Recent content by K2 Accountancy

  1. K

    Self employed - Using two vehicles

    Thank you for the response Adam. The individual in question is self employed so the BIK rules will not apply as they would in a LTD
  2. K

    Self employed - Using two vehicles

    A self employed individual uses both his van (owned) and his car (leased) as part of his business activities. The HMRC approved mileage rates are used for the van but a query has been raised as to whether the restricted lease costs, apportioned for private use can be used for the car. My...
  3. K

    Pre-registration VAT

    Thanks John and Les. Would you say that this is the same for the engine and other goods that are still in use at the registration date as well as the taxi purchase themselves. In my mind, if HMRC implemented the view that has been suggested then surely any services, which pretty much always go...
  4. K

    Pre-registration VAT

    Thanks UKCA, your exactly right in that it was the VAT notices and the VAT guide from which the decision to include the whole amount has been determined but it is regulation 111 that the HMRC officer is now referring. Problem is that we have now been asked to revisit the return to ensure that...
  5. K

    Pre-registration VAT

    Afternoon, Newly VAT registered minibus and taxi hire business that has operated for a number of years before reaching the VAT threshold. A submission has been sent to HMRC in respect of the VAT on pre-registration goods going back four years and services going back 6 months that were still in...
  6. K

    Introductions please!

    Referring to the Wales section rather than the site in general, which i agree is very good :)
  7. K

    Introductions please!

    Thanks HFE, really is a sleepy old place :)
  8. K

    Starting Practice

    I take your point IPI but surely the HMRC website would be as good a place as any for technical advice regarding such issues? Im waiting for the uproar after this comment mind :) In terms of the general questions then i feel as if these forums are ideal and i certainly have benfitted from...
  9. K

    Starting Practice

    Thanks again Elaine. Are these courses more for clients that are also contractors rather than purely subcontractors. These two particular tradesmen subcontract for one company but do not sub that work out themselves, basically they are labourers as and when required. Will certainly have a...
  10. K

    Starting Practice

    To be honest i am siding with the sole trader initially, i will need to run the figures based on forecast but my gut feel is this route. As you say Elaine, the limited liability that incorporation would bring is the main thing that has been concerning me with regards to sole trader but...
  11. K

    Starting Practice

    I will certainly look into the revision course option and hopefully this together with my current knowledge will allow me to offer the services that i propose to potential clients, thank you. I have seen that there is a thread in relation to the structure of the practice but out of experience...
  12. K

    Introductions please!

    Hi guys, doesn't look as if the Welsh section is very active but i will introduce myself either way.:) I am setting up an accountancy practice in the Swansea Valleys called K" Accountancy Services, offering bookkeeping, accounts preparation, self assessment tax returns and payroll services...
  13. K

    Starting Practice

    Thanks DFL, looks like you have been missed around here :). I have replied to your message on AW and appreciate your comments on both forums, always nice to have some positive support especially when taking such a big step. Also thanks Nicola, it definitely seems as if ATT exams would be...
  14. K

    Starting Practice

    Haha, thanks for that, will bear it in mind when going on there. I never said that i only did it for one company (in fact we have a few too many if anything) :) but look i understand where you are coming from and i agree that i will need to have a sound understanding before offering certain...
  15. K

    Starting Practice

    No worries, missed the bit that said that this "has been achieved more in industry, especially in current role" but hey thats not a problem. The mistakes i mention are totally in relation to the way the business is going to be set up and run, obviously this would not in any way compromise the...
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