Tag Archives: profit

The Accountancy Jargon Cheat Sheet

The-Accountancy-Jargon-Cheat-Sheet

Too many accountants use words and jargon that business owners just don’t understand (and don’t really need to!).  So we’ve put this cheat sheet together so you know what they mean! CT600  = Corporation tax computation. This is the tax return that has to be completed for HMRC, breaking down your accounts and working out […]

What are Depreciation and Capital Allowances?

Depreciation & Capital Allowance

As I talk you through your accounts you will see depreciation in the statutory accounts for Companies House, but when it comes to the corporation tax computation for HMRC it is disallowed, why’s that?   When a company purchases a fixed asset (ie machinery, computer equipment, furniture, vehicles etc) HMRC and Companies House will deal with […]

How much money can I take out of my business?

how much money can I take out

Just because it’s there – doesn’t mean it’s yours! You bring in the sales,  you have money in the bank,  why can’t you take it?  One of the biggest rookie mistakes is thinking sales equals profits.  Profit is what is left after ALL the expenses are deducted, including any tax due.  There are two types […]

Why do accountancy fees increase as turnover increases?

Why do accountancy fees increase as turnover increases

At PPF we are proud to price our services as fairly as possible.  We’ve stayed away from the traditional method of charging by time, as we do not feel this is a fair way of doing things, so have looked to other factors as a way to base our pricing structure. One of those is […]