Recent content by Jeremiah@RHJ Accountants

  1. Jeremiah@RHJ Accountants

    what software would people recommend.

    Xero is best in my opinion. As you have spoken to your accountant, why not try a free trial of Sage or QB (I am not a fan of either) and see if you like it. does your accountant offer training on the above? As we do this for our clients on any software we recommend. The accounts software is...
  2. Jeremiah@RHJ Accountants

    How often do you go Networking?

    Formal networking never!, however informal where there is good food count me in:D
  3. Jeremiah@RHJ Accountants

    Getting fed up paying loads of tax

    I would suggest speaking your current accountant and other accountants who can give you specific advice on your business and personal tax situation which I am sure you will not want to divulge on a open public forum.
  4. Jeremiah@RHJ Accountants

    How much should a bookkeeper/accountant cost me?

    I would suggest an automated process like Xero or QB. You can pull all the bank feeds and shopify transactions through and then it is a case of reconciling. Where are the purchase invoices from can this be automated or are they manual records that would need inputting? All of our Ecommerce...
  5. Jeremiah@RHJ Accountants

    How to present records to HMRC during a vist

    Do you have VAT schedules as the VAT boxes on the return will not show anything apart from figures. The VAT inspector will want to see evidence of what has been sold and claimed. Surely your accountant has explained what is required in a VAT visit?
  6. Jeremiah@RHJ Accountants

    How to present records to HMRC during a vist

    I have dealt with VAT visits for my clients and it is very straightforward. HMRC will ask for a list of what they need and you give it to them, even if it is 5000 pages (will be a long visit!) or if you use accounts software then you can PDF or Excel and send over email to the VAT officer...
  7. Jeremiah@RHJ Accountants

    Moving from Freeagent to Xero

    You would be better off asking Xero as they have a support team, or even better you accountant can ask Xero themselves as are they a recommended Xero Partner?
  8. Jeremiah@RHJ Accountants

    A good alternative to Sage 50 Accounts?

    With the likes of Xero, QBO and others Sage is not the best option for most businesses nor does it fit their requirements.
  9. Jeremiah@RHJ Accountants

    Sole trader photographer

    You may want to be aware of the following tax rates: Basic Facts For 2018/19 The tax free allowance is £11,850 – so tax is not payable on the first £11,850 of income. If your taxable income exceeds £100,000 this allowance is gradually withdrawn. The next £34,500 of income is taxed at 20% -...
  10. Jeremiah@RHJ Accountants

    Current VAT registration timescale

    I would say within two weeks is the norm unless there are further questions or checks required by HMRC. Check your online portal for any VAT messages and you will see what has been asked for.
  11. Jeremiah@RHJ Accountants

    PAYE Tools

    Your welcome :)
  12. Jeremiah@RHJ Accountants

    LTD Formation Advice

    I would agree with the above but I am biased! Or at least have a free initial consultation with an accountant.
  13. Jeremiah@RHJ Accountants

    Giving shares for free

    Why give someone shares in your business when they did not put in any of the hard work to get you to this point. I always advise my clients to make a list of pros and cons of giving shares away for free or for money. Some things to consider like control, income splits what happens when the...
  14. Jeremiah@RHJ Accountants

    PAYE Tools

    PAYE tools is maybe not the best option! try software like Brightpay or Moneysoft Will save you time and money.
  15. Jeremiah@RHJ Accountants

    commercial property

    Looks like others have already answered regarding this. My best advise would be for each person to speak to their respective accountants as they will know theirs businesses in terms of turnover, profit, cashlfow etc. Plus speak to an IFA regarding the pensions too. You can make a transfer...
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