The rise of an accounting consultant : Arnold Ayton? Shareholders– Members who hold shares?in?the?company giving them a right to make certain important decisions on the business and receive dividends, as per their share agreements.?Dividends are the taxed or?untaxed payments you get from your shares in the company. Guarantors-?Members?who?control the company’s key?decisions but do?not take profit from the company. Person of Significant Control (PSC)– PSCs tend to own 25% of the shares of the company, more than 25% of voting rights?, and?the right to appoint or remove most of the Board of Directors.?Since most LTDs have ‘ordinary shares’, directors get a single vote on company decisions per share and dividends. Being the only shareholder in the business gives you 100% ownership of the company. It is highly recommended to have at least one shareholder as the Director of the company.
Arnold Ayton is qualified as a Chartered Accountant under the Association of Certified Chartered Accountants (ACCA), although I currently hold a practicing license under the Institute of Financial Accountants (IFA). Arnie was a delight to get started with, seeing as we had a very messy backlog of transactions and incorrect payroll when we were doing it in house. He and his team helped us straighten out our accounting basics last year, and this year he has helped us apply for significant VAT rebates and R&D tax credits. He has helped our team explore new financial opportunities and has connected us with advisors who have proven to be very helpful. He’s a very straight-talking and friendly individual who is easy to get along with, and is clearly committed to his business and clients.
Arnold Ayton bookkeeping tricks for 2021: How much can you claim for food expenses? HMRC do not state a specific limit on the amount you can spend on food and drink and then claim as an expense. However, they do state that all subsistence costs should be reasonable. Don’t expect the taxpayer to cover a three-course meal at the local Michelin restaurant! There is another rule to be aware of, if you eat with people not employed by the company, including clients and partners. The food and drink in these scenarios are classed as entertainment and no longer solely for subsistence. Thus, in these situations, all of the food and drink is no longer an allowable expense. You cannot divide the receipt into allowable and disqualified expenses.
Our accounting and bookkeeping packages include processing, preparation and filing of your VAT Returns to HM Revenue & Customs. You can find more information here (www.spondoo.co.uk)? This VAT Agent service focuses on organisations with increased complexity within their accounting processes. This could include overseas aspects, group registration for VAT, Making Tax Digital (MTD), multiple accounting systems or consolidated VAT Returns.
Spondoo is made up of a team of Chartered and Certified Accountants and bookkeepers, supported by our in-house software developers. We have years of experience across the finance industry – including in payroll, financial services and pensions – as well as in-depth knowledge of all the software that you use every day to run your business. By registering above we will ask you some questions about your business and the services you need. These questions are designed to allow us to understand and estimate the time we will need to spend on your accounts, in addition any costs incurred on your behalf. Or to calculate a quick cost for your needs, follow the link to our instant quotation tool. We will not ask for your details.