Small Business Information

A ROUNDUP OF SEED ACCOUNTING SOLUTIONS' MOST FREQUENTLY ASKED QUESTIONS. These have been collated from client emails and conversations, social media interactions and general queries. If your question isn't answered here, please get in touch via the contact form at the bottom of this page.

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Most Recent Questions
Business Basics
Expenses
Limited Companies
Popular Questions
Self Assessment
Self Assessment
Sole Traders
tax return
VAT
Working With Us
Xero

Why do we ask for pension documents when preparing your self assessment tax return?

At Seed Accounting Solutions, we aim to make sure you’re claiming all the tax relief you’re entitled to. That’s why, if you’ve told us you contribute […]

I’ve registered for VAT. What do I need to do now?

Whether you’ve registered for VAT due to exceeding the threshold (£90,000 since 1st April 2024), or you’ve chosen to register for VAT voluntarily, what you need […]

What do I need for a purchase invoice to be valid for VAT purposes?

If you are VAT-registered, keeping hold of your purchase invoices is a requirement for HMRC purposes. But what is a valid purchase invoice for VAT purposes?

What do I need to include on a valid VAT sales invoice?

You’ve registered for VAT – now you need to know how to send out a valid sales invoice to ensure you are compliant with HMRC’s VAT […]

How to close a Limited Company

Closing a limited company involves several key steps: If you would like help closing a Company down or finding out more about the closure methods, please […]

How does the HMRC agent authorisation process work

We request access to your HMRC account so that we have visibility of your account and also so that we can talk with HMRC on your […]

Do I need an accountant if I use Quickbooks or Xero?

A question that often gets asked is whether an accountant is needed if a business owner uses software such as Xero or Quickbooks. Well, the answer […]

How do I leave my accountant?

Leaving your accountant is not an easy decision to make, but sometimes it’s a very important one! The process of leaving your accountant is actually quite […]

Can I claim flights through my business?

Whether you can claim flights through your business depends on a few things. Firstly – are they wholly and exclusively for business purposes? If so, then […]

What is a P60?

A P60 is a crucial document provided by employers to their employees. If you’re working for an employer on 5 April, they are obliged to provide […]

What can I claim for staff entertainment?

One of our frequently asked questions is around staff entertainment – Christmas parties, drinks in the pub, summer social, meals out. We’re going to cover some […]

How do I record donations to charity in my self assessment tax return?

If you have donated to charity in a tax year, you might be able to claim tax relief through your self assessment tax return. In order […]

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