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Market Researcher expense claim
(Preview)
Hi all, I've just taken on a new client who is a market researcher amd works from home. They claim for their telephone and mobile but can they also claim the £3 a week? They have also had to have their home office redecorated due to shelves coming off the walls, can any of this expense be claimed? Also, are...
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JoBooth
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1
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1745
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Fixed assets brought into Ltd Co.
(Preview)
Hi All I have a client who has formed a limited company recently. This individual has some fixed assets (vans and machines) that had used while trading as a self employed individual. Now I would like to introduce these tangibles into Ltd Co. Do I need to dispose of all of them first (from his previous ...
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KrisGutowski
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3
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5450
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On job expenses
(Preview)
I have just started doing the books for my husbands new plumbing business and stuggling with how to deal with parts bought for a job. The suppliers charge my husband vat on the parts he bought for the job but how then do I invoice the customer? Do I invoice for the gross total of parts or the net value? Hope t...
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jillemily
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1
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1852
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Desperate for P11D guidance
(Preview)
Hello - I am currently working part-time as a jack-of-all trades for a new charity. I've agreed to do the book-keeping as a result and feel that I'm in a bit over my head with the P11D having never filled one out before. We have a dispensation notice in place and it fortunately covers most of the expense...
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charity_newbie
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0
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2746
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Limited company to sole trader
(Preview)
Hi A client of mine has changed from a limited company to a sole trader in October last year. Ltd Co. deregistered for VAT from November 2008. The company name has changed, but still doing the same type of work. The new company has been registered for VAT from February 2009. The Limited company had...
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Silly Digits
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2
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2167
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Subscriptions
(Preview)
Could anyone tell me if a subscription to a professional body attracts VAT? Is it exempt from VAT or a non-vatable item?
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Sozzybobs
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1
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8180
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Oversea's company charging me VAT?
(Preview)
Hi Guys, Just a quick Q - I am renting a server from a German based company, I live in South Africa and have been paying them through Paypal. On the invoices they have been charging me 19% VAT for the last 3 months- I only realised this a few hours ago (I don't check invoices ), Is this legal? AFAIK - Companies...
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MaverickZA
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1
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2731
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CIMA Finalist
(Preview)
Hello All I am new on here today. Thinking of setting up self employed in very near future. I am currently a CIMA Finalist (TOPCIMA to sit in Sept) my question is this (maybe I should know it but I do not! lol!) As a CIMA qualified can i do the full accounts and calculate tax for sole trader, partnerships a...
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Bebe
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0
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3022
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Date of CIS cert
(Preview)
Hi There! I came across a case, where subcontractor's invoice is issued on the 05/04/08. It is for week ending on 03/04/08. There is a box called "Transaction Date" showing 08/04/08. Does any one know - whether this invoice should be accounted for in 2008/2009? Thank you for your advice. K...
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KrisGutowski
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2
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2377
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Belonging to more than one professional body
(Preview)
Does anyone else belong to more than one professional body. I am currently a member of the ICB c/w with practising certificate, PII and MLR cover and have just renewed my membership with the AAT (qualified back in 1991). Is it worth keeping up the membership of the ICB and would one PII cover both, if y...
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TraceyAnn
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0
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1861
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Tronc Scheme and Employer Annual Return (P35)
(Preview)
Hi My client is running a club. He pools the tips, service chrge and gratuties and then distribute amongst the employees. Above that wages for employees are paid separately. As per my client request, I have set up a Tronc Scheme, which was quite complicated. For those who does not know about this sche...
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Roman
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1
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3617
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VAT Recharge
(Preview)
Hello, Pls somebody help me! I prepare VAT return for a dutch company, and there are some interesting transactions that I don't really understand. The problem is that this company is located in on other company's office, and uses their equipment (mobiles, desks...). The second company recharges t...
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DBSC
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6
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11121
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vat registration
(Preview)
i'm a new courier business in the west midlands and was wondering if you can charge vat whilst waiting for a vat number?
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wrights distribution
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2
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2137
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employing under 16's
(Preview)
Hi i have a small Ltd company and my 2 children aged 15 and 16 work for me after school and in school holidays. On my books am I ok just showing wages paid to them weekly at £100 a week or do i need to inform the IR or do anything else?
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Boo
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7
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5550
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HELP!! FUEL SCALE CHARGES
(Preview)
I know this question has probably been answered numerous times on this forum but i can't find it!! Can someone explain to me how i claim back VAT on fuel used for my business when using my own car. What would really help is a simple example or explanation as i just don't get the fuel sclae charges sheet. Man...
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Boo
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6
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10452
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Closing my company
(Preview)
Hello all i am new to this forum but i need some help ok here is my question. ok i am going through a vat audit at the moment but i am away to put my company into adminastration but i am waiting for £11,000 back from my vat return when i close my company will i still get this money please let me know you can email me...
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auzzoffice
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2
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2539
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VAT on electricity bill refund
(Preview)
Hi I just wanted to verify something, if anybody out there can help. Due to a huge error with an electricity supplier we have just received a refund of £29k. The vat on the original invoices has previously been reclaimed as per usual practice, Am I correct to think that we need to repay the relevant vat on...
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Purple
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4
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4534
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Tax Returns
(Preview)
I wonder if I could get some advice from you. At the moment I have the ICB Level 1 in Basic Bookkeeping and am awaiting 10th June to take the level 2 exam. Whilst waiting for my exam, I have been advertising for about a month and a half and so far have one client. The only problem is that I have turned away 9 p...
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Terri
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5
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3530
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VAT Question
(Preview)
When inputting supplier invoices onto Sage for a non vat registered client, am I right in thinking I still input any vat element on these invoices?
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whiskerspanther
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5
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4494
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Rates of Tax
(Preview)
Hi Can someone please tell me if a self employed person pays tax on the total sum of his income for the year, or if his/her expenses are deducted first then the tax is worked out on the difference? Also where you have allowances for say tools or uniform what amount of tax relief do you get? I have looked on th...
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whiskerspanther
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2
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2219
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