Search results

Search results

You will need 50 posts under your account before joining in with this thread because you can't link out without 50 posts first.

  1. D

    Invoice Question In Regards To Materials For New Buisness

    This is definitely one to discuss with your accountant, it may or may not be advisable to be VAT registered depending on whether your customers are also registered. Usual way to do it is to invoice the labour and the materials (net of vat) total these up then add 20% vat to the total. The cash...
  2. D

    Fighting Back Against Late Payment Culture

    Provided you put on your invoices, you are perfectly entitled to charge interest on amounts not received within terms which may discourage some but firms tend not to raise this charge for fear of losing the customer. As for auditors, are you referring to internal or external auditors? We're...
  3. D

    Tax returns 4 times a year coming soon

    Potentially that's what could happen, with the tax calculated on a cumulative basis in the same way as PAYE then a final adjustment on the final quarter for any under/overpayments.....much in a similar way to the annual VAT scheme. Many people struggle to get their records in time for self...
  4. D

    Accountant needed around North London / Herts area

    Very true Murdoch, stopped short of blatant advertising on purpose....other accountants available of course! Advertising rates requested earlier. :innocent:
  5. D

    For Company "Directors" - tax implications ....

    The national insurance level salary and balance being dividends is still the most efficient way of extracting funds, only problem is the cost is going up. We recently run a seminar on this for clients, it's reducing the financial benefit of running through a limited company but still the most...
  6. D

    Doing Self assessment - Where is the section for power tools?

    What figures are we talking about with the tools? If small items then could be simply included within your costs. If larger or items that have a good lifespan then claiming AIA could be the way to go. The net effect on your taxable income will remain the same, just a slightly different way of...
  7. D

    Tax returns 4 times a year coming soon

    This is the HMRC trying to get onto digital accounting, been delayed for another consultation period and is being opposed by the accounting bodies as unworkable. I can see it going down the route of paying for tax every quarter on the same basis as the VAT returns with a balancing payment but...
  8. D

    Doing Self assessment - Where is the section for power tools?

    What sort of value are you talking about? Are they likely to last longer than 12-24 months?
  9. D

    Accountant needed around North London / Herts area

    There's a flat rate to claim for use of house these days, you can always use a calculation based method as well but it has no capital gains effects due to the business "Renting" the space within the property rather than own it. The calculation largely depends on how much time you're...
  10. D

    Question on claiming petrol costs?

    Hi there,if it's a company owned vehicle then the rates are reduced. Company Car Rates You can change the rates but only when change the vehicle, once set down one path should use it until change. The mileage rates is quick and easy to calculate but it's best to check at the end of the tax...

OFFICIAL SPONSORS

Electrical Goods - Electrical Tools - Brand Names Electrician Courses Green Electrical Goods PCB Way Electrical Goods - Electrical Tools - Brand Names Pushfit Wire Connectors Electric Underfloor Heating Electrician Courses
These Official Forum Sponsors May Provide Discounts to Regular Forum Members - If you would like to sponsor us then CLICK HERE and post a thread with who you are, and we'll send you some stats etc

YOUR Unread Posts

This website was designed, optimised and is hosted by untold.media Operating under the name Untold Media since 2001.
Back
Top