In at the deep ?
Been asked to look at the Accounts of a Deep Sea Diver to establish whether it would be of benefit to Incorporate his existing Sole Trade business currently showing a net profit in excess of £ 150 K.
Whilst I can do the necessary calculations etc. a couple of matters have come to light which I really ought to sort before I go further :-
The client is adamant ( no paperwork forthcoming ! ) that the Contractor pays his Nat Ins !
The P/L A/c for the Sole Trade splits the turnover between the UK Sector & Non-Uk !
Have no experience whatsoever ( therein probably lies the answer ! ) of this Industry sector - can anyone point me in the right direction as HMRC's Web-Site is like sifting through treacle on these points.
- Owner/Director consultant plus employment elsewhere 48 3
- Any Need to Formally "Sack" Client Company? 416 5
- Growing pains 109 1
- HMRC Penalties - are they enforceable? 469 19
- Residents Association Corp Tax 81 2
- Gift to employee 103 2
- Who can I refer leads to? 352 8
- Cash accounting to flat rate scheme 98 4
- How much to charge for Ltd company accounts ? 95 1
- new capital structure ltd with investors 305 5
- Can Directors be removed without consequence? 124 2
- Benefit of my ACCA membership to my Non Qualified Employer 262 4
- Directors/owners taking too much cash... 1,854 17
- Easiest and quickest way to reopen dissolved company, for the purposes of having access to funds in the bank account. 289 8
- Minutes & Dividend Vouchers 402 12
- Private Healthcare Benefit In Kind 164 4
- PAYE Refund Farce At HMRC 721 9
- Anyone use Xero for estate agent clients? 135 2
- I hate HMRC's voice recognition system - The Inept Interrogator 299 8
- SA tax assessments 219 3
- DTR : TIOPA 2010 Section 42 434
- CTA study material 392
- Sect 102 TMA 1970 291
- Sage Forecasting - Print filename 268
- Pre incorp expenses 252
- Relief on French Tax Deposit? 229
- Anyone have clients that use Pay4Later to offer customers credit? 219
- Slight twist on employment related securities 199
- How to claim additional losses after mistake in CT return 155
- What is the tax position if I am working overseas but via a UK agency? 145