Everyone has to start somewhere, especially when it comes to business. Some of the biggest organisations in the world were started by one or two people, for example Microsoft was bootstrapped from Bill Gates’ tiny garage with a friend, and everyone knows how that story pans out.
If you’re in the process of starting a small business, one of the most important aspects is that you must keep on top of us your company’s finances. Efficiently and accurately tracking your cashflow is vital to your success, as well as being important from a tax and legal perspective.
There are lots of exciting things to focus on during the early stages of a business, so why not let us focus on the boring paperwork?
Why Use Dead Simple Accounting
Dealing with finances is no easy feat considering the amount of paperwork and legalities involved. Dead Simple Accounting leaves you to take care of your small business, while we take care of the boring stuff.
We work with lots of SME businesses, and are one ourselves, so we know the unique challenges you may face. We also understand the ways in which you can be efficient with your expenses to help reduce your overall tax bill.
We’re also experts when it comes to calculating risk and forecasting growth, giving you everything you need to create a successful and sustainable business.
Don’t want to take our word for it? Let our five-star ratings across Google and Facebook do all the talking.
At Dead Simple Accounting we charge just £275 including VAT for self-assessment tax returns, and can take you through the entire process.
If you’re interested in other services, such as setting up a company or payroll, head over to our quote page for a free and instant estimate.
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What Expenses can Small Businesses Claim?
There are a number of expenses you can claim as a small business that can help to reduce your tax bill and allow you yo reinvest into your company. Below are some expenses you may be able to claim:
- Office costs
- Such as stationery, phone bills, equipment, rent
- Travel costs
- If travelling solely for business, such as visiting a client
- Accountancy fees
- Business premises costs
- Such as internet, electricity, heating
- Advertising & Marketing
- Training and materials
- Such as industry magazine subscriptions and courses
- Insurance and bank charges
- Staff costs
- E.g. salaries
- Uniform costs and maintenance
Generally speaking, if something is solely for business use then it’s likely it can be claimed as an expense. It’s important that you keep on top of your paperwork, so ensure you save all receipts and invoices and snap a picture of them as a backup.
Need Further Help?
If you have further questions or require assistance concerning accountancy for small businesses, be sure to get in touch with us as soon as you can!
These days there’s an abundance of tools and resources at your disposal, software that handles your invoices and expenses, to mobile based banks that cut the boring paperwork.
We only work with the best of the best, and have partnered with several big names to offer you various goodies when signing up.