Recent content by Ingrid

  1. Ingrid

    Quickbooks or Sage Accounting for start-up ltd company?

    Most accountants would be ok with both Quickbooks and Sage. I personally much prefer Quickbooks. You might want to check with your accountant before making a decision.
  2. Ingrid

    Book keeping costs

    If you are looking at employing a freelance bookkeeper, fees also vary depending if the work has to be done on site or can be done remotely.
  3. Ingrid

    Start up cost on self assessment form

    Enter your expenses as a single total, no need to complicate things!
  4. Ingrid

    Limited co - Idle funds, Dividends &/or salary, pls help

    You can take a salary of £5,715, on which you won't pay any tax or national insurance contributions. Once you have reach that threshold, dividends are probably the most tax efficient way to take money out, but it depends on your and your husband's circumstances as well.
  5. Ingrid

    US Cheque Cashing

    8 weeks seems a very long time. It depends on the amount as well. Last time I cashed a US bank cheque, it was cleared within 10 days (Barclays) but it wasn't for a very large amount.
  6. Ingrid

    VAT Underpayment

    As it is under £10k, there is no requirement to let HMRC know about it, just include it in your next return.
  7. Ingrid

    Changing year end with HMRC

    Yes, writing to them will be a lot easier and less frustrating.
  8. Ingrid

    Agents Priority Telephone Line

    I have called them on a few occasions and was very pleasantly surprised - compared to the standard line: call answered quickly and queries handled in an helpful and efficient manner.
  9. Ingrid

    Reprinting and resending out old copy invoices

    I don't think this is a legal requirement but it can be useful, so that they know for sure that it is a copy.
  10. Ingrid

    10 ways to save tax with your company

    Good basic advice. I would be careful with the VAT registration advice though, if your customers are non VAT registered (individuals, start-ups), definitely not, particularly with the planned VAT increase.
  11. Ingrid

    Advice sought

    You can make a good deal of interest on that kind of amount over 2 years, particularly as you will not need access to it. The rates on fixed-term savings accounts are low at the moment but if you require a no-risk option, you could go for one of those. Have a look online, some providers won't...
  12. Ingrid

    Shareholder/accounting advice sought! Please help!

    As suggested above, an independent firm would be much better.
  13. Ingrid

    Accountants - who is your PII provider

    Simply business for us
  14. Ingrid

    Getting Paid in Dollars- Working out tax

    Hello, You have to use the exchange rate at the time the $ payment was received. The guidelines from HMRC are to use the spot rate on the day the payment is received. You can find the exchange rate for any particular day on the Bank of England website. Hope this helps! Ingrid FRAccountants
  15. Ingrid

    Horsham, Crawley & Gatwick area - who's invloved?

    Hi Gavin, I am in Redhill. Regards Ingrid FRAccountants
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