Recent content by Glenn Martin

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    Valuing a pub

    If you do not agree with the asking price what do you think its worth. A Village pub is almost impossible to value currently, so ignore the asking price offer what you think its worth to you. As the alternative will be to let it sit idol they may well take an offer to shift it as I imagine most...
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    Incorporating in the Caymans to escape Corporation tax

    You say the goods are packed and shipped in the UK but mostly go overseas. Have you looked at distance selling rules as it likely you may need to be registered for VAT in many of the countries you supply certainly to EU you will be. These schemes sound attractive but rarely work in practice and...
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    How does getting a business loan as a new LTD Company work?

    You will probably have to raise the cash outside the business as with zero trading history you will struggle.. There was a scheme that became the CBILS where you could get a government backed loan but I assume they have disappeared now. Are you buying an approved franchise ?? as they may have...
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    Looking for a sharp & knowledgable accountant

    Hi i am based in Chester le Street and happy to help
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    Question about my all accountants

    Hi Emu When using bank feeds they sometimes have a hiccup where the same transaction comes through twice or similar. If you just reconcile everything that came through on the feed your QBO balance could be way different to the actual balance. You should worry if your accountant doesn't ask for...
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    Current " Xero UK Best Sole Trader" accountant and business development advisor.

    Current " Xero UK Best Sole Trader" accountant and business development advisor.
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    How long after year end do you expect to know your corporation tax bill?

    We aim to have all year ends filed within 3 months of the year end. We would like to get this down to 6 weeks, which we do for some clients. Its easy if the records are in Xero and up to date. Wages are done on the 20th of Month for Monthly salaries and PAYe advised then for payment on the...
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    Moving from Wave Accounting to ... Xero or Quickbooks?

    Xero is market leader in the field it has better links with direct bank feeds and a good integration with Paypal. There are 5 versions of the software from basic to multi currency version. Pricing wise the cashbook version is £5 bought via and accountant, which maybe all you need. I looked at...
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    Should I buy Xero direct or through an accountant?

    Mike it does not make much difference really. We are Xero partners and most clients get the subscription as part of the wider retainer they have with us. we prefer it that way so we can make sure they go onto the right version etc If you wanted to change firms we would just invite you or the...
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    Xero - use our copy or accountants?

    I am Xero partner and we typically pay for the subscription on our clients behalf and we re charge it to them as part of our fees. We do this as some more simple versions are only available to Xero partners and so not available to joe public. We also have some clients who manage their own...
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    How many of you, as shareholders, are protected?

    Shareholder agreements are also equally over looked. They should be done at the start of trading, but that is usually when everyone is friends/in love and no one wants to spend the money as the company has low value. Once wealth is created the problem you then have is that the shareholders...
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    Best Accounting and / Payroll System for a Rec Company

    I would recommend Xero for your accounts software and I have a lot of recruiters I look after. For payroll you are likely paying a lot for Sage Payroll look at something like Brightpay which is about £250 per year. Xero have a payroll module which may also work, if the payroll is not too...
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    Accounting for Amazon fees

    are you very large scale that would need accounting software as Xero and A2X deal with all the fees automatically you could post the commission as a credit note to an expense code It really depends how you keep your books, if you eleborate your question you will get a better response.
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    Accounting Software / Cloud

    I would not look much beyond Xero, it will do everything you need and is constantly updating to keep you current. At £22 per month you might think that is expensive, but is it to run the finances of your business on it? The time saved with automatic bank feeds, one click payroll etc will be...
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    Outsourced Credit Control Recommendations Anyone?

    What software do you use? If you use xero there is a few bolt ons that will do a lot of the chasing for you. will need some manual input but they do hoover up a lot of slow payments.
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