Recent content by primeaccounts

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    Capital Allowances

    Hi You would just claim the balancing allowance (restricted for any private use etc) as usual for this as far as I'm aware.
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    Accountant's Register / Database

    I'm not sure how ICAEW or the others maintain there's but there are two database's for ACCA members. I directory of members where you can check that a member is qualified and if they hold a practicing cert. Another database lists the ACCA registered practices.
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    Dividends v Salary

    That is true but there was nothing in the original post to indicate they were a personal service company or anything else to indicate IR35 may be issue. Just wanted advice regarding correct procedures etc for dividends. Basic tax planning for all limited companies is to take a modest salary...
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    eBay - tax return

    Strictly speaking you should declare them seperately as they are different business activities. I would have thought you would want to know for your own peace of mind how each business is performing also. If you are thinking about continuing the ebay business, then it would be better to...
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    Sole Trader to Incorporate

    The simplest way to do it would be for the limited company to buy the assets and liabilities from you as the sole trader. If its an established profitable business then you will also probably have generated an element of goodwill that you would sell to the limited company. This must be carefully...
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    Dividends v Salary

    Hi Although you should discuss your individual circumstances with your accountant as there could be other things to take into account that you may not be aware of. In simple terms it would be efficient tax planning to take a low salary then the rest as dividends and assuming you do not go into...
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    Payslip service for max 4 employees

    Hi all For anyone else who may be interested, we offer a full service payroll service including completion and submission of end of year P35's etc. For an annual fee of £75 plus VAT. If that is of interest to you or you would like to discuss this further please dont hesitate to contact me...
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    Payslip service for max 4 employees

    Hi I've just sent you a PM with a quote. Thanks
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    Sage Professional Bookkeepers Club

    I have found it to be value for money for the Accountants Club membership in terms of the discounts available for new software and the complimentary software but have not gained any new clients directly from being a member. I personally think Sage is a great product and advise all of my...
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    Certifying Earning Proof

    Like has been pointed out by a few others, it may be possible that they accept an HMRC assessment as being proof enough. ailing that, you could give an accountant the accounts that you have prepared along with all supporting records (bank statements, invoices etc) and they could do an...
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    rules for dividends - time of payment?

    No, as long as it has been properly minuted and a dividend voucher issued, it could be credited to the Directors Loan Account, then drawn as and when required. Regards Wayne
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    VAT and no VAT

    I would say strictly speaking this would not be allowed as you would be disguising your supply to him of the van. I think if you ever got a VAT inspection and HMRC saw his invoices they would ask you where your sales invoice was that was charging him for the van, then ask for output tax on the...
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    Don't think I can pay my tax bill on time

    As you say, if you have made a loss this financial year then you can reduce your payments on account which will relieve some of the burden. Also, if you have made a loss (depending on your year end) if you can get this yrs accs done asap there may be a possibility of offsetting some of the...
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    ltd company ceased trading but owes money?

    As your company would be insolvent, if you filed the form with companies house to strike off the company, if you owe any money to anyone (such as HMRC, the bank etc) they can object to the dissolution order or apply to have the company restored. You may find that you had to sign a personal...
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    tax question

    Unfortunately so!
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