Recent content by Diamond Bookkeepers

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    VAT owed

    True, but you do have to go back and adjust previous VAT returns and put the adjustments on your next VAT return
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    Directors Loan?

    Formation costs are not an allowable business expense as they are not a company expense, but website costs are though
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    Increasing shareholding and/or handing over company tax implications

    You need to talk to a tax accountant about the best way to transfer your father's shares to you. Here's a good article I read that you made be interested in: http://www.telegraph.co.uk/finance/personalfinance/tax/10421200/Passing-on-your-business-Keep-tax-bills-down.html
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    VAT owed

    In that case, you will need to pay across the VAT to HMRC. You can change over to cash accounting, so you will only pay/reclaim VAT when you have actually receive the money from customers or paid supplier invoices. Here's some more cash accounting information...
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    advice on expenses

    Even if you don't invoice your clients for the money, the expenses are valid business expenses as your intention is to promote your business/brand.
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    Directors Loan?

    Yes, these can treated as pre-trading expenses as long as they are all valid business expenses. Just bring them in as the date of incorporation.
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    advice on expenses

    You are offering your clients an additional service. So the money you receive from them is income and the payment you make to the organiser is an expense. An event is organised by a third party organiser You find out how many of your clients are interested The organiser will give you a quote...
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    VAT owed

    It depends on how you registered for VAT. Did you register for the cash accounting scheme?
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    Recomendation for a good e-accountant ?

    It's usually a lot cheaper if you could send all the files through electronically, and then go through them with the bookkeeper/accountant on the phone or email.
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    Recomendation for a good e-accountant ?

    We do, yes. Have a look at our site (diamondbookkeepers.com), give us a call/email and we can discuss your needs further.
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    Recomendation for a good e-accountant ?

    When you say your site, you mean your warehouse? Or your website?
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    Recomendation for a good e-accountant ?

    Are looking for an onsite bookkeeper/accountant. Where are you based?
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    advice on expenses

    Assuming you have enough people, you probably get a discount for purchasing bulk entries
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    advice on expenses

    If you increased the price you charged your customer, and included entry to the event as an additional service, then you can claim the event entry fee as a cost of sale.
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    advice on expenses

    Is the business paying for your clients to take part in the events? or do your clients pay for it themselves?
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