Hi. I hope someone can help answer a few questions for me.
Dear AccountingWeb users,
Just seen a sale agreement that shows that a dental practice was bought in the name of the proprietor and his wife, however he has been trading as a limited company.
A solicitor client receives fee income subject to vat and disbursements/outlays that are usually excluded from the VAT calculation.
We have been engaged by a client to undertake capital allowances claims on two furnished holiday lettings.
Lease starts on 1/6/12 for 3 years, with initial rent free period of 6 months. Break clause after the first year at any time on 6 months written notice.
I have a client who has only just informed us that he has been paying interest on a mortgage relating to his rental property.
With the employers allowance coming in, I've seen discussions talking about whether to take £7,956 or £10,000 as a salary.