A self employed client has just amended the dates he received payment for 2 invoices. He had originally dated the payments in May 2019, whereas they were actually received in March 2018. He uses the cash basis. Can I just make an adjustment for this in his accounts ... Continue Reading
Do I have to pay capital gains on money I have not withdrawn to my account? If so I have a followup question: The amount is in USD but my currency is GBP. How do I know what an authoritative USD to GBP conversion rate would be at the exact date and time when ... Continue Reading
Hi, this is my first post on here so hopefully someone can help me. I run a landscaping business with 99% of my working being on residential properties. I have pulled in other self employed landscapers from time to time to help when I need them so it maybe for ... Continue Reading
Hello everyone, I would be grateful if you could help me better understand under which conditions a Certificate of Residence is released here in the UK. My situation is the following: - I am an Italian citizen who has been living in the UK for 3+ years. - I ... Continue Reading
I'm trying to work out how much money I have to pay hmrc this year. I'm finding the way they give me the calculation confusing My calculation is : £2,580.33 First payment on account due jan £5,319.67 balancing payment due jan £2,580.34 second payment on account ... Continue Reading
I have a flat in London I am looking to sell but the CGT is baffling me, any help appreciated: -Flat bought March 1996 for £75,000 Lived in as primary residence for 4 years (rented a room/flatshare for 3 years). -Moved out in 2001 and rented it out ever since. -Looking ... Continue Reading
I understand s27 Trustee Act Notice is to allow thirds party creditors to come forward if they have a claim against an estate of the deceased. The S27 notice expired in September 2020 HMRC is considered a third party. In December 2020 HMRC has opened a backdated ... Continue Reading
Hi, I'm a 40 yr old man. I have a salary of £50k while my wife has a salary of £10k. I pay in around £500/month into my pension while my wife pays £100/month (Her employer literally gets away by paying £9 into her pension, so I set up a private SIPP for her). ... Continue Reading
