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Where Taxpayers and Advisers Meet

Search found 5 matches

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by the5ame
Tue May 02, 2017 8:50 am
Forum: General
Topic: Reached VAT treshold. Which do I register first: for VAT or LTD company
Replies: 4
Views: 2575

Re: Reached VAT treshold. Which do I register first: for VAT or LTD company

So there is no way to "reset" treshold once I have reached it if registering LTD? Not sure if i need accountant to do my books? Cos I am using KASHFLOW and all of my payments are going through PAYPAL which imports automatically. Then I can generate all reports including VAT return etc? How do I find...
by the5ame
Sun Apr 30, 2017 10:36 am
Forum: General
Topic: Reached VAT treshold. Which do I register first: for VAT or LTD company
Replies: 4
Views: 2575

Reached VAT treshold. Which do I register first: for VAT or LTD company

Hello, as title says. Reached VAT treshold and was self employed. I know I will have to go LTD to pay out some money in dividends. Not sure which I should register first a Limited Comopany or register for VAT? Or maybe it can be done in one go? Do you think it would be wise pay someone to do everyth...
by the5ame
Tue Mar 14, 2017 6:05 pm
Forum: VAT & Excise Duties
Topic: KASHFLOW One bill but 200 item how split/show in books
Replies: 1
Views: 792

KASHFLOW One bill but 200 item how split/show in books

We will have to register for VAT within next 2 month as coming to the treshold. When we become a VAT register how do we record purchases. Lets say I buy 200 different products from same company once a week. I pay all in one go (example £2400). Then company emails me an invoices for each item individ...
by the5ame
Mon Jul 04, 2016 9:54 pm
Forum: VAT & Excise Duties
Topic: Do I pay tax after VAT
Replies: 3
Views: 769

Re: Do I pay tax after VAT

Sole trader. Just thinking that probably best way is just stay within treshhold and take extra holidays as otherwise will be working for free as my income only gonna go up by little bit :)
by the5ame
Mon Jul 04, 2016 5:02 pm
Forum: VAT & Excise Duties
Topic: Do I pay tax after VAT
Replies: 3
Views: 769

Do I pay tax after VAT

Hello, I am totally new in this world of tax. Been filling tax assesment for the last 5 years but it looks like my part time business is growing up and very soon I will have to become VAT REGISTERED due to treshhold. Lets assume I am vat registered. My gross net profit (after vat) 50k. Question is: ...

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