We are a small firm of accountants specialising in solutions for contractors, freelancers and small businesses. Our mission is to demystify the world of accounts and taxation through our down to earth, straight talking advice. We’ll also aim to keep you informed of significant industry changes and their potential effects on you as and when they arise so please feel free to check in when you can!
When it comes to claiming limited company expenses as a director of a limited company it can be challenging to figure out what you can and cannot claim. One Abacus can help to steer you through the minefield of expenses starting right here. Whilst in theory you can put almost anything through your business, in reality the company will not get tax relief on anything which is not a legitimate business expense.
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Britain is fast becoming a nation of independent business people. For many it’s a case of having to create their own job in a turbulent jobs market; for others it’s a case of wanting to branch out on their own and have more control. Either way, doing so presents you with all sorts of questions, not least of which is whether to set up as a limited company.
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Look for an accountant that appreciates the needs of contractors and freelancers; a specialist contractor accountant Contractors have very different accounting requirements and ways of working to more traditional businesses.
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If there’s one thing we know here at One Abacus, it is that correct accounting is vital for businesses. That is why we offer hassle-free accounting packages for small-to-medium-sized businesses. We believe that accounting and bookkeeping are not something you should be stressing about, particularly if you have no knowledge of these practices. Why give up your time doing something you know very little about when you could be devoting that time to what you excel at – like growing your business
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Different platforms are intended to help different types of people. For example, Xero accounting software is one of the leading providers of accountancy solutions for small businesses. It’s a cloud-based solution which allows companies to access the system from any location with an internet connection. It’s fast, flexible and saves a huge amount of administrative cost and time.
FreeAgent accounting software, on the other hand, is a great piece of software for freelancers. Managing accounts can be a major headache for any freelance contractor. This takes on all he legwork by managing invoices, expenses, and keeping track of cash-flow. As any freelancer will confirm, managing incoming and outgoing expenses is one of their biggest challenges.
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