Recent content by MrGerbil

  1. M

    Retrospective Invoice Demand on pay monthly missed payments

    Are you VAT registered? That is crucial to giving the right answer.
  2. M

    How much would this cost?

    That varies between accountants. I personally never do monthly payments.
  3. M

    Sole Trader Closing inventory

    Yes.
  4. M

    Sole Trader Closing inventory

    If you can sell it, fine. The sales receipts become part of your turnover. Did you mean to write "can't" rather than "can"? If so, treat your sole trader business as continuing for tax purposes until you sell, scrap, or give away the stock.
  5. M

    How much would this cost?

    I wouldn't quote less than £2,000 for this, maybe a lot more, depending on complexity.
  6. M

    VAT Correction

    You have not addressed the key question. Which company is your contract with? X Inc, or X UK Ltd? It is not the case that anyone can pick or choose which company to invoice: you must invoice the company you had the contract with.
  7. M

    Sole Trader Closing inventory

    Yes, you can sell it personally. Whatever you get for it should form part of the turnover in your final period's accounts, and the cost of the stock can be written off there too, though if you are using the cash basis that will already have happened.
  8. M

    Travelling international and what to claim

    Yeah, right. Obviously you just want a holiday subsidised by the taxpayer. We accountants often have clients try it on like this, in much the same way that they claim that their giant screen TV was bought as a computer monitor, or that their £2,000 bicycle was all for work journeys.
  9. M

    Update to HMRC repayment delays

    UK Contractor Accountant was making a facetious comment. it has no legal basis, so ignore it.
  10. M

    Update to HMRC repayment delays

    'Wish me luck' Good luck! Unfortunately, that's the only assistance I can give, as you are doing all that can be done.
  11. M

    Debtors Control Account not balancing

    It is impossible to answer this from the facts given. There are a thousand possible reasons for this imbalance. You should appoint an accountant to deal with it.
  12. M

    Sole Trader: Expensive Swivel Chair

    Just from what you have said I can see several mistakes you have been making. You need to appoint an accountant and get him to review what you have done.
  13. M

    It's time to pay myself as a company director, can I do it or do I need an account?

    I recommend you ask your existing accountant (assuming you have one -if not, get one NOW) to do it for you, as he will be able to set the payroll each year at a level that is efficient both for tax and for making each year qualify towards the state pension. A payroll of one director can be done...
  14. M

    Travelling international and what to claim

    Is this really a business trip? It sounds like you just want to have a week in NY and get a tax deduction or it.
  15. M

    Best Payroll Software/Company for Small Business

    I've never used Moneysoft, so I can't judge it.
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