Practice

I have a client who has rented out a room in his house.  He has to choose between the rent a room scheme and "normal" property rental accounts.  In calculating what his profit would be under the no

4


Question for SAGE Accounts Users

2

I have a company that in its first trading year is medium sized but prior to that it was completely dormant with no assets to speak of.

1

Dramatic cut in contractor rates has led my client (OMB company) to considering ceasing.  Reserves circa £50k.  Can he make himself redundant and pay £30k redundancy to himself?  Thanks

3

I have an LLP law firm client (2 partners) who wish to promote a member of staff.

1

Having dealt with mostly micro-businesses for many years I'm a bit out of touch on related party disclosures for a limited company.

3

I have a new client who has never filed a tax return. He is non-dom, UK resident. He is employed and pays tax under PAYE.

I received an email with an attachment a couple of weeks ago.

37

I am a 40% tax payer (employed) and have a buy to let property. I have no wife or partner on hand to utilise any other lower tax bracket.

5

Is anyone using First Choice Final Accounts (HM Software) as an final accounts production package?

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