Recent content by penquanash

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    Gross income on P60

    Pay is your Gross income. DO NOT ADD IT TO YOUR TAX DEDUCTED TO ARRIVE AT YOUR GROSS INCOME
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    A Few Basic Accounting Questions Pertaining to my new Ltd

    You can go this website. http://listentotaxman.com/ For anything, you can send me a private mail and I will answer
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    Free accounts software

    There is nothing like free in this world. If it is free, you will only have access to limited functions unless it is a 30 days free trial
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    24 hour phone answering service

    try soho66.
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    A Few Basic Accounting Questions Pertaining to my new Ltd

    -For a salary of £8105, you will pay a total national insurance of £146.71 -Income should be recognised seperately from fees. Put them seperately -The profit or loss figure on which tax is calculated is different from the profit/loss figure showing on your profit and loss account. This arises...
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    Fixed Asset

    Thanks It will be hired for more than one year so I will capitalise it. Will the £5000 capital expenditure qualify for Annual investment allowance?
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    Fixed Asset

    Hi Anna, The other company gets the benefit of the modification
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    Fixed Asset

    Hi Guys, My company deals with the transport of food and liquid waste. We have hired a tanker from another company and recently we incurred a cost of £5000 to modify the tanker from Milk carrying to Silage. Can i CAPITALISE the cost ?
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    CAptial Allowance

    Did you buy the laptop specifically for business
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    Accounts over more than 12 months period

    Company's annual returns is from 01/10/2010 to 30/09/2011. HRMC must have sent you a letter confirming this date. If you were a soletrader before you set up the company, then you must notify HRMC and produce your final account as soletrader upon which income tax will be calculated.
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    Getting CT600 Statutory Accounts from PDF

    CT600 is for corporatin tax returns which is different from statutory accounts. What software are you using
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    Could you please explain share capital and dividend please

    SQUICK2010 Have a nice day and good luck in your business
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    Could you please explain share capital and dividend please

    Squick 2010 Depreciation is calculated by dividing the cost of audio software by the lifespan of the audio software. If you buy audio software for £200 and it will last for 4 years. then depreciation for each year is £50. Please drop me a private message and ask any questions that is bothering...
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    Could you please explain share capital and dividend please

    squick2010 The share capital of a company is not increased by the profit. Share capital can only be increased if the company issues more shares. Dividends are paid to shareholders (peoplle who hold the shares) If you buy the shares for £1 per share and now when they value the company the shares...
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    Ltd Co PAYE Salary Query

    You will pay £85.25 Please drop me a private message to ask any question that is bothering you.
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