Recent content by AccountantinP

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    Tax Free Dividends & Full Time Job?

    You don't say what the rest of your earnings are like - take note that the dividend allowance will use up part of your income tax bracket. So if you are close to the thresholds you may find that taking the dividend will push you to a higher rate of tax and income tax will be due.
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    Electronically Storing VAT Invoices

    If you are confident that you can find them there is no legislation dictating how you must keep your records. If you do not have a horrific amount of invoices it may be prudent to download your invoices and save them together - make life much easier in the long run! The short answer though is yes.
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    Pay Uplifts

    This sounds like an employment law type issue - You might get more input from the law section of the website.
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    Temporary relocation with family as business expense?

    What do you mean by a temporary move? That you are going on a long holiday? Will you be selling your house? Giving up your current lease? From the information you have given I would be inclined to say no. As newchodge asks - what is the "business" purpose of this move?
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    Vat on computers

    I am not familiar with the system you are using, but these would be the general principles. On an accruals basis you should start by accounting for the total purchase, your invoice total is £12,562.80. (if my assumptions are correct) Entered by: DR £10344 in your fixed asset nominal DR...
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    Pre start up formation advice

    Not going to nick pick the terminology, but what you written is broadly correct. Self employed traders are liable to pay class 2 and class 4 NIC though, not class 1. As your self employed profits are below the LPL you will not be liable to any NI class 4. LPL currently sits at £8060. As you...
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