Recent content by Angelic

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    Money removed from companies bank account without authority

    Mamy thanks for all your replies. I spoke to our companies bank, a new direct debit had been set up on 1st August by the finance company without our permission (how can that happen?), the payment has now been reversed but it doesn't end here!
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    Money removed from companies bank account without authority

    Nearly £500 was taken from our company bank account today by a motor finance company. The my company had an agreement with them in 2018/9, but directors of the company now buy their vehicles in their own name. I have contacted the finance company but they are unwilling to speak to me as the...
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    Employer NI is cripppling this business

    My wife is sole director of a mental health counselling business, since Covid the trurnover has increased to the point where she can now afford to pay herself a larger salary. Would she be financially better off as a sole trader?
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    Company car and WTC

    I have an employee who is on Working Tax Credit, I gave him a company car 18 months ago instead of a pay rise as he couldn't afford to replace his worn out car. He entered the details on his WTC renewal form in July and HMRC have now stopped his benefit and he has to repay several thousand...
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    Therapy Dog, an allowable expense?

    The dog has been a great help for many of my wife's clients, he is too young to be trained but he has a calming effect at puts clients at their ease.
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    Therapy Dog, an allowable expense?

    Thank for your replies, under severe pressure from my wife our accountant contacted HMRC, they responded that we can claim for part of the expenses in buying and keeping the dog.
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    Therapy Dog, an allowable expense?

    Our accountant has said that as the dog is also a pet the cost of buying the dog and expenses like food, vets fees, etc. can not be claimed as an expense for tax purposes.
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    Therapy Dog, an allowable expense?

    My wife is a private practice mental health counsellor. She bought a dog to use in her practice as a therapy dog, this has proven very successful in helping clients with their problems. Is any of the expense in buying/keeping the dog allowable for tax purposes Thank you
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    Accounting for Amazon fees

    Thank you for your responses Glenn Martin and Mr D, I know it is an expense and can cope with that, the problem I have is how to record the full amount of the sale, i.e. a £10.00 sale would show a shortfall of £1.20.
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    Accounting for Amazon fees

    I recently started selling on Amazon, but I am having problems accounting for their fees, for example: if an item is sold for £10.00 Amazon will deduct £1.20 in fees and send me £8.80, I raise an invoice to the customer for £10.00 but only receive £8.80. I can show the fees as a purchase but...
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    Tax on company car.

    My wife is a director of a limited company, the company has supplied her with a company car which she uses for business and personal mileage. Her income is less than her tax code and is not currently drawing a dividend from the company. How does this affect her tax liability. Thank you for...
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    Hire Purchase payments

    Thanks, I'll ask somewhere else
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    Hire Purchase payments

    Thank you but not sure how that helps
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    Hire Purchase payments

    Our company is buying a car for a director on hire purchase, how do I record the interest part and capital part of the payment. Thank you in advance
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    Directors Loan repaid

    Thick moment, all sorted now.
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