Recent content by TheAccountancySolutions

  1. TheAccountancySolutions

    Business struggling advice....

    My advice would be not as an accountant but as an entrepreneur. If you believe in your business there are ups and downs. There are ways which you can manage to turn around the situation. I would advise to get in touch with your creditors, redraft your business plan, see whats imminent payables...
  2. TheAccountancySolutions

    Servicestart - any dealings with this site?

    Avoid at all costs- Specially ACCOUNTANTS Avoid at all costs. Specially ACCOUNTANTS. Do not trust them. Their only motto is to sell and sometimes sell aggressively. I have spent much money in buying leads and not small ones big ones with more than £100.00 and client do not respond to requests...
  3. TheAccountancySolutions

    Accounting for VAT regarding Paypal and Shopify fees.

    Haha, As an accountant, i am duty bound to tell the whole story not half and see what happens when the rate changes. Come on you won't find such a proactive person........do you. :)
  4. TheAccountancySolutions

    Accounting for VAT regarding Paypal and Shopify fees.

    VAT if the rate is 17.5% - 17.5 x 12/117.5 = 1.78 so the net amount is 10.22 VAT if the rate is 5.00% - 5.00 x 12/105.00 = 0.57 so the net amount is 11.42
  5. TheAccountancySolutions

    Accounting for VAT regarding Paypal and Shopify fees.

    Here is a simple formula to work out VAT from VAT inclusive prices. if £12.00 includes VAT then £12 multiply by 20 divided by 120. That will give you VAT and it's £2.00. Why this formula because no matter the VAT Rate changes it will still be true every time. Gross Price * VAt Rate / 100+ VAt...
  6. TheAccountancySolutions

    The Accountancy Solutions

    A dedicated accountancy firm established for over a decade, we understand the individual needs of each client and work closely with them to develop a personal plan. You are never just a number to us and we pride ourselves on our bespoke services that make us stand out from the crowd...
  7. TheAccountancySolutions

    Lts vs Sole Trader

    Normally, I would advise for a limited company. But if its a startup and you are not going to have instant turnover, I would advise registering as self-employed. You can, later on, register a company and transfer the ownership to Limited Company depending on how you got on with your forecasts...
  8. TheAccountancySolutions

    Introduction - Help from experienced Tax Accountant

    Dear Readers, It's my pleasure to introduce my self on UK business forums. My name is Aatif Malik. I am an entrepreneur by heart and would love to help people who have an idea or want to discuss business plan. I myself own some brands and run a small accounting and specialist tax practice in...
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