Recent content by Bridget1968

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    Capital Expenditure

    I am a soletrader, I have just purchased a new laptop for my work, can i claim this all back this year, Im abit confused on how this works...... I am just putting it through currently as an expense. If someone could elaborate that would be really helpful. Thank you :)
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    cash based Flate Rate VAT

    oops... not forgetting any other accountable income as mentioned in the replies.
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    cash based Flate Rate VAT

    Thanks for your replies, I will certainly speak to the accountants involved. Just out of curiosity though i am reading that i need to find out the % deduct 1% as it is their first year of registration and then work out the % of flat rate vat on gross sales (inc vat) i.e. Sales for the...
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    cash based Flate Rate VAT

    Looking into this do i just apply the flat rate % to the cash received in the vat quarter? I am assuming that I dont account for vat on supplies as this is built into the flat rate % Thanks for any replies, Bridget
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    cash based Flate Rate VAT

    A client of mine has just registered for vat, they have been advised by their accoutants to used the cash based flat rate. I was under the assumption that you could not use cash accounting with the flat rate scheme??? Can someone please give me some info. on this or point me in the right...
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    Practicing Licence

    I'm with the ICB too and just renewed my membership and practice licence. Have also just submitted my annual MLR return along with insurance docs like Alison. I too would check as I cant see them swaying their rules for members. Bridget
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    VAT registration query

    Thank you for that. So i am understanding that is this businesses t/o exceeds £70k they must register for vat and only once registered pay vat. Therefore understanding that if there t/o exceeds and is £100k they will pay vat on £30k that they exceed the vat threshold and became vat registered?!
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    VAT registration query

    New business is being set up, not sure of turnover therefore been advised to not register for vat. If the new business then exceeds the £70k allowance am I correct in thinking that they must register for vat at least 30 days before they go over the threshold to comply with HMRC rules...
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    MLR help please!

    I currently work onsite for a few clients, when reading the MLR on the HMRC website it states that I must keep copies of clients records??? This just seems impossible as all their paperwork is kept at their offices, is this something I should adhere to or am i getting confused.... help!
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    Vat Codes - Quickbooks expert help please

    One of my new clients is using quickbooks, I am very new to this... I am getting abit confused of the vat codes E = Exempt N = Not registered O = Out of the scope Z = Zero Rated If supplier isn't vat registered they goto 'N' But I am getting abit confused on the rest... Where...
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    Motor Expenses - Ltd Company - Query?

    Would just like some advice on this please. Limited company, one director who usually claims 40p per mile for motor expenses. In this new financial year wishes to claim all motor expenses through the business and not use the 40p per mile allowance. The car is owned by the director and NOT the...
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    Banks cocked up, can they take the money back?

    And you call yourself a business 'guru' Enough said.
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    Banks cocked up, can they take the money back?

    Personally I think this thread should be locked now as I feel like the OP has been attacked in various ways by this thread. He was only seeking help and advice and the comments have gone way overboard in my opinion. Come on moderators, lock the thread and lets move on as it seems some people are...
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    Astley, Atherton, Leigh & Tyldesley

    Phil Do you do laptop repairs???? One of my laptops needs a repair, basically the pin where you plug the power started off getting loose but now just wont power up at all as I think its too loose. Was looking for an approx quote to fix this ( its a toshiba and i believe this is a common...
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    Vat and fuel expenses - slightly confused

    Ha ha...thanks for your super fast reply it is much appreciated. Bridget :D
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