Self Assessment

Read with interest a post this week on the recharge of entertainment expenses (followed up with other earlier relevant posts)

We have the following scenario:

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Clients records do not show any cash takings in their restaurant business. Takings record only relates to card readings and no cash shown as expenses / purchases.

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I have been asked to look at a used car dealer and a question has come to mind:

whilst the director owns his own car, as does his wife, he also uses stock vehicles.

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I have received a request (from a new client)  to review HMRC assesments for 2008/09 to 2010/11 which show a total liability of over £7,000. These were issued in October & November 2012.

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If a client elects to stop receiving Child Benefit but then his income drops can he get it backdated?

I've found a wealth of conflicting advice online and elsewhere!

Good afternoon

Client has transferred his shares to a fellow director for no consideration. I am happy that this is the market value of the shares.

A self-employed client opened a Theatre School and paid £11 400 for the franchise.  Should this expense be capitalised or treated as revenue spend ?

 

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