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Where Taxpayers and Advisers Meet

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by 170872
Tue Aug 04, 2020 10:05 pm
Forum: Professionals in Practice & Industry
Topic: Did I make the wrong move advice please
Replies: 1
Views: 703

Did I make the wrong move advice please

Hi hope someone can provide advice and honest opinion I have a small practice working from home. I was invited by my client who owns and Estate agent and mortgage advisory office to move to their office and the rent is £400 per month in the high street Upon moving I was give a desk and there is no p...
by 170872
Sun Jul 12, 2020 10:49 pm
Forum: Property Taxation
Topic: Declaration of Trust for Rental income to be assessed on Wife
Replies: 1
Views: 411

Declaration of Trust for Rental income to be assessed on Wife

Hi all, I wanted to check if this is true please. Someone said to me that as a higher rate tax payer with 3 rental properties income shared equally between me and my wife 50%/50%, I can now do a Trust deed arrangement so that all my portion of rental income can be assessed on my wife's name who is a...
by 170872
Sun Jul 12, 2020 10:39 pm
Forum: Professionals in Practice & Industry
Topic: Preparing for Compliance and ACCA review check
Replies: 0
Views: 628

Preparing for Compliance and ACCA review check

Dear all, I have had a small Accountancy practice one man band working from home and I have the following questions regarding compliance to ensure I am fully covered if ACCA comes to inspect after several years of trading: - Obtaining new clients - Is a copy of passport or Driving license obtained v...
by 170872
Wed May 06, 2020 12:04 am
Forum: Company Taxation
Topic: DS01 - Rejected
Replies: 1
Views: 804

DS01 - Rejected

Hi, I have a question one of my friend has send it DS01 to close the company. The company's bank has been closed and no activity for two years. The DS01 was rejected as there was CIS debts outstanding with HMRC. As the company have no money, There is no assets in the company either and no loans outs...
by 170872
Thu Feb 13, 2020 10:42 am
Forum: Company Taxation
Topic: Catering Business Hire and sell plates
Replies: 0
Views: 623

Catering Business Hire and sell plates

Hi all, I have a question and would be helpful if someone can shade some light I have plates both for hire and sales (Nice branded plates) I would assume the once for hire I would capitalise as Fixed assets and depreciated over the years and the one i plan to sell goes as purchases. What i don't und...
by 170872
Mon Jan 20, 2020 7:08 pm
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: IR35 and my small business what are others doing!
Replies: 0
Views: 489

IR35 and my small business what are others doing!

Dear All, Since the new IR35 rules coming into effect soon, I can see lots of contractors working via agency has to be self employed and cannot use their Limited Company to operate their trade. As a small accountancy practice, I also see the potential threat of losing these clients. I wanted to know...
by 170872
Mon Dec 16, 2019 9:58 am
Forum: VAT & Excise Duties
Topic: VAT on New Build material and Labour
Replies: 1
Views: 944

VAT on New Build material and Labour

Good morning all, I been looking at VAT notice 708 and was not clear and hope someone can shade some light. Can a land be purchased under a Limited company and when planning to develop the land as it has planning permission for an office building, can we claim the full VAT back on the cost of the bu...
by 170872
Mon Oct 14, 2019 12:32 pm
Forum: Company Taxation
Topic: Foreign Holding Company Owns UK Ltd
Replies: 1
Views: 13831

Foreign Holding Company Owns UK Ltd

Previous I think i posted to the wrong section. I have a questions regarding the holding or UK company by foreign Company Scenario At the moment we have a Chinese restaurant business in the UK and we plan to expand the outlets. The owner of the current UK Business a Limited Company is 100% owned by ...
by 170872
Mon Oct 14, 2019 12:30 pm
Forum: International Tax
Topic: Foreign Holding company owning UK Company
Replies: 0
Views: 15341

Foreign Holding company owning UK Company

I have a questions regarding the holding or UK company by foreign Company Scenario At the moment we have a Chinese restaurant business in the UK and we plan to expand the outlets. The owner of the current UK Business a Limited Company is 100% owned by individual shareholder from Singapore. In Singap...
by 170872
Wed Sep 04, 2019 11:23 am
Forum: PAYE and Payroll Taxes, National Insurance, NICs
Topic: Holiday Pay & Final Salary amount please help
Replies: 2
Views: 6163

Holiday Pay & Final Salary amount please help

Dear All, I been a bit confused how to calculate holiday pay and final salary for someone who is leaving on the 6th September 2019. Details as follows: Holiday pay 7.5 days Leaving date 6 September 2019 Annual Salary full time - £22,000 Would be grateful if someone can share the calculation for me t...

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