Tag: Business Tips

Understanding current tax rates is important, but small business owners also need to make sure company income tax and personal income tax estimates stay separate in their books. Mixing the two can make your profit, cash position and tax obligations difficult to understand, especially at tax time. A company has its own income, expenses, taxable…

Company Structure Bank Accounts and Credit Cards should be kept separate from personal banking if you want clean bookkeeping and clear company records. When business income, personal spending and company expenses move through the same accounts, reconciliation becomes harder and the true financial position of the business can be difficult to see. This matters when…

Company Director Loan Accounts: What Your Bookkeeping Records Should Capture starts with one practical rule: every movement of money between a company and a company director should be recorded clearly enough to show who owes whom, why the transaction occurred and what evidence supports it. When business spending and a director’s own personal interests become…

Capital Gains Tax on Shares is easier to manage when your buy, sell and supporting records are complete. Clear records help your accountant calculate a capital gain or capital loss, identify the financial year and prepare your tax return. For share investors, Capital Gains Tax (CGT) is part of income tax, and net capital gain…