This list is not exhaustive but it’s pretty comprehensive. Feel free to let me know what may have been left out. Accountant’s and Bookkeeper’s fees. Advertising, publicity, brochures, photographs, business cards and flyers. Agents commission. Bad debts (included in turnover). Bank charges. Books not retained for more than two years. Bulbs, fuses, locks, keys, plugs, … Continue reading
Recently, a former nightclub dancer was confronted with back taxes and penalties of over fifty seven thousand pounds (£57,000) after years of non-declaration; apparently, she didn’t know that non-British citizens and students paid income tax. The non-payment issue only came to light when she applied for citizenship and needed to prove her tax status. If … Continue reading
