HMRC site says....Holiday pay should be paid at the time when annual leave is taken. An employer cannot include an amount for holiday pay in the hourly rate (known as ‘rolled-up holiday pay’).
I also might be a matter for the employment contract, ie, you are changing a term of the employment ?
From what you are doing/saying, you would post this credit to the profit and loss to a separate code if you wish, therefore reducing the gross and or NI.
This is the same as booking the salary that he is actually getting. The car lease should not be "mixed up" with the salary journals..
Dust yourself off, get your C.V. up to date with all your practice skills and qualifications and put on Reed, C.V. Library, Indeed for any subcontract, temporary or other work. I think you'll be surprised at the amount of calls you get as an accountant who has practice skills. Remember that although you have been an accountant, you have transferable skills in business and you can make yourself available for any type of work. It doesn't have to be paper based either, look at the wider job search. The closing of your business and getting a job is not unusual in these times, I work with people who have done exactly that.
50 years old is no age, I am older than that and changing my job next month. Good luck in turning it round.
For accounting periods ending between 1 April 2020 and 31 March 2022, this is extended to three years, with losses required to be set against profits of most recent years first before carry back to earlier years.
The year end was September 2022 so the years you can carry back is 2020 and 2021 ? I might be missing something here but the year end date for the set of accounts you are referring to is after the allowable dates.
Our team is currently working to release a fix for this issue, however at the moment we don't have a timescale when this will happen. We have requested an estimated time scale of when this will be resolved and will be in contact as soon as we hear back from the development team.
I once again apologize for the inconvenience this will no doubt have caused.
For further details or information please use our Help program which can be accessed by clicking on the ? icon near the top right of the Taxfiler by IRIS screen. Alternatively, email the Support team with further queries.
My answers
HMRC site says....Holiday pay should be paid at the time when annual leave is taken. An employer cannot include an amount for holiday pay in the hourly rate (known as ‘rolled-up holiday pay’).
I also might be a matter for the employment contract, ie, you are changing a term of the employment ?
From what you are doing/saying, you would post this credit to the profit and loss to a separate code if you wish, therefore reducing the gross and or NI.
This is the same as booking the salary that he is actually getting. The car lease should not be "mixed up" with the salary journals..
Indeed, I just happen to be looking and do this RCT tax..
https://www.revenue.ie/en/self-assessment-and-self-employment/rct/credit...
https://www.revenue.ie/en/self-assessment-and-self-employment/rct/rct-no...
These links might help, seems as though they automatically set off against PAYE, however we make reclaim via form here.
https://www.revenue.ie/en/self-assessment-and-self-employment/documents/...
Dust yourself off, get your C.V. up to date with all your practice skills and qualifications and put on Reed, C.V. Library, Indeed for any subcontract, temporary or other work. I think you'll be surprised at the amount of calls you get as an accountant who has practice skills. Remember that although you have been an accountant, you have transferable skills in business and you can make yourself available for any type of work. It doesn't have to be paper based either, look at the wider job search. The closing of your business and getting a job is not unusual in these times, I work with people who have done exactly that.
50 years old is no age, I am older than that and changing my job next month. Good luck in turning it round.
For accounting periods ending between 1 April 2020 and 31 March 2022, this is extended to three years, with losses required to be set against profits of most recent years first before carry back to earlier years.
The year end was September 2022 so the years you can carry back is 2020 and 2021 ? I might be missing something here but the year end date for the set of accounts you are referring to is after the allowable dates.
Yes, phoned last week and 14 days turnround at moment.
30th May , I got this..
Our team is currently working to release a fix for this issue, however at the moment we don't have a timescale when this will happen. We have requested an estimated time scale of when this will be resolved and will be in contact as soon as we hear back from the development team.
I once again apologize for the inconvenience this will no doubt have caused.
For further details or information please use our Help program which can be accessed by clicking on the ? icon near the top right of the Taxfiler by IRIS screen. Alternatively, email the Support team with further queries.
https://taxfiler.co.uk/changelog/product-update-version-2023-1 - Link to our release notes - 16/3/2023
1st Formations in London, works fine for my home based clients.
That's a good point and I'll add that to the many points to raise , thanks.