Recent content by Dain

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    VAT Limit with Employed & Self Employed

    Hi, I own a salon and currently, we have employed and self-employed people working in the salon. Currently, the customer could have services from our employed staff and some from our self-employed staff, however, the customer just pays 1 bill at the end into the till and then any self-employed...
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    Subsidiary accounting

    Hi, just need a little steer with subsiduary financial statements. Are the accounts prepared based on the subsidiary only under FRS 102 then passed to the parent so it can prepare the group accounts? Or is it a different process. Thanks
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    AIA and Deferred tax

    So if its a small company using FRS102 how would i show this in the accounts? Or is it just that Trading profit will be £227 Taxabale Profit is £0 after claiming full AIA What happens to the difference between AIA amount and the profit of £227? Thanks
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    AIA and Deferred tax

    Thanks Scalloway As the residual balance has been written off as it fell below the £1000 limit to write off I have claimed the full £1051 as AIA In what you advise above am I right to do the following: AIA claimed £1051 Depreciation £210 Difference £841 Tax on £841 @ 20% is £168.20 Dr P&L...
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    AIA and Deferred tax

    Hi I am looking for some help of how to correctly show the deferred tax in my accounts. Profit is £227 Assets bought £1051 Depreciation is £210 Corporation tax computation AIA claimed was £227 to put profit at £0 As residual balance £824 is written off in small pool write off where do i put...
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