Accounting Blog

Learn how to record tips added via card payments correctly. This guide explains tips versus service charges, proper bookkeeping entries, handling processor fees, reconciling deposits, and paying staff. Keep sales revenue accurate, tips payable clean, and your accounts aligned with POS, payroll, and bank records for modern businesses today worldwide.

Can you claim trade show expenses as tax deductions? This guide explains which exhibition costs are usually deductible, what expenses are commonly disallowed, how to handle overseas or mixed-purpose trips, and how to document trade show spending so your claims are compliant, defensible, and optimized for tax efficiency.

Taking long periods off work can trigger unexpected tax bills or refunds. This guide explains how career breaks, unpaid leave, and irregular income affect withholding, benefits, investments, and cash flow, with practical steps to plan before, during, and after time away so your tax stays accurate and stress-free overall confidence.

Unsure what “dormant” means as a sole trader? This guide explains how dormancy works in practice, what counts as trading, and which tax, VAT, insurance, and admin duties continue when you pause business activity—plus how to manage costs, stay compliant, and restart cleanly later without unnecessary stress or confusion today.

Tracking expenses doesn’t require accounting software or complex tools. With a simple, consistent system, you can understand where your money goes, catch problems early, reduce stress, and make smarter financial decisions. This guide shows practical ways to track personal or business expenses efficiently, using spreadsheets, notebooks, or bank statements alone.

Cloud storage can often be claimed as a business expense if it supports your work. This guide explains when cloud storage qualifies, how to handle mixed personal and business use, what evidence you need, and how to allocate costs correctly to avoid bookkeeping or tax problems.

Rounding differences arise when financial calculations are displayed or posted at different decimal precisions. This guide explains why penny variances occur in accounting, where they commonly appear, and how consistent rounding policies, system settings, and adjustment practices keep reconciliations accurate, auditable, and stress-free.

Income earned just before tax year end often causes confusion. This guide explains how employees, freelancers, landlords, and directors should treat late payments, invoices, payroll dates, and platform credits. Learn when income belongs to the old or new year under cash basis and accruals, with practical examples and year-end checklists.

Income earned just before tax year end often causes confusion. This guide explains how cash basis, accruals, payroll dates, invoices, dividends, rent and platform payments affect which year income belongs in, with practical examples and checklists to help employees, freelancers, landlords and directors report correctly and avoid costly mistakes penalties.