Recent content by Caspar

  1. C

    Employing someone in your home office

    Thanks
  2. C

    Employing someone in your home office

    Thanks for the reply, but I meant costs for Business Rates really.
  3. C

    Employing someone in your home office

    I run an admin business and work from a downstairs study at home. My understanding is that I don't have to pay council tax, as I don't have customers coming round, or sell anything at my door etc. I am purely processing paperwork and answering phone calls. Timewise, the room I work in is 90%...
  4. C

    Gross Misconduct - theft

    I also know that he has been going round customers houses causing problems too. Its the mental health issue that puts us in a rock and a hard place. We can't let him back, but we can't just dismiss. There must be a way to do this. We are certainly going to report the theft to the police so...
  5. C

    Gross Misconduct - theft

    This is about an employee who took time off sick which later transpired via a phone call from his wife, that actually the employee was having some sort of a mental breakdown and doesn't know what do with him. This employee started working in August 2019. Whilst on sick leave, the employee...
  6. C

    Sales Revenue

    From HMRC see the below link. https://www.gov.uk/simpler-income-tax-cash-basis/who-can-use-cash-basis ________________________________________________________________ It states Who can’t use the scheme Limited companies and limited liability partnerships can’t use cash basis. Who can use cash...
  7. C

    Sole trader final balance sheet upon closing

    I have never had to process a set of accounts where the owner ceases trade. When I have worked it all through, I am currently left with A personal loan owed to the proprietor of -£4,317 as the closing balance at the top with: Capital At previous year -£9,976 Net profit £9,859 Giving a...
  8. C

    Eon and no electricity bills since Feb

    Hi I just wanted to mention that I took on a new book keeping client who had not had electricity bills for 3 years, when I brought it up with them and we investigated, they had been overlooked by the electricity company who promptly sent them an bill for over £20,000. The client could not...
  9. C

    Workplace pensions compliance

    As far as I am aware, you don't need to have an auto enrolment pension in place. But when you take on your first employee where you have to assess, you assess them based on their earnings, If less than or equal to £5,876 the are an entitled worker and don't have to be enrolled but can ask to...
  10. C

    Paying charity from LTD company and from oneself.

    Thanks for that David. I did explain it in a bad way which was misleading, :eek: my apologise. I do however understand it, that in a Ltd Co, although a donation to a small local charity is deductable against trading profits, a donation to a national charity is NOT deductable against...
  11. C

    Paying charity from LTD company and from oneself.

    If as a company you donate to a national charity any donations through the P & L account are added back in the tax comp as a disallowable expense. If as a company, you donate to a local charity, as you have a business interest for doing so, (say they give recommendations to potential new...
  12. C

    RTI filing

    If you are a Ltd Co, and have no other income, you should take professional advice, as it can be tax efficient to put yourself on the payroll up to your 20% tax threshold level, as this reduces taxable profit and gives you tax free cash. In this instance those earning under the LEL threshold...
  13. C

    New to business: thick and scared

    If they are asking you for a weekly invoice, then you aren't on their payroll - you too are self employed if you are invoicing them personally. If you invoice them from your Ltd Co (if its type of trade is different to the repair work, then you may need to update the type of trade with Co...
  14. C

    Any 'Quickbooks Pro' users here?

    QB helpline is the negative thing for me. Whenever I have phoned and got through to India or wherever it is, the language barrier has caused time consuming problems for me. I have explained the problem, but in my experience, although thepeople I have spoken to appear to know how the software...
  15. C

    Help/advice please - Banking and tax

    I think the original poster mentions a few posts down that they have another source of income that they pay tax on.
See more
Top Bottom
Community
Articles
Menu