I recently set up my own accountancy practice. However coming off the back of nearly 18 months in industry, my tax knowledge needs updating and improving over the next few months.
Does anyone have experience of the late-filing penalty where the 2010/11 Tax Return is still outstanding and so is more than 12 months late?
I seem to attract idiots!
My latest headache is caused by a friend of a friend who has started business selling on a small concession and has asked me to do his accounts.
We have just taken on a new client, a very elderly former expat.
Have a great client, always late with info and used to getting late filing penalties......however this year, I made a slight hiccup and inadvertently filed his wifes tax return using his UTR.
A new client came to me with information about his investment property, the profit from which hadn't been declared with HMRC.
Client is a limited company owned and operated by the two directors.
We currently use the CCH British Tax Reporter online service for our tax reference material but the renewal invoice has just come in and I think it is time to look for cheaper alternatives.
A small company wants to give give an employee shares (but only about 1% value of the company).
This isn't to enable paying dividends, but to give a stake in a growing company.
I have been asked by a friend on how to close a 16 month old company ,Company never traded and remains dormant throughout 16 months