Accountant needed around North London / Herts area

[rolyberkin]

Why? - Please expand

Sorry my bad, should have been a may in there prior to the need, In my opinion most people may need an accountant as it starts to get confusing with dividend and PAYE issues. Not legally necessary or a statury requirement as you point out.

I would like to know your basis for justification of meal claims in your later post? BIM37920 specifically states that unless it is wholly and exclusively for the purposes of your trade it is not an allowable expense, as per ruling of Lord Templeman in Caillebotte v Quinn [1975]!?

 

[plugsandsparks]

You picked a good one there, lol - I had to google it... BIM47705 - Its a tricky one, but as my work is very similar to when I worked for a plc I use the same criteria. I believe most multinationals have sought guidance on this for all their employees who travel and work. As its one where HMRC could contest, if you are in doubt consult a specialist. I have no background in washing clothes and as my wife mixes my work gear with all the other stuff I could not deal with the principle of wholly and exclusively, hence I don't bother. Where I was saying HMRC are very helpful, generally they are but the BIM's just open up an area for debate, I guess as a small player its not worth it.

 

[rolyberkin]

Don't get me on temporary workplaces!

 

[plugsandsparks]

I know... lol. I have had different jobs over the years, worked from home (traveling salesman type), worked from home and had an office also. Worked away from home and lastly worked in an office and commuted. In terms of expenses, there were so many codes you had to fill in to get the right tax treatment were excessive to say the least. Personally I keep well away from HMRCs "flat rates" for these things to give me some headroom when they come calling. There are quite a few other areas where I have kept away from... as mentioned elsewhere the buck always stops with the tax payer. Anyway its small bear in the overall scheme of things. I get enough flexibility being Ltd and a director that I don't really need to push the boundaries for a couple of employees. However for some companies that employ over 100,000 you can understand why they wanted some definitives from HMRC to work with. Shame these are not published by HMRC

 

[derek]

If claiming for use of home as office and claiming a proportion of mortgage interest etc. for one room set aside for purely business use, you could be liable for capital gains tax on that room when you sell the property (not an issue if you rent), so as far as I can tell it is best to say that you use that room occasionally,say 10%-20% of the time for personal use as well. At least that is how I interpret the guidance on the HMRC website but I am not an accountant and I could be wrong.

 

[Dynamoaccounts]

If claiming for use of home as office and claiming a proportion of mortgage interest etc. for one room set aside for purely business use, you could be liable for capital gains tax on that room when you sell the property (not an issue if you rent), so as far as I can tell it is best to say that you use that room occasionally,say 10%-20% of the time for personal use as well. At least that is how I interpret the guidance on the HMRC website but I am not an accountant and I could be wrong.

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 realistically spending in the home office.

For the expenses, can use the HMRC flat rates for subsistance, mileage, etc as well as putting through a number of expenses. I'd suggest using a contractor specialist accountant who offers a fixed fee each month so no nasty bills at the year end. Many offer the online portal/software as well so you can import any expenses and also carry out any invoicing if needs be.

 

[Octopus]

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 realistically spending in the home office.

For the expenses, can use the HMRC flat rates for subsistance, mileage, etc as well as putting through a number of expenses. I'd suggest using a contractor specialist accountant who offers a fixed fee each month so no nasty bills at the year end. Many offer the online portal/software as well so you can import any expenses and also carry out any invoicing if needs be.

Like you perhaps?

This forum doesn't like people touting for business without paying for advertising.

Just saying

 

[Dynamoaccounts]

Like you perhaps?

This forum doesn't like people touting for business without paying for advertising.

Just saying

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

 

[Darkwood]

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

Welcome to the forum

You seem to be well aware of our advertising rules and that of self promotion etc, having said that I do deem the actual emoticon itself is a reach out to emphasise your services albeit in a cheeky manner so it will be edited out, your advice and interaction in the forum thus far is welcome and very informative and we hope to see more, I think our members are educated enough to either read your Tag name or PM you if they wish to use your services without the need for you to nudge them. :smiley2: