Recent content by Vikas

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    Valueing a Company??

    There are a few methods but these depend on what the company does. For small unlisted companies a multiple of cashflow or gross profit are quite common.
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    Accountant - Customer Confidentiality

    I have to disagree. If having more than one client of any specific business type gave a firm an insurmountable conflict if interest threat then there would be no such thing as 'specialist' firms. There are many firms all over the country that have a virtual monopoly or oligopoly alongside a...
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    My Accountant Online DOESNT use Indian subcontractors

    I have seen decent quality work (particularly VAT) from Indian centres. But that is besides the point as I very much doubt the better centres of India are the ones spamming Nicola for work.
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    My Accountant Online DOESNT use Indian subcontractors

    Nicola, unfortunately alot of these guys are better at spam than they are as accountants and will probably ignore your post anyway.
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    Career advice please

    Thanks for the feedback. I read the article yesterday and it certainly rings true to someone like myself who is actively looking. I have been thinking about this alot over the last couple of days and I think it has been a case of '......grass is greener on the otherside' with regards to...
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    Career advice please

    Good morning, I would really apprecite some career advice from you guys. I am from a practice background (4 partner firm - general practice with 50/50 accounts prep and audit split). I recently qualified as an ACA and I'm looking at whether I should look to carry on in practice or move to...
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    Any pointers for charity accounts?

    James and Zeno, thank you for the replies. As far as I kno VAT shouldn't be a problem as the firm deals with all tax in a seperate department (it is a semi senior position so they don't really expect much from me expect to be able to put a set of accounts together). Zeno, so much of what you...
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    Any pointers for charity accounts?

    Good morning, I have in the past prepared a few sets of charity accounts and done may 5-6 audits (all school related). I was updating my knowledge (for upcoming interview) and have been through the SORP and come up with the following differences between a set of charity accounts and small...
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    Question re my ICAEW status and being able to do additional work

    I'm not a member of the ICAEW and I'm not a trainee anymore either so I don't require a practicing certificate.
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    Question re my ICAEW status and being able to do additional work

    Well I've managed to get myself a client who requires a tax return done so I'm going to need to PII anyway.
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    Borrowing Money from own company

    Sorry my last post was misleading when it said 'it can't be done'. It can be done although using this method is in my experience not usually the most beneficial.
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    Borrowing Money from own company

    That can't be done as the director would become liable for tax on the borrowings.
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    Borrowing Money from own company

    As far as I am aware Companies Act limits the amount that can be borrowed to £5k so if you borrow the money to pay for your mortgage you would be breaking the law. But it would actually take another shareholder to make a complaint for a prosecution to take place. So if you have a closed...
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    Question re my ICAEW status and being able to do additional work

    Thats actually the cheapest quote by far that I received. I had a look on the IFA website and came across their exclusive PII offer. It would be £204 but I would need to be a member and and hold a practicing certificate.
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    Question re my ICAEW status and being able to do additional work

    Thanks for the suggestion. I have never worked on or been involved with an umbrella company when I was working in practice so I will have to read up on it.
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