What Are Sundry Expenses?
Sundry expenses, or sundries, include all the small, irregular, and infrequent expenses that can't fit into any other expense category.
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Catch up on the latest accounting & financial news here from Braant.
What Business Expenses Can I Claim?
If you run a business, you’ll incur different costs. As you probably know, you can claim most of the running costs as business expenses. The more business expenses you claim,...
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How To Check If A Company Is VAT Registered and Find Their Number?
If your business is VAT-registered, you may want to deal with only VAT-registered businesses because that comes with many benefits. But how do you check if a company is VAT...
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What is a Reverse VAT Charge?
While typically, the supplier of goods and services must account for VAT on their invoice and returns, in certain industries, this has recently changed, making the recipient accountable for VAT.
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Mileage Allowance Relief
There are many reasons why people need to use a vehicle for work. This can range from the obvious such as a tradesman travelling between jobs but can also include...
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Postponed VAT Accounting
If you have an import business registered for VAT in the UK, you may be eligible for postponed VAT accounting. This system can grant permanent financial benefits to your business.
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Bookkeeping Advice: How To Stay On Top As A Small Business
When you are a small business, one of your top priorities is sorting out your taxes. After all, once the tax year has finished, you will need to complete your...
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Sole Trader Vs Ltd Company: What’s Best For Your Business?
When you are setting up a new business, there are so many decisions you need to make which will impact the future of your business. After all, you want a...
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Paying Tax On Dividends For 22/23
Dividends can be a very convenient form of earning additional income. However, paying tax on them can seem challenging since it involves paying a different tax rate than on any...
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2022 Tax Changes: What You Need To Know
The 2022 Spring statement was one of the most anticipated in recent years. With inflation rising in the UK and the cost of living reaching crisis levels, Brits wanted to...
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Working From Home Business Expenses: What Can You Claim?
The amount of people working from home has risen significantly during the past decade. From saving the cost of fuel to cutting the price of business quarters, there are many...
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Benefits Of Moving To A Cloud Based Accounting System
Online accounting software which was first developed in the early 2000s has become a highly popular platform for bookkeeping and accounting. From invoicing to quoting, businesses have used these cloud...
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Sole Trader Bookkeeping: An Essential Guide
Bookkeepers offer tailored services for these sole traders, which may differ from your traditional accounting and bookkeeping services.
10th October 2023
What Is The EIS (Enterprise Investment Scheme)?
The Enterprise Investment Scheme (EIS) is a government-backed initiative in the United Kingdom aimed at spurring investment in small and early-stage companies.
17th September 2023
Understanding UK Tax Codes: A Comprehensive Guide
When you’re not an accountant or a financial whizz, tax codes aren’t common knowledge. In fact, they can simply look like a bunch of numbers and symbols that make no sense.
14th August 2023
UK Rental Income Tax: A Guide for Landlords
Taxes aren’t the most entertaining topic, especially for landlords. Mainly because they can be challenging to understand when you aren’t a trained accountant.
14th July 2023
Does My Charity Need an Independent Examination?
If you run a charity in the UK, there are certain responsibilities you have to take care of, including financial transparency and accountability.
1st June 2023
A Guide to Overseas Workday Relief
If you are a tax resident of the United Kingdom but are living overseas, you may be able to claim Overseas Workday Relief (OWR). Essentially, this means that the earnings you make during your time overseas will be deemed…
2nd May 2023
When Do I Need To Register For VAT?
If you run a business in the UK, it can be challenging to understand when to register for value-added tax (VAT). There are certain circumstances under which businesses are legally obligated to register for VAT.
4th April 2023
What Does a Bookkeeper Do?
Bookkeepers form an integral part of any finance team. The role of a bookkeeper is to keep tabs on all financial income and outgoings for a company or individual trader.
16th March 2023
What Is A Tax Reference Number And Where Do I Find It?
Each employer or pension provider has a unique set of digits used to identify their tax records with HMRC (His Majesty’s Revenue and Customs). These digits are what is known as a tax reference number.
5th December 2022
10 Ways to Reduce Corporation Tax
It’s important to be aware of the different types of tax relief available to you. In this list, we discuss how to reduce corporation tax on your business. Here are 10 ways you can reduce your company’s corporation tax.
2nd December 2022
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