Recent content by Fair Price Accounting

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    CIMA Study Advice

    CIMA is probably the most difficult out of all the Charted Professional qualifications to pass.The best way to prepare is to do past exam papers, I would certainly study all of the study text and take notes of all the key points.
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    How to record a trade in

    Has the dealer given you a invoice for the new van. This should contain all the details although there is no harm in creating a invoice if you wish
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    How to record a trade in

    Here is a example Original cost of old vehicle £17,000 Accumulated Depreciation £11,000 New Vehicle cost £30,000 Cash £25,000 Trade in allowance £5,000 Account Debit Credit Fixed Assets...
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    Looking for Bookkeeping / Accountant Software

    We use Reckon one for most of our sole traders and Ltd companies. For a businesses that don't need invoicing we use Xero Cashbooks. As for commissions we don't get any. Although we do receive discounts which we pass on to the client.
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    Finance help - Limited company

    For someone who is going to be filing there own returns you are asking some pretty basic questions. Getting things wrong can easily cost you more than the accountants fees. I agree with some of the previous comments, Do you need a Ltd company at the moment? How much are you intending to pay...
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    Help settling an expenses argument

    If you are claiming 45p per mile you should not be putting anything else through the accounts.An example you do a 200 mile round trip the partnership pays you £90.00. For the Partnerships books: we will assume you are using HMRC advised fuel rates @ 14p per mile The fuel element will be £28.00...
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    Help settling an expenses argument

    The business can claim the VAT back on the fuel element only.
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    Hiring a part time book keeper

    You can automate most of the tasks you have described above quite easily.
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    Accountants duty to inform on VAT threshold

    It depends what is in your engagement letter.If you are paying for VAT advice i would say yes.
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    "Making Tax Digital" query

    Making tax digital may be delayed again until we leave the European Union as HMRC need to develop software to stop the ports getting congested. Under MTD you will have to file 5 times a year 4 quarterly returns and one reconciliation at year end. As for free software this will be doubtful HMRC...
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    Import sales and inventory from Linnworks to Xero

    You can do it via csv files. Pretty straight forward ask your accountant if you having trouble.
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    Bad Accountancy Advice? Pls help

    I am going with your Accountants view, for the reasons @SteLacca has pointed out.
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