Recent content by cheaper accountant

  1. cheaper accountant

    Depreciation and AIA

    Fair enough. 100% AIA it is!
  2. cheaper accountant

    Depreciation and AIA

    Also consider any private use of the laptop as this could impact the AIA claim. If 100% business asset and business use then go for 100% AIA.
  3. cheaper accountant

    Selling to USA Tax Question

    Are you referring to sales taxes here, i.e. the equivalent of VAT?
  4. cheaper accountant

    CGT on Property Gift

    Take a look at the seven-year rule for IHT. Gifts are possible.
  5. cheaper accountant

    Major Issues With Current Accountant

    Love it!!! Well that made me laugh this morning!
  6. cheaper accountant

    Is My Accountant Trying It On?

    More details are needed to really assess if the individual would be better off from a tax point of view as a limited company vs a sole trader. What from I can see above there is a decision to made here based on all of the facts. Rather than advising on what is stated above alone. Take a look...
  7. cheaper accountant

    Chargebacks question

    Do respond to this with as many documents and supporting details as possible. Don't just wait for it to be resolved as it is likely to be decided against you. I've worked with organisations in the past where this would come up from time to time and we always responded to each and every...
  8. cheaper accountant

    Duplicated FPS submissions

    It's not as simple as removing the records I'm afraid. We do see this from time to time when we take on new clients. You should be able to update/correct the year to date figures within the next FPS.
  9. cheaper accountant

    Revaluation of assets

    If you subsequently revalue the building downwards (for whatever reason given by the valuer) you will reduce the revaluation reserve to the extent of previous increases and then any value over and above the revaluation reserve is expensed to the profit and loss.
  10. cheaper accountant

    Revaluation of assets

    The revaluation will impact the revaluation reserve on the balance sheet with the corresponding entry increasing the value of the building. If the value has increased with no change to the useful life of the asset then the depreciation expense will increase.
  11. cheaper accountant

    Accounting Program

    You can find a number of cloud-based accounting software providers that will allow you to upload bank transactions. You're also likely to need an accounts creation package such as VT to produce the accounts in the iXBRL format required by HMRC.
  12. cheaper accountant

    I have LTD company registered VAT 2 months ago.Need advice for Flat Rate scheme;?

    Just to clarify that the above comment means a 1% reduction to the rate you apply.
  13. cheaper accountant

    Converting from Sole Trader to Limited Company

    If you get a better deal on your accounting fees then you may be marginally better off. I agree that limited liability may not be that useful as I can't see why you would need business loans etc, but I could be wrong.
  14. cheaper accountant

    Looking for accountant

    Take a look at our homepage for our fees. I would suggest that around £150 is a fair price to charge for this accounting work.
  15. cheaper accountant

    I am looking for someone

    Take a look at our homepage and you will see what we charge for Annual Company Accounts and Corp Tax Return and submissions. Feel free to request a free quote.
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