Recent content by xjr13m

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    Accountants charge for registered office facilities?

    I pay my accountant £50 per year for RO and directors service address useage without mail forwarding. £300 sounds a lot even if mail forwarding is included (asuming they aren't receiving torrents of mail...)
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    Is it worth outsourcing payroll for small clients?

    On your website under services I see you offer payroll outsourcing. If you're looking for advice about the service you're offering why not come straight out and ask for it? Dressing it up as you being the potential client seems a little disingenuous.
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    ReClaiming VAT on business expenses

    I get my Xero subscription thorugh my accountant, their invoice for this includes VAT. If you're getting your subscription direct from Xero you will find your VAT invoices under 'billing accounts' in your profile section.
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    Entrepreneur idea (online festival platform)

    Is that you next to the green MG? Asking for a friend...
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    Looking for feedback: Akliman-Personal.de – legit for short-term staffing?

    I was talking to a bloke down the pub who said he'd used them, he wasn't impressed. Apparently they were slow to respond, the contracts were muddled and he didn't find them very professional... You did the right thing to ask around though, looks like you've dodged a bullet.
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    Do I need insurance?

    If you have members of the public visiting your home in the course of your business then you should certainly have public liability insurance in my opinion. You may also consider having professional liability insurance in the event an over zealous parent seeks redress for their child not...
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    What's the official accounting terminology for these payment terms?

    Before starting my business I worked for the UK office of an American company and shared an office with the Financial Controller. A significant percentage of her performance related bonus was based on how long she could make suppliers wait for payment. I overheard some desperate calls from...
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    What's the official accounting terminology for these payment terms?

    Well I'm (also?) of a certain age and back in the day customers in our industry would usually pay 30 days from invoice. But I've seen that get continually stretched out over the years, particularly with big household name companies. For example, one of our customers (a manufacturer of a very...
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    What's the official accounting terminology for these payment terms?

    I have a customer offering to pay our invoices in what they call "2 months plus 6". So if our invoice is dated the 1st of the month we get paid in 66 days, if our invoice is dated the last day of the month we get paid in 36 days. Longer payment terms in our industry are quite normal so no...
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    When is the tax point of dividend income from shares?

    I've received a dividend payment from a UK investment trust. The dividend was declared in TY 24/25 but paid in TY 25/26. In which tax year is the dividend deemed to have been recieved for self asessment purposes? I've googled but found conflicting answers. Thanks
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    Can you claim for garden office repairs?

    I don't see any problem with claiming 25% of the repair costs. But those repairs should only be those required to return the office back to its original condition when you started using it for business purposes, not to enhance the original condition
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    Too much money !!

    Have you maxed out your company pension contributions?
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    Dazzling headlights scam or solution

    My wife bought a pair or yellow tinted "night driving glasses" from Amazon, she siad they're a big help.
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    Director pension contribution from ltd company

    You need to check, but as I understand it you can't use your carry forward allowance to contribute in excess of the money purchase annual allowance. So you'd need to have used up all your carry forward allowance before you can contribute more than £60K in a new tax year
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    Customer wanting 65 days EOM credit

    It depends how much value they can provide as a customer, not just for now but for the future, and of course whether your cash flow will support it. I started dealing with a household name company in 2010, they also wanted 65 days EOM. Cashflow was tricky in the beginning but 14 years on I'm now...
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