|Accounts? Just let me check my twitter account first|
Tip# 1 Don't just say you will spend one day a month doing your accounts-actually do it!
|Sure I will do my accounts. Just need to ease into it.|
|Possibly not the most efficient form of paperwork storage|
The end result when I had to do my first set of accounts was stressful to say the least. This year I will stop spending hours reading the paper on-line and listening to Woman's Hour and will instead start being a good girl and input all my financial In's and outs onto a neat spreadsheet-Girl Guides honour.
Tip # 2-Be realistic about what you can put through as an expense
During the tentative early stages of self employment I was given some real gems of help and wisdom and I'm afraid to say also told some real rubbish. One such nugget was "you can basically put anything through your books when you are self employed, even the pillow you rest your head on is tax deductible" so I merrily "invested" in lots of things using my new company credit card. Eye cream "well I'm the face of the business I must look beautiful", shoes "I'm the face the business I must have dainty feet in beautiful twinkly shoes", massages "I'm the face of the business I must radiate relaxed shoulders at all times"
|Its all tax deductible dahlink!|
Tip-3-keep all receipts and paperwork in monthly files
|If I had only thought to organise my receipts but I was too busy reading Valley Of the Dolls in the bath|
Tip #4-Its all about balance baby
|I just don't get it. Is Strictly on yet?|
|Make me an egg nog and squeeze my bangers-the book balance|
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