Recent content by Welsh Translator

  1. W

    I need to tell someone .... I have been shortlisted

    Congratulations Elaine! :)
  2. W

    I need to tell someone .... I have been shortlisted

    Well done, Elaine and good luck in the final round. I for one will be rooting for you :)
  3. W

    Advice on audited/unaudited accounts please

    Thanks, Elaine. I didn't think I would be reporting back so soon, but I have received a favourable response from the procurement officer to say that the accounts can be prepared and certified by either a registered auditor or a reputable accountant. Thanks very much once again for all...
  4. W

    Advice on audited/unaudited accounts please

    Thank you very much for the replies. I have emailed the person in charge of the tender process to ask what they mean by audited accounts - to see whether they do actually understand the real meaning of the term. I just hope I get the answer I'm looking for - but either way, if it sounds as...
  5. W

    Advice on audited/unaudited accounts please

    A contract which my Ltd company has held for the last 4 years is out to tender at the moment. Unlike the last tender process, this time they are asking for "audited, published accounts" as a mandatory requirement. Our latest accounts (up to 31/08/10) were unaudited. Can someone please give an...
  6. W

    Selling assets to a Limited Company

    Thanks very much, David.
  7. W

    Selling assets to a Limited Company

    Thanks very much, Elaine. I will be speaking to my accountant. So just to clarify, is it income tax as opposed to capital gains tax because of my relationship to the company?
  8. W

    Selling assets to a Limited Company

    I would appreciate some advice about something please. I'm going to be raising this with my accountant soon but thought I would just "test the water" first so to speak. My wife and I are directors of our own limited company and we recently bought some equipment for a ridiculously low price in...
  9. W

    Brown is gone

    The Conservatives' manifesto also stated that they will NOT increase corporation tax as Labour were planning to do, but will actually reduce it and that they will help cut bureaucracy in procurement processes, and make it easier for smaller businesses to get contracts in the public sector and...
  10. W

    Semantics

    I have just come over in a cold sweat about something. I run a private limited company since September and pay myself a minimum salary and the rest in dividends. With each interim dividend payment, I have been recording them as dividends in the accounts and preparing all the necessary paperwork...
  11. W

    Invoice date = income tax date for self-employed?

    I'm currently getting everything ready to fill in my SA form for 2008-09 and have one question please. I know that with VAT, the Tax Point is either the date of supply or the invoice date if within 14 days. But I'm getting a little confused in relation to Income Tax. I have always gone on the...
  12. W

    Turnover for VAT after change from Sole Trader to Company

    Thanks very much once again to everyone for their time spent researching and replying to this thread. I really am truly grateful and have found it very intriguing. I had a feeling that this might be one that would lead to some discussion and I'm glad that I asked it now, if only to draw...
  13. W

    Turnover for VAT after change from Sole Trader to Company

    Thanks very much for your reply, Chris - it was not the answer I wanted I suppose but I'm grateful that you've confirmed it anyway, and that you've backed it up with a reference to the relevant legislation. I haven't gone over the threshold yet but at least this info will make sure that I go...
  14. W

    Turnover for VAT after change from Sole Trader to Company

    I would be very grateful for advice on how to continue calculating my turnover for the last 12 months having recently changed from Sole Trader to a private company. I was not VAT-registered as a Sole Trader and neither is the company VAT-registered at the present time. The company is...
  15. W

    Salaries and dividends,husbands and wives - that old chestnut!!

    Thanks very much, Tom. In that case we will both draw a low salary starting this year, with that salary being lower than the pro rata figure for a director since the company is being formed after the start of the tax year.
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