How Are Dividends Recorded in Bookkeeping

Paying Dividends from a Limited Company

Recording dividends in your accounts is a fairly easy process, but because many companies only declare them once a year people rarely get to experience how the transaction works. So, to help you with declaring dividends and getting your bookkeeping right, we are looking at:   What are dividends? Making the decision to pay a…

What is My Government Gateway ID?

What is my Government Gateway ID?

Essentially, the most accessible and straightforward way of dealing with HMRC is online. All of HMRC’s digital services can be found on GOV.UK, along with information and other guidance all together in one place. Although HMRC’s digital services can be accessed by anyone, you’ll need to prove your identity to actually use them yourself. There…

Are Freelancers and Contractors the Same Thing?

Are Freelancers and Contractors the Same Thing?

A freelancer and a contractor are two different things, though the terms are often used interchangeably. It’s easy to see why the differences between the two are often overlooked, when both are: Forms of self-employment Temporary additions to a company’s in-house workforce Non-salaried Despite these similarities, freelance work is actually a different beast to contracting,…