Recent content by Spur Support Services

  1. Spur Support Services

    Personal Taxation: Capital Gains Tax

    Definitely get an accountant as soon as possible, as the Capital Gains Tax also needs to be reported online and paid within 60 days of completion of the property sale.
  2. Spur Support Services

    Resigning as a director

    You really need to speak with the accountant to understand your financial position and the company's finances/commitments, then speak to the other shareholder to see if they want to buy your shares and are willing to negotiate recovery of your Director's Loan account. Please note that if there...
  3. Spur Support Services

    Adding a charitable donation to our annual fees?

    If you will be pledging to give part of your income as chartable donations, then the charitable donations will be deductible in most circumstances, with the original pledged income as your sales (included in your sales for VAT registration purposes). If you want to raise donations from your...
  4. Spur Support Services

    VAT on refunds

    Ask them to raise a bill for the travel costs, before you pay it. If they include VAT on the bill then reclaim it.
  5. Spur Support Services

    Confusion with high turnover, low profit and realising very late that over VAT threshold.

    The Overseas Shipping would be Outside the Scope of UK VAT, not 0%. I would check that your accountant is appropriately qualified to advise on VAT.
  6. Spur Support Services

    New Ltd company - do I HAVE to use an accountant?

    If you are looking to move to a limited company then does that mean you are looking to grow? If you are looking for an accountant, then ensure that you are looking for the right sort of accountant, who has the training, qualifications and experience to give you the services you need. For...
  7. Spur Support Services

    Avoidance or Evasion

    If there is no commercial basis for the charge, If it does not reflect a commercial arms length transaction for the value of services received by one entity from the other, Then the cost is highly unlikely be tax deductible in the company that is being expensed simply because it's not wholly...
  8. Spur Support Services

    VAT Digital

    I suggest move to a Digital Accounting Software such as Xero for creating sales invoices and bank feeds, with Hubdoc (free with Xero Business editions) for uploading cost invoices/receipts. Whilst you indicate that you are "almost computer illiterate" these systems are aimed at trying to keep...
  9. Spur Support Services

    How to record paying back director’s loan

    Or in Xero terminology - Initial loan from company - treat imported/uploaded bank statement item as Spend Money transaction - 10k to Directors Loan Account 835 Pay back loan - treat imported/uploaded bank statement item as Receive Money transaction 10k to Directors Loan Account 835
  10. Spur Support Services

    How can I see the revenues of an LTD in Companies House?

    Estimating revenues based on Micro Entity or Abbreviated Small Company Balance Sheets, is futile. There are too many factors that may be affecting the balances. However, companies retain more detailed accounts for each year, but they may see this information as commercially sensitive. You...
  11. Spur Support Services

    Trustpilot problems - Bogus reviews

    I appear to have found a quick way of getting rid of them. I ended up with 2 yesterday. Click through to the spam reviewer, who will invariably have posted exactly the same review to multiple companies. Copy that web page address and forward that to the help team. It seems to result in the...
  12. Spur Support Services

    Accountant for a dormant company

    I've sent you a message.
  13. Spur Support Services

    Trustpilot problems - Bogus reviews

    Has anyone else had problems with bogus companies leaving false reviews on Trustpilot with links to their own websites? It's happened twice to me in the last month. I then have to arrange for their removal, to ensure that any potential clients are protected from unknown links. Is anyone else...
  14. Spur Support Services

    Where Am I tax resident?

    Each country has it's residency laws which may mean that your worldwide income becomes taxable in that country. Nomad tax rules for those constantly moving between jurisdictions are one of those areas that I carefully try to keep away from, but if you are constantly moving then you should have...
  15. Spur Support Services

    Moving from Sage 200

    I really couldn't comment, without knowing far more about your business. There is a lot of choice out there and if you have access to the App store via Xero, then it's worthwhile arranging some demos with those software providers. However, don't forget the other functional areas of the business...
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