Recent content by JulianHobbs

  1. J

    separating a business

    There isnt really enough information in the original post to determine why the business is being split. What is the wife's business, why is it separate to the main public house business etc? However, in the absence of further information, it sounds like this could be an artificial business...
  2. J

    Regaining Money and leaving

    It is possible that the legal paperwok, shareholders agreement in particular, contains a precise procedure for when a shareholder wants to exit the business (for example the share must be offered to existing shareholders before being sold externally). The shareholders agreement can also contain...
  3. J

    Legal Expenses Accounting Question

    Question for fellow accountants: A client has just set up a consultancy as Ltd company. His previous employer decides to sue the Ltd company one month into trading for setting up a business competing with his own (claimed that the previous contract of employment had an anti-competition...
  4. J

    VAT Flat Rate Scheme

    Thanks for the replies, guys I checked with the Central Helpline - like me they were surprised by the complete absence of guidance for this situation. In the end, a technician advised me to reclaim the full amount in the current quarter (as long as a valid VAT invoice exists) and not worry...
  5. J

    VAT Flat Rate Scheme

    Question for all you fellow accountants out there: When using cash accounting on the VAT flat rate scheme and a purchase of a item over £2k is made, VAT can be reclaimed as for normal input tax. However, say payment for the item is made over 2 VAT qtrs - ie £5k in this qtr and £5k in the...
  6. J

    VAT registration

    2-3 weeks right now is the normal turn around (assuming the application is straight forward) Julian Hobbs Chartered Accountant
  7. J

    VAT underpayment

    Question: I have a client for whom I'm currently doing final accounts. Client is VAT flat rate registered, but has paid VAT on the Ex-VAT figure not the INC VAT turnover for 4 quarters. He has now de-registered and ceased trading. The underpayment is quite a lot of money, and obviously...
  8. J

    Expenses

    Hello, Question for other accountants out there. I have an IT contractor who has asked me to do some accounts for him. I've looked at his file, and whilst he's certainly within IR35, he has been a little, how shall we say, liberal with the expenses. There's a few business 'conferences' etc...
  9. J

    Getting our first accounts done

    Just call up the Corporation Tax Office the company is assigned to. They will advise you of the current required tax filing dates. Julian Hobbs Chartered Accountant
  10. J

    Practice Management

    Thanks Nicola, I've found the thread: http://www.ukbusinessforums.co.uk/forums/showthread.php?t=96323&highlight=practice+management Very useful - it seems I'm not the only one to be looking for this.....
  11. J

    Practice Management

    Hello everybody, I have a small accountancy practice looking after a limited number of clients - but getting larger. Can anybody recommend a reasonably priced Practice Management tool - one that works with filing deadlines that can be inputted for each client? More than anything I'm...
  12. J

    Fixed Asset Software

    Hello, Can anybody recommend a spreadsheet or software for tracking fixed assets and calculating depreciation. I've got in-house ones, but they are getting clunky and a little disorganised now. Does anybody have a cost-effective solution they use for this? Thanks, guys Julian Hobbs...
  13. J

    Statutory Accounts Software

    Does anybody use VT software for bookkeeping? If so how do you find it? Regards Julian
  14. J

    Statutory Accounts Software

    Hello, I am a Chartered Accountant with a limited number of small clients. Currently, I do all their Statutory Accounts work just in Microsoft Word using templates I have developed over a period of time. However, it is becoming a little time consuming to roll these things forward and I'm...
  15. J

    Reducing Share Capital

    Hello, Odd question - got a client who incorporate a company online. For some crazy reason, they allotted 666 £1 shares to themselves, and now obviously I have told them they have to pay up for that share capital. The company was only incorporated a few weeks ago - I presume they can reduce...
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