MZW Bookkeeping

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MZW Bookkeeping

Freelance Bookkeeper

15/02/2024

Hope everyone enjoyed Valentine's Day ♥️

27/01/2024

Allowable Expenses for Self Employed

You can deduct the below running costs from your Income as long as they are business related.

➡️ Office costs - printing, stationery, postage, phone bills

➡️ Travel costs - fuel, parking, train or bus fares

➡️ Clothing expenses - work uniforms for you and/or your employees

➡️ Staff costs - salaries or subcontractor costs

➡️ Things you buy to sell on - cost of sale - stock or raw materials

➡️ Financial costs - insurance or bank charges

➡️ Costs of your business premises - heating, lighting, business rates

➡️ Advertising or marketing - website costs, leaflets, business cards

➡️ Training courses related to your business

➡️ Accountancy Fees

✅ You cannot claim expenses if you use your £1,000 tax-free ‘trading allowance’

✅ In order to deduct the above Allowable Expenses you need to collect the receipts and/or purchases invoices

✅ You can opt for “simplified expenses” for your vehicle cost, working from home, living in your business premises. Refer to gov.uk website for flat rates you can use

*** This is just general information, and doesn't cover everything in detail. It is worth to seek advice from an accountant ***

24/01/2024

High Income Child Benefit Charge in a nutshell

With only a week away from filing and paying for tax return, it is worth mentioning that self assessment is also required if you, or your partner (1), are on a high income and one of you receives Child Benefit

📝 High Income threshold is £50,000 and over - this is your adjusted net income (2)
📝 whoever has the higher income is responsible for paying the tax charge.
📝The charge is equal to 1% of a family’s Child Benefit for every £100 of adjusted net income over £50,000 each tax year (3)
📝To pay the charge, individuals must submit a Self Assessment tax return each tax year, even if they are employed, and normally pay their tax through Pay As You Earn (PAYE).
📝 Deadline for filing and paying for tax year 2022/2023 is 31st January 2024.

*************************************************

(1) ‘Partner’ means someone you’re not permanently separated from who you’re married to, in a civil partnership with or living with as if you were.
(2) Your adjusted net income is your total taxable income before any allowances and not including things like Gift Aid. Your total taxable income includes interest from savings and dividends.
(3) If an individual’s adjusted net income is over £60,000, the charge equals the total amount of the Child Benefit.

For more information go to www.gov.uk or contact a bookkeeper and/or accountant.

13/01/2024

Are you ready for....?

Self Assessment for tax year started on 6 April 2022 and ended on 5 April 2023 ✅

⏳ Online tax return for the year 2022/2023 must be submitted to HMRC by midnight on 31st January 2024.

⏳ Remember you will also need to pay any tax you owe by this date.

⏳Worth to know, there is usually a second payment deadline of 31 July 2024, if you make advance payments towards your bill (known as ‘payments on account’).

⏳ What if you are struggling to keep your bookkeeping up to date?
Gather all your invoices (for any sales/income you have made throughout tax year), purchase invoices and receipts (expenses) and bank statements.
Hand it all to your bookkeeper (for example myself) and/or accountant. We are here to help you, to meet the set deadline and avoid paying any penalties for late submission and payment.

21/12/2023

🎄I hope you are all enjoying the festive season. All the best in 2024🎄

31/10/2023

🎃🎃 Happy Halloween 🎃🎃

👻 Is your BOO-kkeeping giving you chills
🏚️ Are you haunted by unposted and missposted receipts
🧙‍♂️ Do you get tricked by spooky double entry.
🫣 Does the horror of bank reconciliation give you nightmares.

🧟‍♂️🫣🧙‍♂️🧛‍♂️🦇🕸️💀🕷️☠️🍭⚰️🎃🔮🤡🦴😈

😱 If you're screaming YES now...
🍭Treat yourself to 1️⃣0️⃣% discount on my bookkeeping services*

* Ends 31 October 2023 at 11.59pm.

✉️ [email protected]
📞 07505912112

P.S. Halloween "Hey Duggee" pumpkin because my little boy is obsessed with it 🥰😅 daddy did a great job! 👍

08/10/2023

*** SPAM ***

This gentleman, Damian Wilkerson, recommended MZW Bookkeeping today, connecting it to some investment support by Kayla Williams.

Please do note MZW Bookkeeping has NO connection with Damian Wilkerson nor Kayla Williams. Has never met or seen these people.

MZW Bookkeeping services does NOT include any investment advice nor investment activities.

MZW Bookkeeping does NOT operate and/or provide services abroad/different currency. The company is based in UK.

This is spam and has been already reported.
This has been posted as a review, which I'm currently trying to be taken off by Facebook.

Please let me know/report any similar misuse of MZW Bookkeeping, when you notice any.

30/09/2023

🍂🍂 with October being just around the corner is time to think about Self Assessment 🍂🍂

Below is a list of important dates to keep in mind when it comes to preparing and submitting the tax returns.

If you are self employed or just in need to prepare and submit your self assessment, please do keep in touch with me and I will help with this task.

✉️ [email protected]
📞07505912112

🌐https://www.linkedin.com/in/mzw-bookkeeping-miab-887700223

🌐https://www.facebook.com/profile.php?id=100092250248171

🌐https://www.linkedin.com/company/mzw-bookkeeping/

19/09/2023

Spending today's rainy day at Accountex in Manchester.
Lots of seminars, interesting stands and people to learn from.
Very happy to be part of bookkeepers and accountants community. Love my profession ♥️

08/09/2023

I have been out off office, celebrating my big fat 4️⃣0️⃣🥳
Back on Monday 11th September, older and wiser 🙃😎

Services
* General Bookkeeping
* Accounts Receivable, Accounts Payable
* Bank Reconciliation
* Payment Runs
* VAT preparation and submission
* Annual Accounts preparation
* Liaising with Accountant and/or Auditor

Contact
✉️ [email protected]
📞07505912112

🌐https://www.linkedin.com/in/mzw-bookkeeping-miab-887700223

🌐https://www.facebook.com/profile.php?id=100092250248171

🌐https://www.linkedin.com/company/mzw-bookkeeping/

07/08/2023

Celebratory drink after signing contract with my first client 🥳🥂

Setting up your own business is not easy. The load of admin and marketing activities, from new venture idea to finalising first agreement, is time consuming and huge task.
I am beyond proud of myself to be able to share my first little success. Never doubt in yourself.

I can take enormous financial, bookkeeping and accounting pressure off any company.
If you feel overwhelmed by these tasks and would like to focus on running your small or big enterprise, please get in touch:

✉️ [email protected]
📞07505912112

You can also find me on Facebook and LinkedIn

🌐https://lnkd.in/eTwbpnkS

🌐https://lnkd.in/e4mYMYRr

🌐https://lnkd.in/epYkZYz9

Address

Knottingley

Website

https://www.linkedin.com/company/mzw-bookkeeping/

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