As an accountant working closely with various businesses and individuals across the UK, one question that frequently arises is whether specific expenses can be claimed as tax-deductible. One such expense that generates curiosity among clients operating through Limited Companies is the purchase of reading glasses (I wear glasses myself and I can’t work without them).

So let's explore if you can claim reading glasses as a tax-deductible expense, in line with HM Revenue and Customs (HMRC) guidelines.

Just as you thought that you had made it to the end of January and that you could forget about government rules and regulations for a day or two, Companies House comes rocketing out of left field with a whole slew of new regulations. Oh joy!

These only apply to those of you who conduct your business as a limited company and are therefore obliged to adhere to the rules laid down concerning entries on your company records.

By: Esmerelda Doman

On the 16th of January 2024, Annja presented a workshop at EGG in Edinburgh on the subject of tax self assessment. Now this isn’t always a subject that brings joy, however her enthusiasm for all things accountancy won the day!

I watched the funniest show at the fringe last week, called the Drag-queen Accountant. It was a lovely show and very funny.

I love when people can laugh at how bizarre their profession can be. Hope everyone had a great time at the fringe.

Because of the training we did this month, we thought it will be a good idea to remind our clients that as directors of their limited companies, what their roles are.

Strategic Decision-Making:

Directors of small limited companies play a crucial role in shaping the strategic direction of the business.

I don’t know what else to say other than I have really missed taking the time to write this newsletter. Sitting down and writing our company newsletters was like writing to friends and telling them about things that can make their lives easier.

I can only apologise for being so quiet, and I promise to write more 😊

So here goes….

I am not a social media butterfly and don’t like sharing my life with the world, but this month I want to share something that I have never done before, that made me very proud. I took our 3 kids mountain biking (the blue path so nothing fancy) in the Glenlivet estate in the Highlands, Scotland.

If you know me, you will appreciate how out of my comfort zone that was. And I loved it. That made me think of how important it is to do things that are out of our comfort zone. It makes you see the world differently and appreciate things we take for granted.

Submitting your self-assessment in April might seem strange for some people, but I love being prepared :-).

We are ready, so let's get your self-assessment done and dusted so that 2022 can be awesome!

I would like to encourage all our lovely clients to get their self-assessment done as soon as possible.