Recent content by MJ Holohan

  1. M

    Invoices raised before VAT registration

    Second one works. Just a matter of timing
  2. M

    Invoices raised before VAT registration

    It will probably take a couple of weeks to get your VAT registration number. From the date you register you can reclaim VAT on purchases but should also start to charge VAT to customers. The correct way to do this will be to reissue invoices once you have your VAT number. Alternatively - how...
  3. M

    VAT on sales/imports to Ireland

    We have offices in Ireland and UK so well placed to help. If you are invoicing a client in Ireland. Include UK VAT on your invoice as this is your jurisdiction. They can then reclaim the VAT on EU purchases when completing a VAT return.
  4. M

    Starling Bank Early Access

    Why do you want to cancel the account with Barclays? We helped a client open one recently. It helps if you keep the pressure on them.
  5. M

    Blogger Needed

    Hello, We are looking for someone to help with the blog on our site. We are looking for someone who is interested in writing about current issues facing small businesses particularly those of a financial nature. Will pay for posts. Get in touch if you think you might be interested. Best, MJH
  6. M

    Defered Payment

    Without looking at contracts etc.. you would be expected to pay in line with contract. You say the business is not making what the client says. Did the client make representations that you based your purchase on? This could be worth looking at.
  7. M

    Basic accounting for idiots

    Definitely look at some online accounting packages although you can probably make do in the meantime if cashflow is very tight. Although you will incur book-keeping costs anyway. As per Nicola above you should budget for some accounting costs anyway as will make your life alot easier!!
  8. M

    Accountancy / Sales Ledger Software

    Xero should be able to do this for you
  9. M

    micro entity accounts

    To be honest it sounds like you need to keep paying that accountant or get another to sort these things out. No one will be able to properly advise you without seeing your actual numbers
  10. M

    Sole Trading: More Than One Business Banking Query

    No you don't need to. But it might be easier to operate 2 bank accounts so you can see how much each business is making.
  11. M

    Use of home as an office for companies

    Do you rent or own your house? If you own it you are not able to claim your mortgage payments. You can claim part of your bills as these are genuine business costs.
  12. M

    Accountant fees

    Sounds very expensive for a business of your size. It might be determined by how you are setup but if you are setup right, and have a bookkeeper doing most of the work, it should be significantly cheaper than this.
  13. M

    Early trade losses relief

    This is quite complicated and I would need to look at in more detail but I still think you might be better to incorporate sooner. You would likely be able to avail of EIS now as an unpaid director if you invest cash in the business. This in addition to the investment allowance you would...
  14. M

    New estate agency business

    Next step would be to analyse some of the numbers to see the best way to structure it for you. Could save you alot of money in the long run. Then we would set up a limited company. Let me know if you want any help.
  15. M

    Start working as self employed as a foreigner

    How much will you be earning? It might be worth setting up a limited company once you have your NI number.
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