Recent content by reachbesal

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    Last salary as director and going as perm employee with different company

    Hi Guys Happy new year to all. My contract has come to end and I am going to start as permenant empoyee with different company. Quick background- Sole Director - sole employee (I am not registered for VAT) and last year I have drawn salary from April 2018 to Dec 2018. I have withdrawn my...
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    VAT-FRS

    Thanks Scalloway
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    VAT-FRS

    Thanks Nicola TBH, I have not asked them, but if they say they say "yes" how can I bill them for VAT for the last 3 months.
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    VAT-FRS

    Many thanks for your reply Anna and Nicola. So far (before registering for VAT) all the invoices (to client) were made out without VAT and paid into my business bank account May I please ask for your advice, whats the best way to get the VAT from the client (they are VAT registered company)...
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    VAT-FRS

    Thanks Nicola for your reply. You are correct , I made a voluntary registration. After reading the link you provided, as I was not registered for VAT and all the previous invoice From Jan to April I cant bill my clients VAT. That is clear now :) . Once I get my VAT registration number , I will...
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    VAT-FRS

    Hi All I have a limited company and started trading from Jan 2018 and we were not VAT registered at that time. Recently I came to know about VAT-FRS and registered for it yesterday, hopefully within few days I will get the VAT registration number. The question is following 1) when I...
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    Payroll - Questions

    Thanks SteLacca
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    Payroll - Questions

    Thanks for your advice SteLacca, I will make sure we are not getting into that position. I am not an agent, I am trying to help my partner (who is the owner and director) without taking any financial benefit.
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    Payroll - Questions

    No more questions, thanks for your patience and for your advice.
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    Payroll - Questions

    Thanks I will do as you suggested. I have put the salary for the month of march £5708 which was the remaining from tax free allowance into the director's personal bank account, now I will run March payroll and submit FPS then submit final EPS when i get the HMRC PAYE activation code. With...
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    Payroll - Questions

    Thanks Cyndy. I will do as you suggested, setup payroll correctly with tax code and run payroll today and file it when i have the activation code. With regards to Jan (£-582) and Feb, after I have submitted FPS (for March) I should submit EPS as final submission?
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    Payroll - Questions

    Many thanks Cyndy for your reply. As the software is already showing Net Pay for Jan 2018 for £582 which we have not paid as we didnt run the payroll for that month and we didnt run for Feb as we were setting up with HMRC for ref number etc. Do I need to run payroll for Jan 2018 and pay the...
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    Payroll - Questions

    I have changed without M1/W1 option and now if I select £5000 , i dont have to pay PAYE tax. I have noticed some thing new , when I select "NO" on M1/W1 , then the payroll is showing minus - £582.60 for the month of Jan 2018. I am not sure, if its due to the director was in a employment...
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    Payroll - Questions

    Thanks for your reply. I got that from Capium , there is a option called " Is this tax code operated on a week 1/month 1 basis " and I selected Yes, I will try to change it to "NO", and let me see if that works. Can you please advice- when do we choose yes for - Is this tax code operated on a...
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    Payroll - Questions

    Thanks NewChodge and SteLacca So just to double check, I will pay the salary today for the month of March (6th March to 5th April) from Business to Personal account and after i get the activation code. 1) First I will run the Payroll to complete the FPS for March salary paid on 5/4/18. 2)...
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