Recent content by mlc2009

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    paid myself a lower salary than I could Have

    The extra 300 plus in my pocket couldn't hurt either :)
  2. M

    paid myself a lower salary than I could Have

    Thank you for the quick response, good to know! I just realised I did the same last year as well, just a shame I can't backdate that. Oh well
  3. M

    paid myself a lower salary than I could Have

    Hi All Sole director of LTD company I have been paying myself a salary of £703 for some reason this year, and could have paid myself £736 Is it possible for me to work out difference and give myself a one off payment for this year? I asked my accountant this question on Friday, but thought...
  4. M

    VAT Registration Enquiry?

    exactly my thoughts, the HMRC also said this when I rang them about it. My EU sales don't come near to the VAT threshold either
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    VAT Registration Enquiry?

    Hi All Today after 3-4 years of being a sole trader, I have a vat registration enquiry! I have been making a 100k-200k profit past two years, but this year I only made 100k profit. However, my business is fairly complicated I own 2 adult tube style video websites, which sell ads and...
  6. M

    Pension & Payments on Account question?

    I finally paid it :) I was under impression that %50 tax payers get some sort of rebate if they contribute to pension? I might of been wrong
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    Pension & Payments on Account question?

    I won't be able to pay my tax bill until tomorrow, and when I ring them to explain they say they cant deal with call at the moment, goodbye! Shall I just leave it and pay them tomorrow?
  8. M

    Pension & Payments on Account question?

    Ok I Submitted my tax return and on my calculation, it still hasn't taken last years payments into account ( 22k in total ) into calculation, any idea what i do?
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    Pension & Payments on Account question?

    Hi All, Two things to clear up, my accounts are very simple. However, I would like to be crystal on 2 things I'm an additional rate tax payer, Last year paid 40k into a SIPP and they topped it upto 50k. Do I put 50k on my self assessment or 40k? Also, as I pay 50pc tax, do the HMRC pay...
  10. M

    Payments on Accounts!? Confused and Concerned!

    sorry to hijack thread. I paid 2 payments on account last year, however they haven't been taken into account yet. When does this happen? I haven't submitted the return yet as the payments on account haven't been taken into account
  11. M

    Ipad2 as business expense?

    I run websites, I make and run them, so thinking of getting an ipad 2. This way I can see their compatibility with mobile devices and how they run ( file downloads ) would this be okay to claim it as a business expense? I realise this may be pushing it a bit with the HRMC, but I don't make many...
  12. M

    sole trader to ltd halfway through tax year?

    My credit card processing company says that they can set me up with a LTD company in Cyprus, I will only have to pay 10 pc corp tax there. This sounds very dodgy, is this legal?
  13. M

    sole trader to ltd halfway through tax year?

    Hi All, I'm a sole trader but as I've hit over 200k profit already since April, I think now is a good time to become a ltd company. How easy is it to go to ltd company halfway through tax year? Is this a lot of hassle or should I wait until April?
  14. M

    buying website from individual - expense?

    As I run adult websites, then nope. Would I have to state the site name also to HRMC?
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    buying website from individual - expense?

    bump for any information