You may have heard your accountant or bank manager talk about your “balance sheet” and “profit and loss account”. What do these terms mean in plain English?
Bad accounting habits limited company contractors should give up
As the new tax year approaches, a leading accountant highlights five accounting habits that often cause problems for limited company contractors.
Company car vs. own vehicle – claiming tax relief
Many contractors travel by car for business, visiting client sites or attending conferences and training sessions. However, when it comes to claiming tax relief for the costs of these journeys, the rules can be confusing.