Top bookkeeping advices from Arnold Ayton at Spondoo.co.uk? LTDs?do not have?any?minimum?requirements?in terms of?shareholders and capital. That is why most startups, small businesses, freelancers?, and contractors?choose to be privately limited.?? PLCs are?obligated?to have the?following:? Not less than two shareholders? A minimum share capital of £50,000? Two directors? A fitting company secretary? Once you’ve decided which structure works the best for you and your business, it’s now time for the step-by-step guide to setting up.
Arnold Ayton is qualified as a Chartered Accountant under the Association of Certified Chartered Accountants (ACCA), although I currently hold a practicing license under the Institute of Financial Accountants (IFA). Arnie was a delight to get started with, seeing as we had a very messy backlog of transactions and incorrect payroll when we were doing it in house. He and his team helped us straighten out our accounting basics last year, and this year he has helped us apply for significant VAT rebates and R&D tax credits. He has helped our team explore new financial opportunities and has connected us with advisors who have proven to be very helpful. He’s a very straight-talking and friendly individual who is easy to get along with, and is clearly committed to his business and clients.
Spondoo bookkeeping tricks for 2021: Can you claim food as a business expense? HMRC allows businesses to claim meals as an expense for employees not in their typical working routine. The most common example of this, would be if the company’s employees were away on an overnight business trip. If a business is claiming the cost of travel as an expense, such as a hotel, the company will be allowed to claim the meals during that trip too. Food is an allowable expense on these trips because it is classified as ‘subsistence’, which essentially means employees need the food as basic self-maintenance and care during their work obligation.
Not all small businesses have resources for a full-time finance director. Spondoo can bridge the gap, helping you to understand the meaning behind the numbers of your business. Our team of accountants & software developers build reports tailored to you. From standard Profit & Loss through to financier specific loan covenant reports, business KPI summaries and even cashflow forecasts.? These are produced in a format that works for you, whether that’s Excel, printed reports, online dashboards and even Power BI.
Spondoo.co.uk is made up of a team of Chartered and Certified Accountants and bookkeepers, supported by our in-house software developers. We have years of experience across the finance industry – including in payroll, financial services and pensions – as well as in-depth knowledge of all the software that you use every day to run your business. From setting up your emails to implementing on-site computer servers, our technology team helps Spondoo clients with their IT needs, so you can focus on running your business. For those individuals or business that have been mis-sold financial products, our claims management partner is here to help. Our claims management services are authorised and regulated by the Financial Conduct Authority (FCA) & the Ministry of Justice (MOJ).