Phoenix Debola Accountancy Practice

Accountant | Tax Specialist
Phoenix Debola Accountancy Practice has written 148 posts for Phoenix Debola

BTC is dropping…

The value of bitcoins (BTC) is dropping – Coinbase Exchange, 17 Jan 2018 11:32, records a dip of £6,723.80 since last month – and alternative crypto coins, aka altcoins, are following the leader (see Coinmarketcap.com for comprehensive details). However, be aware that dumping your wallet now not only generates lower income, it may make you … Continue reading

Recharging Expenses and VAT

Recharging expenses occurs when you ‘recharge’ your expenses to your customer eg travel fare or hotel bills.Note that recharges are not disbursements. If you are VAT-registered, there are VAT consequences to be aware of when processing recharges. Using three expenses: You were charged £100 + £20 VAT (for perhaps hotel accommodation); You were charged £30 … Continue reading

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