Hello all, A newbie here. Trainee bookkeeper. I think this question has been asked. I am trying to register a director for self employment. One of the tick boxes does ask if you are a director. I am going to have another go at form tomorrow. My question is can directors be registered as self employed or w...
Hi, new here. I own a micro business that's been meandering along for 10 years. I accept I should know the answer to this, but I've forgotten The company has fixed assets of 100Total assets less current liabilities 100Creditors: amounts falling due after more than one year (£441,378)Total net ass...
Hi- I'm hoping for some help please. I am about to take on a payroll where the business currently offers transport to various work sites for the workers, and then deducts/recoups the cost of providing transport to work from the workers. It is not compulsory for the workers to use the company transpor...
Good morning all! I have a client who is looking pay his employee a bonus which he is sacrificing to NEST. I am really struggling to post it and Xero has still not answered the query. Has anyone processed it and able to advise me? Kaz -- Edited by KAZ on Tuesday 26th of March 2024 09:19:53 AM
Hi All, I am just wondering on how to treat a non-utilisation fee. Would this be posted as a bank payment in the 79o1 range, or in 2301 along with the loan it refers to? Many thanks for your help.
I consider following benefits when outsource bookkeeping services. * Weekly and Monthly Profit and Loss Account and Balance Sheet * Monthly, Quarterly or Yearly Comparison of Incomes and Expenses * Providing profit percentages, trends of Incomes and Expenses * Ratio Analysis Please share your...
Hello, I'm new to this forum and thought I would ask the experts what in their opinion is the most sensible and user friendly accounts package for solicitors. the companies offering these things promise the world but as I'm not a numbers person it all looks v confusing Maybe the question is Which one...
Hi, All I previously used the HMRC basic paye software from 2017 and after that, I used a 12pay cloud-based free software for up to 10 employees, but now 12pay will be charging £5 for every month to use their software even if I use for 1 person for payroll. However, I am trying to start using the HMRC...
Good Afternoon All, We support a few charities and I am coming to process the in Quickbooks, we are a limited company We sent a cash payment to a charity and I am wondering what I key for VAT, No Vat, Exempt or zero rated? We also purchase toys/ selection boxes / toiletries / clothing to send to a children's...
Hello, Do you know if we can send the declaration for 2024-25 now or wait for 6th April 2024? Xero payroll allows you to send it now, is HMRC going to reject it?
Hi, Started a new job and am hoping for some guidance on which Sage tax code to use for certain things. I've had a look through previous posts on Sage and certain transactions seem to vary from T0, T2 and T9. My main question is around entertainment. For example, client entertainment (lunches, drinks e...
Hello all,I hope you will be able to help.Is it ok to clear very old creditors balances from the ledger?If the amount are real confirmed balances do we need to keep them on the ledger or we can clear them after 6 months?Thank you!
I am new to bookkeeping and would like some advice I have a VAT receipt that is handwritten and meets all of the usual criteria, however it doesn't include an invoice number. The receipt is for over £250.00 and a till receipt is also attached as proof of payment. Can I still reclaim the VAT?
Hi All, complete newbie to the forum! I am looking to sell my Book-keeping business, established 2005 as a sole trader, and then went Limited in 2014. Registered for VAT. Client base is 14/18, some Limited, others Sole traders. Book-keeping activities involve VAT returns, Payroll, CIS return...
Hello all, I hope you will be able to help. Is it ok to clear very old creditors balances from the ledger? If the amount are real confirmed balances do we need to keep them on the ledger or we can clear them after 6 months? Thank you!
I mistakenly over paid an employees net wage, how do I enter these transactions in sage 50 accounts? I know the net pay is a bank payment and goes against nominal code of net wages, but it will be out by the by the overpayment, do I enter a bank receipt for the difference to make the net balance, then next mon...
All, hope you are doing great! Co-founder of a startup aiming at supporting accountants with client interactions and data management leveraging AI. Still in early days, we're keen to understand the key paint points accountants face daily around this topic - to basically build a solution around it...
