Recent content by hackeron

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    Record a fixed asset, iphone (both personal and business use) in quickbooks 2010

    Thank you, that's very helpful :)
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    Record a fixed asset, iphone (both personal and business use) in quickbooks 2010

    Really? - seems the announcement was in Feb 2012 - http://www.hmrc.gov.uk/briefs/income-tax/brief0212.htm - or is this just for the P11d? Recent information in this accounts software for instance also gives an "iPhone" as an example of something that must be listed as a Capital Asset and...
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    iPad on expenses

    Any reason why I would want to artificially inflate my profit and pay additional tax? :) - Also it is the third year, not first. I think I will list it as a "Computer Hardware" expense, thanks :)
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    iPad on expenses

    The company in question has a turnover of around £30,000, an accountant recommended I depreciate everything purchased for the business that is over £100. Do you think this is a bit overkill?
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    iPad on expenses

    So can a limited company buy an iPad (or computer, desk) and claim the full cost of the item as an expense? I thought more expensive items like this need to be logged as capital assets and depreciated every year?
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    Record a fixed asset, iphone (both personal and business use) in quickbooks 2010

    I remember, back in 2007 anyway, smart phones were not considered phones at all, but rather as computers. You had to declare them as such and then claim 25% of the item cost every year. I haven't kept up to date on this. Is this still the case? The company in question is a limited company...
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    Companies House fined me £1,500 - advice needed

    Going forward I will use an accountant for the technical bits and for filing in the future and I've bookmarked your firm :) But my accounts are filed so that's not my problem right now. My problem right now is can anything be done to reduce or cancel the fine? - is this something you could...
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    Companies House fined me £1,500 - advice needed

    Yes, same thing has happened to my other company - sure sure if this is a new practice or not. Having received all the "iXBRL is now a requirement" letters and reading all the HMRC and Companies House joint filing system posts, I was under the impression that I have to use iXBRL and the new...
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    Companies House fined me £1,500 - advice needed

    I switched to paperless, scanning and categorising everything and storing documents in dropbox as well as using FreeAgent for book keeping, VAT filing, invoicing, etc - it generates all the figures that I now input in the new joint HMRC & Companies House PDF. It's quite a great system, but it...
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    Companies House fined me £1,500 - advice needed

    I used accountants for 3 years and I spent an average of £2,000 a year on them both in charges as well as things that were done incorrectly. I've opened this new company to learn about accounts and see what I could do myself. Things got out of control for a number of reasons including the new...
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    Companies House fined me £1,500 - advice needed

    It was a £100 fine per month for 3 months for late filing - this is actually a new company I opened so it was the first year filing with that company, my other company is currently late filing for the same rasons and I hope to file this week. How can you file online without using iXBRL -...
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    Companies House fined me £1,500 - advice needed

    Yes, I was 8 months late by the end. I wanted to file back in March last year but after migrating to new accountancy software, the calculations didn't match up 100% to the spreadsheet and paper accounts so it took quite a significant time to scan and tag everything to ensure what I file is...
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    Companies House fined me £1,500 - advice needed

    The annoying thing is I was already fined £300 by HMRC for submitting late and about a month after I submitted everything, Companies House now sent me the £1,500 fine! - seems unfair and unreasonable to be fined twice and for such large amounts when the delay is due to their sudden and extreme...
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    Companies House fined me £1,500 - advice needed

    I was fined £1,500 for submitting my accounts late this year - this is more than the profit my small part time company makes :( The reason I submitted my accounts late is the new iXBRL requirements that required me to completely change how I do accounts year to year. I have now moved to a...
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    543L Tax Code

    Thanks, will do! I have looked through the folder we picked up and I can find a P35 and P11D for myself and business partner (2 of us in the LTD). No payslips or a P60 :| Not done the self assessment yet, but FreeAgent seems to show all the right figures, but I'll have them reviewed. Do...
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