Recent content by nelioneil

  1. nelioneil

    UK structuring of overseas rental property funded from trading company

    By client, do you mean yourself or friends of yourself? This is way beyond what this forum offers, and no wise accountant would ask such a range of questions to the general public.
  2. nelioneil

    Commercial Lease confusion: states Tenant pays VAT on rent AND that rent excludes VAT

    Ask your solicitor for clarification. Generally the landlord can only charge VAT for the commercial premises if they are vat registered and have opted to tax.
  3. nelioneil

    Banking Non UK Resident Shareholder

    Is it a dealbreaker that Revolut do not accept cheques? Seems a minor issue considering the hoops you had to jump through for getting a bank account as a non resident.
  4. nelioneil

    Can a company cancel a contract when they proceed to take payment?

    It seems like the payment coming out is a simple oversight or error on their parts. E.g. cancellations team or people not communicating with their accounts team. No service was provided and I'm sure its in their Ts and Cs they can refuse to open accounts or fufil orders. They are not obliged to...
  5. nelioneil

    Only ask for help/advise

    Can you confirm if you were a director? And if so, did you have access to the books to confirm the company’s financial state? Potentially as a shareholder you may have a case for unfair treatment of a minority shareholder for the actions they have taken.
  6. nelioneil

    Is opening an LTD to buy a family members property to rent out a good idea?

    I would check with a solicitor - I’m sure even buying through a company you would lose FTB status which also has an impact on stamp duty for future purchases.
  7. nelioneil

    Accounts Production Software Options

    Would it not be simple to use purely HMRC online filing options for micro entities? They handle the accounts and (if necessary) the Corporation Tax return, and its completely free. Assuming you are not an accounting firm, If you are, then Taxcalc are very good from what I hear but there are...
  8. nelioneil

    Is VAT applicable

    I agree with the above post. Commercially if I was in your shoes, I would be happy to invoice up front at most for 1 year. Otherwise you are missing out the opportunity to increase your prices.
  9. nelioneil

    Using your own assets to sell business

    Interesting question - are client accounts necessary if the company is not acting as an agency and not in a regulated industry?
  10. nelioneil

    Tide Business Savings Account - is there a catch?

    Has this changed recently? When I go to the website the deposit minimum criteria is diffeeent:
  11. nelioneil

    50 : 50 shareholders and other owner gives a third away .. to her husband.

    This thread is a duplication (somewhat) of this: https://www.ukbusinessforums.co.uk/threads/family-business-my-shares-given-away-controlling-sister.426803/
  12. nelioneil

    Tide Business Savings Account - is there a catch?

    Bear in mind for Flagstone requires minimum deposit of £100k!
  13. nelioneil

    Family business - my shares given away! Controlling sister.

    If you have the messages confirming the brother in law should not have been a shareholder, then this could put you in a slightly stronger position. And also if he was not aware he was a shareholder - a signal he was unwittingly made a shareholder? Even though there are doubts about the...
  14. nelioneil

    Business bank recommendation.

    RBS/natwest group can do bulk imports if you use their Bankline facility. It is probably the closest to what you want to achieve. I have used it before and it also has dual authorisation. What I cannot remember is if it allows bulk import of non sterling currency but I am certain that option...
  15. nelioneil

    Company Debt and Dissolution

    Quite confused here . Why was the customer paying for 5 years after being dissolved?
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