Recent content by elaine@cheapaccounting

  1. elaine@cheapaccounting

    Shitting bricks at the thought of being a newbie in business.. help ha

    Sorry if I offended you. That was not the intention. Best wishes :)
  2. elaine@cheapaccounting

    Anybody know consumer rights law?

    Perhaps it’ll be a good idea for your friend to seek independent advice on the best course of action to take. Good luck
  3. elaine@cheapaccounting

    Shitting bricks at the thought of being a newbie in business.. help ha

    "While the economy is experiencing a slowdown, economists don't currently expect it to fall into another recession. " The UK is not currently in a recession (A recession is when the economy contracts, and is defined officially as two consecutive quarters of negative economic growth.) I started...
  4. elaine@cheapaccounting

    Anybody know consumer rights law?

    How much are we talking about here? TBH you and the customer could tie each other up in knots arguing back on forth on this. Without clear evidence of who ordered and compared to what was delivered it's a "right muddle". Consider the cost (financially and emotionally) - Best advice .... try...
  5. elaine@cheapaccounting

    Shitting bricks at the thought of being a newbie in business.. help ha

    My advice (applies to any business) ..... do a business plan including detailed financial projections with a sensitivity analysis (what happens if things are x% better or x% worse than your projections). Review this often. If investing look at your return on investment (ROI). The acid test is...
  6. elaine@cheapaccounting

    Dilemma! Home office owned by my limited company

    Inland Revenue ... now there's a blast from the past. I remember when HMRC were formed to give the tax payer a single vie of their tax liabilities :eek:🤣🤣🤣 If only .....
  7. elaine@cheapaccounting

    Can a CIC repay a director’s loan with company assets?

    Are there any other creditors in the CIC? What do the Articles say about Asset Lock? See https://www.gov.uk/government/publications/community-interest-companies-how-to-form-a-cic/community-interest-companies-guidance-chapters Specifically ..... Asset Locked Body Nomination It is important...
  8. elaine@cheapaccounting

    Has the End of On-line Filing Been Delayed?

    HMRC are gradually withdrawing all their free software…. Accounts filing, basic paye tools and self assessment for those who will come under making tax digital for income tax.
  9. elaine@cheapaccounting

    Legal Changes to Registered Address providers, and impact on overseas owners.

    You're welcome .... being in business is all a learning curve but a brilliant adventure 😇
  10. elaine@cheapaccounting

    Legal Changes to Registered Address providers, and impact on overseas owners.

    The thing with HMRC and Companies House is that they don't talk to each other. So you'll need to set up email comms for each thing - payroll, accounts, confirmation statement etc. My suggestion ..... as further letters come through look for the email comms option for each thing. Yes it's a bit...
  11. elaine@cheapaccounting

    Help with editing FPS in HMRC Basic PAYE Tools

    Should be set to be Cum. NI if a director so only due in later months of the year. The clue is in the title with that piece of software ;) - HMRC’s Basic PAYE Tools payroll software! My suggestion would be to use a "proper" payroll system for clients even if the requirement is basic. Oh and...
  12. elaine@cheapaccounting

    How are departmental budgets set, considering the role of finance business partners, board sponsors, departmental heads etc?

    It very much depends on the organisation and the level of financial acumen amongst the managers in charge 😳🤭
  13. elaine@cheapaccounting

    Legal Changes to Registered Address providers, and impact on overseas owners.

    Why not sign up for email alerts .... go paperless. You can do this for many / most things. It'll solve many of the issues. 👍
  14. elaine@cheapaccounting

    Tide bank frozen

    Well with NatWest you get FreeAgent free which is a great accounting system (I use it for my accounts!). Shout if you need help getting that set up 👍It’ll make your accounting a doodle 👌
  15. elaine@cheapaccounting

    Tide bank frozen

    Whilst not being a Bank Account in the traditional sense of the word it is worth noting that "Tide offers bank accounts provided by ClearBank® Ltd (ClearBank) (account sort code is 04-06-05). ClearBank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct...
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