Recent content by My Office Accountant

  1. My Office Accountant

    Company accounts - loans/overdrafts

    Yes, if you are signatory to the bank account, you can check the bank accounts.
  2. My Office Accountant

    Is car hire + fuel tax deductible as a self employed musician?

    That right you play tax on your profit after your personal allowance. As you are a self employed, and your expected turnover is about £10K. You all only need to put class 2 NI, and not class 4 NI. so your profit will calculate as (10,000-150)-7450
  3. My Office Accountant

    Company accounts - loans/overdrafts

    You ared correct that shareholder can not request meeting with the company accountant. However, for SME, the shareholder are 99% also the directors whos has the obligation and duties to maintain good records. If the shareholder is also a director of the company, they have the right and duties...
  4. My Office Accountant

    Company accounts - loans/overdrafts

    If a loan or o/d is shown in the account, it means there is a loan or o/d activated. As a minority shareholder, you can request a meeting with the accountant to explain the account to you.
  5. My Office Accountant

    Basic accounting: how to record the paying up of shares

    It both way now. It to avoid money laundering.
  6. My Office Accountant

    Soletrader to limited - confirm changeover?

    NO, you dont need to re-install the program. The bank account of the soletrader is different to the LTD bank account. You need to close the ledgers for the sole trader business. If you need specific advice, let me know.
  7. My Office Accountant

    Loan from director in case of liquidation

    The loan will be treated like any other creditors as it is unsecure. If you need any more help, please contact us. MyOfficeAccountant.co.uk Tel: 0800 988 2656
  8. My Office Accountant

    A little help with Sage please

    You will need to post it on the date on the receipt.
  9. My Office Accountant

    Soletrader to limited - confirm changeover?

    You will need to close your old company account and start a new one for the company business. If you need any advice how to do it, please contact us. If you need any more help, please contact us. MyOfficeAccountant.co.uk Tel: 0800 988 2656
  10. My Office Accountant

    Enforcing CCJ

    Hi The best advice is to go to company house and buy their last final account. The account should able to show the cumulative assets and liabilities they own at that time. If they company is less then 12 month since they file their account, you can apply for bankruptcy for the company as you...
  11. My Office Accountant

    Soletrader to limited - confirm changeover?

    Hi . If you are selling the sole trader business to the company, you can sell the assets, and take the proceeds as either cash or shares depending on the agreement. If you need any more help, please contact us. MyOfficeAccountant.co.uk Tel: 0800 988 2656
  12. My Office Accountant

    Maternity allowance for unpaid company director?

    Hi Chitch Yes, you can claim the state Maternity Allowance whiles you are off work. As your previous employer will be paying you the allowance, then after they stop paying you, then you should make a claim to DWP. They will also pay you for the 2nd Child and if you have no income coming...
  13. My Office Accountant

    self employed to employed p45 or p46?

    Yes, income from different sources are grouped accroting to their source, e.g employment, SE, rentals, dividends. The tax paid or losses carried forward depends on the source. The correct wording has been used. if you need some advice on tax issues, please PM me. regards...
  14. My Office Accountant

    How much for yearly accounts?

    It pays to get it right first time
  15. My Office Accountant

    Do I need to Charge Vat on a service recieved in another country?

    The VAt rules does not change. The general rule is VAT is payable where the customer enjoyed the good or services. e.g if you book a hotel room in the UK for use in the UK, or other EU countries, then VAT is payable, if it booked in the UK, but to be used in the USA, then it a non VAT able...
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