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I have a job which is due to take place in tax year 2013-2014 but the customer has paid early. I pay contractors to do the work, but they invoice after the work has taken place. Would the payment received go towards this years accounts and the payment to the contractors in next years account or...
I really hope someone can help me I'm at my wits end! I have a small company and often take on freelancers to do work on my behalf. I ensure they all have public liability insurance before we agree to them doing the work so I thought I was pretty much covered if anything went wrong.
Now, I...
Whilst doing last years account, I had misplaced a receipt for some equipment. I have since found it, so I was wondering if there's a way of offsetting it against this years account instead. The receipt was dated 30th March, so only just before year end and was paid for using a personal credit...
I am a sole trader and I'm thinking about getting some freelancers onboard for now and again (very casual) When it comes to doing my tax returns how much of their costs can be offset?
I'm starting to think it might be best staying with the accountant after all, after hearing all of your coemments! From what I gather mine should be straight forward as my turnover it's self is only about 5k with hardly any outgoings - hardly blue chip company!
I have two very small businesses and in the past I have had an accountant do my accounts for me but this time I'm going to have a go myself as everyone tells me how easy it is. For the expenditure, do I add up my receipts for both companies or do they have to be entered separately?