Recent content by BobBuilder

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    SEIS tax reclaim

    Hi I made an SEIS investment within the 2014 – 2015 tax year of £22 354. I paid income tax of £3284 in tax year 2013 – 2014 tax year. I understand that I can allocate (is that the right word?) £6568 of my SEIS investment to tax year 2013-2014 which at 50% relief would offset all of the £3284...
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    When does trading commence?

    Thanks for your input David. I agree with your interpretation of the words although taking it further I haven't seen anything that supports the idea that when one starts promoting the product or service (opening the doors to the shop) that trading has then commenced. The question incidentally...
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    When does trading commence?

    Thanks again for your comments - I think your quote would have proved the point if it didn't have the words "and selling" in the middle of it.
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    When does trading commence?

    I've not called HMRC as I'm not inclined to just accept what a call operator at HMRC tells me as I don't expect them to be experts. Or maybe I'm doing them a dis-service?
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    When does trading commence?

    Thank you both for your comments. With respect to James' comments, none of the examples at http://www.hmrc.gov.uk/ct/getting-started/trading.htm#1 : carrying on a business activity such as a trade or professional activity buying and selling goods with a view to making a profit or surplus...
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    When does trading commence?

    A company sets up to perform plays in pubs. It forms the company Jan 18th, it starts employing writers and designing props on March 20th, it starts selling the idea to publicans April 8th, it does its first performance July 4th. It invoices July 5th. Any thoughts on when trading has commenced...
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    Tax planning for a future bad investment

    We read a lot about tax planning in anticipation of making a profit but I wonder if anyone had any thoughts on tax planning to deal with scenarios where there is a good chance of a loss occurring? For example, investing in a company where EIS might apply (which is not in the same trade as the...
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    Buying a house via my Limited company - why wouldn't this work?

    Basing this thought just on all of the Op's facts and opinions - I would have thought that the biggest question is, why buy a house if you are certain that house prices are going down? It would be better just to rent from someone who doesn't think they are.
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    Online accounts package that's good at cashflow forecasting

    Thanks for your comments, Graeme. What I was hoping was that one could take the "guesswork" and put it in the accounts system to look at ones (guessed) future cashflow. I was taking the view that if it's best to use an accounts system for actual transactions rather than a spreadsheet, then...
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    Online accounts package that's good at cashflow forecasting

    That little nugget of information is very useful thank you - is that without needing an add on of Float (or other specific cashflow programs? I agree with you about spreadsheets being the ultimate tool - but if the data could come from Xero with the forecasted expected invoice payments then...
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    Online accounts package that's good at cashflow forecasting

    I am now told that the Enterprise's accountant does use Sage. I remember from 20 years back as Sage being very expensive but maybe they've repositioned themselves now due to extra competition. Does anyone know how well Sage deals with the extras of credit control and of cashflow forecasting?
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    Online accounts package that's good at cashflow forecasting

    Interesting stuff re Freeagent - Geoff at GRD credit sent me the following direct message which I thought I'd put up here for the benefit of others reading. Hi I have read your post and note that you have specifically asked about Xero Xero itself does not have an automated credit control...
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    Online accounts package that's good at cashflow forecasting

    Is Float something that can sync with FreeAgent automatically or which can extract the data?
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    Online accounts package that's good at cashflow forecasting

    Thank you Jennie. Does FreeAgent perform the credit control functions and cashflow forecasting?
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    Online accounts package that's good at cashflow forecasting

    I know that the question, “which online accounts package should I use?” is one that is regularly asked and often answered by, “use the one with which your accountant is most familiar”. In this instance the company limited by guarantee has an accountant who doesn’t use an online system. The...
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