Recent content by Alimal456

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    New business, Low income PAYE, RTI question's

    Hi, I'd be grateful for a little input. I'd decided to start my business..... I've previously been employed and from April 15 I have earned around £5000. My business at this will have little or no income but I wish to pay myself a small wage to keep my NI contributions etc up to date. * If I...
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    how to absorb a Ltd company into another Ltd company ??

    No real assets mainly the customer base. How would I transfer the shares to our company ?
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    how to absorb a Ltd company into another Ltd company ??

    Hi, We are looking to take over another limited company. The purchases will be fairly small as we are only taking over a small amount of stock but mainly we get access to customer base details etc. The company we have taking over is VAT registered. We are not at the moment and will not need to...
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    Captial Gains on new homes, is this legal ???

    If we expect to make a profit of over 44k would it be more tax efficient to form a company. Pay ourselves £7,400.00 (Below the NI limit) then pay corp tax of 21% on the profits, minus any payments to directors.
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    Captial Gains on new homes, is this legal ???

    Many thanks everyone for the information !!! * Yes it would be a DIY self build all work done by the builder, hence making one claim at the end of the build for materials etc * Each family member is sold the home for a small amount * As each family member would be living in the house for at...
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    Captial Gains on new homes, is this legal ???

    Hi Bob Thought it was too simple myself. Any pointers to why it wouldn't work ?? How could you reduce your CGT when building a new home ?
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    Captial Gains on new homes, is this legal ???

    Hi, Is the below situation legal ? A build buyers a plot of land say for 100k and builds 4 houses. As soon as he starts to build the first home he notifies HMRC that this home will be his primary residence and so will move his/her private residence tax relief to the new home . As he builds...
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    How to account for Corporation Tax in quickbooks

    Hi, I'm helping a family friend out with recording a payment of CT in QuickBooks. I have a small amount of knowledge regarding QB could someone give me a very simply walk through of how to record it ? Many thanks !!!
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    Paypal Fee's outside the scope or exempt ??

    Hi Are Paypal fee's exempt from VAT or outside the scope ?? I have marked them as outside the scope - does it really matter ???
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    PAYE year end requirments, lost in the maze....

    Thank you and year end what do I need ??
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    PAYE year end requirments, lost in the maze....

    Thanks Tom Yes I'm already registered with HMRC On-line (PAYE). I'm just not sure what information I now need to submit to HMRC firstly informing them that my employee as left that I'll shortly need to file year end, again not sure what I need to fill in ??
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    PAYE year end requirments, lost in the maze....

    Out postion is this; We employ one person but they are due to leave the company before the year end. I'm using HMRC basic tools. I have completed the P11 and entered the leaving date including all payments. I selected no to filing on line as not in the UK at the moment. I'm now completely...
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    Paypal and VAT

    Hmmm And I always thought it was outside the scope of VAT ??? Anyone else ??
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    Paypal and VAT

    I've read conflicting advice on how I should handle Paypal fee's. Can someone clear this up for me ? 1, Is it Exempt or Outside the scope ?? 2, General point Exempt is added to your VAT return but Outside the scope is not added, right ?? Thank you !
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    PAYE coding notice and tax reference number

    I've been sent an updated coding notice and this as changed. I haven't changed employers and the update was a slight lift in my code. I take it its a 2 hours call to HMRC tomorrow then ?
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