Recent content by stevo5678

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    FreeAgent/Intuit Quick Books/SAGE One

    Xero all the way for cloud software It is the only software that you can guarantee it's future and continual development.
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    Sharing Profits

    Agree with the reply!
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    should my new company register for VAT?

    The business needs to be sufficiently separate when considering shared facilities, operations, people, resources etc. If everything is the same apart from the company name then that will not be ideal so there are several things to look at including ownership structure (are the shareholders/ings...
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    claiming VAT on home improvements?

    I'm afraid that's a no. You claim 'use of home' which accounts for the business use. Claiming VAT on home improvements will certainly upset HMRC.
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    Local accountant

    I am based in Cheltenham. I am a qualified accountant and have started my own accountancy practice around a year ago, although I also have a job while my business is still growing so my fees are competitive but I tend to provide a more complete and personal service than other firms. I aim to...
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    Management Student Looking For Help!

    Hi Francesca, If you need any help related to the accounts/Co set up side I am based in Gloucestershire. Good luck with the research. Thanks www.cheltenham-tax-accountants.co.uk
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    Setting up a mobile games company

    You can do it several months in. You will need to consider dividends vs salary. I would definitely recommend an accountant for the sake of saving a few pennies. Steve www.cheltenham-tax-accountants.co.uk
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    Changing from sole trader to Ltd

    Hello, It can be straight forward but there are many areas to consider and you can potentially save a lot of tax. You can consider selling goodwill to the Ltd co from the S/T if it has arisen post Mar 2002 which can save tax, plus you need to consider share structure etc. Let me know if you...
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    Anyone From Gloucestershire here?

    Hi Zoe, I am based up the road in Cheltenham. I am a qualified accountant and have started my own accountancy practice around a year ago, although I also have a job while my business is still growing. I aim to work with small local businesses from Gloucestershire and this is where my strengths...
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    using agent to setup ltd business

    You can just print it off, it's not an issue.
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    Setting up a mobile games company

    Hi Greensky, If you would like advice for the Ltd company in terms of tax and accounts etc feel free to contact me as it is quite different to being self employed. I can advise you on a number of things in terms of going Ltd and the best way for you to move forward. PM me if you have...
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    When to start accounts

    I can give you some detailed advise which you could do with (I'm an ACCA accountant). In a nutshell though, you should probably register as from 6.4.11 which is the start of the 2011-12 tax year. This return would be due by 31.1.13. The issue here would be class 2 NI that is payable monthly...
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    Please help - Groupon & VAT

    That is correct. The original sale by groupon is not subject to VAT. Check their terms and conditions. HMRC still receive VAT of the full amount, EG: Original sale - no vat as per groupon terms and rules for credit vouchers. Groupon pay VAT on their fees which is £207 x 20% = £41.40 when...
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    Please help - Groupon & VAT

    That is correct. The original sale by groupon is not subject to VAT. Check their terms and conditions. HMRC still receive VAT of the full amount, EG: Original sale - no vat as per groupon terms and rules for credit vouchers. Groupon pay VAT on their fees which is £207 x 20% = £41.40...
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    Please help - Groupon & VAT

    I completely get this now. There are two ways, both right for VAT but one is wrong from an accounting perspective. Basically everything needs to be grossed up for commission and sales. You can simply take 1/6 of what is paid over to the client to get the correct net vat but it is skipping a...
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