Accounting for Small Businesses in the UK

Claiming Fines and Penalties as a Business Expense

In this episode, we explore whether fines and penalties can ever be claimed as a business expense and where directors need to be careful. Using real-world examples such as parking tickets in company vehicles, we explain the tax rules, what HMRC allows, and the common mistakes businesses make when recording these costs. We also discuss the responsibilities of directors when dealing with company expenses, the difference between allowable and disallowable costs, and the potential consequences of getting it wrong. A practical and easy-to-follow episode for business owners and company directors looking to stay compliant while understanding the rules around business expenses. DeWyatt Financial Services [https://www.dewyattfinance.com/booking] For all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for you Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

End of Year Accounts and Directors Responsibilities

This episode covers the End of Year accounts for small businesses and also touches on the recent changes, upcoming changes and impact on Director responsibilities.  These changes will make a massive difference for the average company director and it is something that people must be aware of. We also discuss the liabilities of directors who do not pay attention to their accounts and get it wrong.  If you need any further help with this sort of issue or would like to make sure that you don't need to worry about this. Contact us here: www.dewyattfinance.com DeWyatt Financial Services [https://www.dewyattfinance.com/booking] For all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for you Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

Directors Loan Account

An overview of the Directors Loan Account.  What it is, how it works and how to use it to your advantage as a founder or small business in the UK. We also cover the tax implications and correct management of the account.  We hope this helps and if you need any accounting and bookkeeping for your small business, please contact us: www.dewyattfinance.com Email us: enquiries@dewyattfinance.com PLEASE NOTE: This podcast is voiced by AI generated voices. Information and podcast script by DeWyatt Financial Services. We hope you enjoy and find it useful.  DeWyatt Financial Services [https://www.dewyattfinance.com/booking] For all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for you Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com

Navigating Making Tax Digital

This podcast gives you an overview of the new changes to self assessment taxes for those earning over £50,000 per annum.  This is introducing you to the new world of MTD (Making Tax Digital). This podcast gives you an overview of the rules, how MTD works and what you can expect from it.  Please note, please see a registered accountant or financial professional if you need further support with MTD.  Please note: this episode has been created using AI generated voices.  DeWyatt Financial Services [https://www.dewyattfinance.com/booking] For all of your bookkeeping and accounting needs. We offer bookkeeping, accounting services for you Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you. If you found this helpful and want to see if we can help you and your business, contact us here: enquiries@dewyattfinance.com  Reception: 07533 020639 www.dewyattfinance.com