Recent content by Nick Kay

  1. Nick Kay

    Introducing loan into business

    Hi Philip, You may need to create a new account code for the loan first. Then you can code it to this account from the bank reconciliation screen. More than happy to take you through on line if you like. May be easier than writing full instructions on here. Thanks, Nick.
  2. Nick Kay

    Kashflow- how to keep track of CIS on sales if gross payment status?

    There is a CIS section on the Kashflow knowledge base website that covers CIS, apologies but UKBF won't allow me to paste the full link. akademy/kb/cis-options/
  3. Nick Kay

    Project over-budget - can I invoice more?

    Have you had the conversation with them explaining the scope creep that occured and the extra work (therefore charges) that this incurred? You may find they are quite happy to pay the extra, especially if they are more than happy with the outcome of your work. Ron Baker has written some...
  4. Nick Kay

    What is a good company to do large FX transactions with?

    Take a look at transferwise.com
  5. Nick Kay

    How to buy a business from an accounting perspective

    I should of been more specific...in terms of models I was referring to things such as Porter's 5 Forces (to understand the industry that the business is in)...SWOT analysis on what you know about the business...using the McKinsey's 7S model, which may highlight some of the areas that Chris...
  6. Nick Kay

    How to buy a business from an accounting perspective

    As a Management Accountant my focus would be on identifying a suitable purchase price range for the business, understanding exactly what is being purchased (and why) & researching the opportunities and risk that are provided by the specific business and the industry it is in. You could do this...
  7. Nick Kay

    From sole trader to ltd.

    Hi Tony, Your SA will be the earnings from the sole trader business up until Dec, plus your pay and any dividends for Jan-Mar from the Ltd business. You will still need to submit a SA each year as you will be a company director. Once the Ltd company is registered you will need to then...
  8. Nick Kay

    Invoice & Quotation system

    Quotient App is a nice online proposal/quotation software...With invoices created automatically in Xero when the client accepts the quote. Worth looking at.
  9. Nick Kay

    Deciding if it's worth applying for R&D Tax Relief

    Definitely worth claiming, and I would suggest using a specialist...many of which operate on a no saving no fee basis. The completing of the tax return and the calculations is just one element of the R&D claim, so as long as its backed up with the appropriate paperwork and you only claim what...
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