Get to know Arnold Ayton and some of his bookkeeping thoughts? Shareholders– Members who hold shares?in?the?company giving them a right to make certain important decisions on the business and receive dividends, as per their share agreements.?Dividends are the taxed or?untaxed payments you get from your shares in the company. Guarantors-?Members?who?control the company’s key?decisions but do?not take profit from the company. Person of Significant Control (PSC)– PSCs tend to own 25% of the shares of the company, more than 25% of voting rights?, and?the right to appoint or remove most of the Board of Directors.?Since most LTDs have ‘ordinary shares’, directors get a single vote on company decisions per share and dividends. Being the only shareholder in the business gives you 100% ownership of the company. It is highly recommended to have at least one shareholder as the Director of the company.

Arnold Ayton is qualified as a Chartered Accountant under the Association of Certified Chartered Accountants (ACCA), although I currently hold a practicing license under the Institute of Financial Accountants (IFA). I understand Arnie is a very busy accountant and has a lot on his plate. As a result, he can sometimes take a little bit of time to respond during busy periods. However, he has always been prompt with urgent matters and we have not overrun any deadlines whilst we have had him as an accountant. For the non-important requests we make, perhaps an automated/stock reply saying that he’s seen our message and is getting around to the topic would be appreciated rather than feeling obliged to answer with a fully formed response.

Spondoo.co.uk accounting tricks in 2021: You can claim food and drink during your travel only. For example, you can claim the cost of a sandwich at a petrol station on the motorway or an evening meal at a hotel. But you cannot claim the costs involved preparing a meal at home and then taking it with you on the business trip. Can you only claim food for overnight trips? Food expenses are not exclusively allowable on overnight business trips. You can claim food and drink expenses if the employee is working away from their habitual place of work, even if they do not stay overnight. The location must be at least five hours from their usual place of work. But remember, food and drink are only an allowable expense during the course of the journey. You will not be allowed to return home and then claim a meal on the evening of that same day.

Most Spondoo accounting packages already include a certain amount of bookkeeping support. If you are an existing Spondoo customer, please talk to your Account Manager about increasing your bookkeeping capacity.? Whether you use Spondoo’s bookkeeping service, another accountant or have internal staff, our team will ensure your monthly and quarterly records are in good shape.? We can take over responsibility for periodic Balance Sheet reconciliations, leaving your existing bookkeepers to focus on the day-to-day processing transactions.? We can raise any issues during the year that may increase your year-end accounting costs.

Spondoo.co.uk is made up of a team of Chartered and Certified Accountants and bookkeepers, supported by our in-house software developers. We have years of experience across the finance industry – including in payroll, financial services and pensions – as well as in-depth knowledge of all the software that you use every day to run your business. By registering above we will ask you some questions about your business and the services you need. These questions are designed to allow us to understand and estimate the time we will need to spend on your accounts, in addition any costs incurred on your behalf. Or to calculate a quick cost for your needs, follow the link to our instant quotation tool. We will not ask for your details.