Recent content by ads1188

  1. A

    Annual return for a limited company which is due to close

    Hi All, I started a limited company last year which has not traded since it started. I decided to strike the company a couple of weeks ago and the current status is "Active - Proposal to Strike Off". My accounts are due to be filed next week. Can someone please advise if I need to file an...
  2. A

    Why is this illegal? Or is it?

    Everyone is allowed a nil rate band of £325k so as long as any transfers made to family, friends etc below this amount would not be taxable. There is also a yearly 3k exemption along with a small gift exemption of £250 per person per year. As you mentioned your mothers estate is well below...
  3. A

    Operating PAYE

    Hi All, If someone employees 10 part time employees and pays them all under the Lower Earnings Limit, from my understanding he doesn't have to operate PAYE. 1. Does the employer still need to produce any year end filings for HMRC or for the employees? 2. How do the employees submit their...
  4. A

    tax returns help please

    They usually send a cheque which usually arrive within 14 days. A couple of days to clear and the money should be in your acccount.
  5. A

    Sole Trader Capital Allowance advice please

    Hi John, I cant post the link as I have less than 15 posts but if you type 'sole trader capital allowances' into google and click on the 2nd link. Website is taxattack. "There is no obligation to claim CAs in any particular year. If no claim is made, the value for CAs is simply carried...
  6. A

    Paying Selef-Employed/Freelance Leaflet Distributors

    If they are self-emplyed you can pay them cash in hand but just make sure you get a receipt of them. I would just ask the leaflet distributors to create an invoice and pay this way. Atleast this way your books are kept accurate and legit. As paying at the petrol pump, you can either pay with...
  7. A

    How much can a granny give away to grandkids each year

    We pay taxes even after death. I guess we have only the politicians to thank. Morally incorrect but looks good when the tax receipts come flooding in.
  8. A

    How much can a granny give away to grandkids each year

    Unfortunately this will come under inheritence tax if in the worse case scenario your granny passes away within 7years. Inheritence tax is not only limited to property and I strongly advise you speak to a professional regarding this. There are ways around this without incurring inheritence...
  9. A

    30% Deposit invoice

    I would definately send in pdf. Looks more professional and saves any questions from your customer if they notice any unusual formulas. Regarding the balance, I would state the 100% fee first stating that it the full cost with a balance due of 30% on so and so date. You can then at the bottom...
  10. A

    Customer wants monthly statement

    From what you mentioned it sounds like they are badly organised but it is not an unusual request. I've seen in the past a monthly statement be sent to customers with how much they owe epecially if they make loads of small orders. Customers who pay late can be a pain. How long do you give them...
  11. A

    Hi Everyone

    Thanks BusyVids.
  12. A

    Hi Everyone

    Hi my name is Ads. I am currently in the process of setting up a online bookkeeping/self assesment business and I'm hoping to gain as much knowledge from this forum as possible as well as to trying to contribute as much as I can. As of yet I haven't managed to come up with a name for my...
See more
Top Bottom
Community
Articles
Menu