can anyone advise me on company expences? Do you send them to Accountant monthly or yearly?
This might sound silly to some of you, but I'm starting up my own company, Thankyou
Small Business - 2 Answers
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Answer 1 :
keep all receipts for everything to do with your business and hand them in to your accountant quarterly that's 4 times a year and pay the taxes you owe and bob is your fathers brother and keep the tax receipts in a box file safe for inspection
Answer 2 :
You can hand them in once a year or less. To keep your expenses down regarding paying your accountant, hand em over once a yr. If you do your job during the year and keep all receipts and separate them into large envelopes clearly marked then it makes their job, and time, substantially less. If you need or want to keep exact and up-to-date records throughout the year, hire a bookkeeper and drop your stuff there every month. Accountants are expensive and many small businessess use a bookkeeper throughout the year and the accountant at the end of the fiscal year.
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