or password when attempting to download accounting software.
The client is probably attempting to login to the paypal site or has found another area on the website where a user name and password are required such as the DIY Accounting affiliate member area. The client has made an […]
DIY Accounting Cabsmart Taxi Driver Accounts Software Questions And Answers
Do I have to enter mileage and vehicle running expenses in my taxi accounts.
Entering the mileage covered by the taxi is optional as the cabsmart package automatically chooses the most expensive cost which produces the lowest tax liability for cab and taxi drivers. The cabsmart taxi driver accounts package can be used by either […]
The Credit Crisis Is Fuelled By Fuel Prices
The threat of recession and economic disaster facing many areas of business, its effect on employment and income levels, personal debt and security of homes is solvable. If the root cause is not addressed then the financial crisis can only deepen causing financial misery throughout both the developed world and emerging nations.
Earlier this century the […]
DIY Accounting Small Business Accounting Software Questions And Answers
A number of questions are asked by clients either before purchasing or after downloading the accounting software. Many of these questions and the answers are the same the most typical of which are produced here.
Why is the monthly profit and loss account not updating from the sales and purchases entered.
Updating the profit and loss account […]
Avoid UK Tax Problems By Knowing What Business Expenses Are Disallowed
The costs of goods, materials or services purchased by a business which are for private use are not allowable for tax purposes. The disallowed element also applies to goods and materials bought for business use which are subsequently used for private use.
Payments made by the business for none business work are not allowed.
A limited company […]
Reduce UK Tax Bills By Knowing What Business Expenses To Claim
Allowable costs for tax purposes include the cost of goods bought for resale including the cost of raw materials and all costs of production after adjusting the cost of sales for changes to the opening and closing stock of stock including stores being held, work in progress and finished stock.
The adjustments of opening and closing […]
Lower Tax Bills And Bookkeeping For Small Business
Tax authorities are often relaxed about the need for small business to prepare and produce formal accounting records. Often the requirement is simply that each business retains sufficient financial records to support the accounts submitted.
Such advice from tax authorities places a burden upon small business in that the vast majority are honest hard working people […]
