A ROUNDUP OF SEED ACCOUNTING SOLUTIONS' MOST FREQUENTLY ASKED QUESTIONS

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What information is needed to complete the employment section in the Self Assessment Tax Return?

If you are employed, and have to submit a self assessment tax return to HMRC each year, there is certain information that we will require in […]

The Flat Rate Scheme for VAT – an overview

The Flat Rate Scheme for VAT has been designed for small businesses to reduce the admin burden. Eligibility To partake in the Flat Rate Scheme, you […]

Can I claim an eye test and glasses through the business?

Yes and no. You can pay for an eye test through your business if you believe that it will enable you to carry out your work […]

Can I give a gift to a team member?

Gifting to employees and directors: In summary: Directors are allowed to receive products or vouchers up to £300 PER YEAR. This does not have to be […]

Can I give a gift to a client?

Can you give a gift to a client and claim the tax back on it? THESE RULES APPLY TO ALL BUSINESS TYPES: Gifts of food, wine […]

What isn’t covered in our monthly fees?

Our monthly fees covered unlimited support and advice – but where does this stop? Our unlimited advice and support element is limited to what can be […]

I have lost my Companies House authentication code – what should I do?

A Companies House authentication code is required to file accounts and a confirmation statement, and make changes to the Company. This is a code made up […]

Can I claim for training and development expenses in my business?

This can be quite a complex area so we would recommend contacting us, or your existing accountant for full information on your circumstances. In summary however: […]

How does National Insurance work if I am self-employed and employed?

If you are both employed and self-employed, you need to ensure you tell HMRC the correct figures. You are charged Class 1 NICs on any amounts […]

How do I set up my bank feed in Xero?

This is the best place to find out how to add your bank account in Xero. Once you follow this link, there is another link on […]

I sell digital services/products – what do I need to do for VAT?

If you sell digital services (such as downloadable documents, training courses etc) through your own website/shop to individuals in the EU (non-UK) you must register for […]

Do I have to register for VAT?

In the UK, the VAT threshold is currently set at £85,000 (for the 20-21 tax year). This means that if your taxable turnover in a rolling […]

latest knowledge base

What information is needed to complete the employment section in the Self Assessment Tax Return?

If you are employed, and have to submit a self assessment tax return to HMRC each year, there is certain information that we will require in […]

The Flat Rate Scheme for VAT – an overview

The Flat Rate Scheme for VAT has been designed for small businesses to reduce the admin burden. Eligibility To partake in the Flat Rate Scheme, you […]

Can I claim an eye test and glasses through the business?

Yes and no. You can pay for an eye test through your business if you believe that it will enable you to carry out your work […]

Can I give a gift to a team member?

Gifting to employees and directors: In summary: Directors are allowed to receive products or vouchers up to £300 PER YEAR. This does not have to be […]

Can I give a gift to a client?

Can you give a gift to a client and claim the tax back on it? THESE RULES APPLY TO ALL BUSINESS TYPES: Gifts of food, wine […]

What isn’t covered in our monthly fees?

Our monthly fees covered unlimited support and advice – but where does this stop? Our unlimited advice and support element is limited to what can be […]

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