Knowledge base

A ROUNDUP OF SEED ACCOUNTING SOLUTIONS' MOST FREQUENTLY ASKED QUESTIONS

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  • Most Recent Questions
  • accounts
  • bank
  • benefits
  • Business Basics
  • corporation tax
  • Employee Benefits
  • employees
  • employers
  • Limited Companies
  • LLPs
  • Monthly Packages
  • Payroll
  • Personal Tax
  • Popular Questions
  • Self Assessment
  • Software
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  • Startup
  • tax return
  • Tax Saving
  • VAT
  • xero

What are Trivial Benefits?

Trivial Benefits are gifts, or benefits, given to employees of a Limited Company that have a value of up to £50. There are several conditions applied […]

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Do I need to declare income received from renting a room in my property?

If you choose to rent a room in your property under the Rent a Room Scheme, you can earn up to £7,500 per tax year and […]

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Can Seed Accounting Solutions register me for self assessment?

Yes we can! We are often asked if we can register people for self assessment. This might be because they have started earning employed income over […]

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Why is using software better for my sole trader business?

We recommend using software even if you are self employer (or a freelancer, or a sole trader, or a solopreneur – whatever you wish to call […]

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Why do I have two Corporation Tax Returns in my first year?

In your first year as a limited company, you will have two corporation tax returns to prepare and submit. This is because a Corporation Tax period […]

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Why do I need to provide you with bank statements for my accounts/tax return?

When we prepare a set of accounts, we will always ask you for bank statements. In fact, when we ask this question, we are requesting bank […]

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What is a P11d?

A P11d is a HMRC form used by an employer to inform HMRC of any expenses and benefits that an employee has received throughout the year. […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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latest knowledge base

What are Trivial Benefits?

Trivial Benefits are gifts, or benefits, given to employees of a Limited Company that have a value of up to £50. There are several conditions applied […]

Read more

Do I need to declare income received from renting a room in my property?

If you choose to rent a room in your property under the Rent a Room Scheme, you can earn up to £7,500 per tax year and […]

Read more

Can Seed Accounting Solutions register me for self assessment?

Yes we can! We are often asked if we can register people for self assessment. This might be because they have started earning employed income over […]

Read more

Why is using software better for my sole trader business?

We recommend using software even if you are self employer (or a freelancer, or a sole trader, or a solopreneur – whatever you wish to call […]

Read more

Why do I have two Corporation Tax Returns in my first year?

In your first year as a limited company, you will have two corporation tax returns to prepare and submit. This is because a Corporation Tax period […]

Read more

Why do I need to provide you with bank statements for my accounts/tax return?

When we prepare a set of accounts, we will always ask you for bank statements. In fact, when we ask this question, we are requesting bank […]

Read more

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