Operated a non accounting business for many years and then in c2000 decided to move into accountancy. Studied and qualified MAAT and since then have operated a small practice from home. I still operate my original business because this is more lucrative.
My client base consists of LTDs, partnerships and sole traders.
comments on this one. The legislation was what I was looking for. S1 (2) of this says that CT will be charged to companies. This would suggest that these coins should be purchased in a personal capacity rather than his company being the owner and finance this with divis/salary.,
these are investment coins. They have a stamp value of 100 pounds and weight value of 1000 pound or so. I was looking into the CGT arrangement as he has been informed that they are CGT exempt. He is buying them in his company name.
last year with one of my clients. Because of his personal circumstances a lot of his vouchers were lost. Their response was that he should go to his contactors and get duplicates. When I explained that this was completely impracticle they reluctantly supplied the information requested. I expressed the view that this information should be accessable so that clients can check that contractors are registering the correct information etc. It would seem as though they are not therefor legally obliged at present unless a submitted tax return shows a difference.
The person in question is a builder who is planning to new build dwelling house on a site. He is VAT registered. Although he can opt for monthly returns, it would help his cash flow even more if he could be supplied at 0%. Thanks.
One more small memory aid for the cash book: RiP. Receipts on the left, Payments on the right. Just think of the grave yard. Equal and opposites should then be properly charged, ie: sales on the right, purchases and assets on the left.
But if there really is no basic knowledge, then a short book keeing course would be recomended..
Is this question relevant in a free market economy. I've notice that when this question is posted on this forum that there are always many replies.
Market rates go up and down and then there are many regional variations. From previous posts it seems that fees are not what they used to be 10/15 years ago. What is "fair" depends on what your neighbor is prepared to charge him against whether he is capable of doing the work himself etc. etc.
If you want to charge £1000 for one hours work and somebody is prepared to pay then what is wrong with that. If your neighbor is prepared to do the same work for £20 to the same level of skill, then unfortunately, there is nothing wrong with that either.
One of my clients is a window cleaner who refuses to work for less £100 per hour. He quite often earns toward £800 per day. Market forces permit him to do that. Market forces determine our level of fees. We are also free to change profession if we think our abilities are undervalued.
......But then again, it's gets things of our chest sometimes to have a moan.
My answers
Thank you for your
comments on this one. The legislation was what I was looking for. S1 (2) of this says that CT will be charged to companies. This would suggest that these coins should be purchased in a personal capacity rather than his company being the owner and finance this with divis/salary.,
Thanks but,
these are investment coins. They have a stamp value of 100 pounds and weight value of 1000 pound or so. I was looking into the CGT arrangement as he has been informed that they are CGT exempt. He is buying them in his company name.
I had this problem
last year with one of my clients. Because of his personal circumstances a lot of his vouchers were lost. Their response was that he should go to his contactors and get duplicates. When I explained that this was completely impracticle they reluctantly supplied the information requested. I expressed the view that this information should be accessable so that clients can check that contractors are registering the correct information etc. It would seem as though they are not therefor legally obliged at present unless a submitted tax return shows a difference.
Thanks.
Thanks
Builder
The person in question is a builder who is planning to new build dwelling house on a site. He is VAT registered. Although he can opt for monthly returns, it would help his cash flow even more if he could be supplied at 0%. Thanks.
Thankyou
for your response. I now know how to move forward with this matter.
RiP
One more small memory aid for the cash book: RiP. Receipts on the left, Payments on the right. Just think of the grave yard. Equal and opposites should then be properly charged, ie: sales on the right, purchases and assets on the left.
But if there really is no basic knowledge, then a short book keeing course would be recomended..
Free market economy
Is this question relevant in a free market economy. I've notice that when this question is posted on this forum that there are always many replies.
Market rates go up and down and then there are many regional variations. From previous posts it seems that fees are not what they used to be 10/15 years ago. What is "fair" depends on what your neighbor is prepared to charge him against whether he is capable of doing the work himself etc. etc.
If you want to charge £1000 for one hours work and somebody is prepared to pay then what is wrong with that. If your neighbor is prepared to do the same work for £20 to the same level of skill, then unfortunately, there is nothing wrong with that either.
One of my clients is a window cleaner who refuses to work for less £100 per hour. He quite often earns toward £800 per day. Market forces permit him to do that. Market forces determine our level of fees. We are also free to change profession if we think our abilities are undervalued.
......But then again, it's gets things of our chest sometimes to have a moan.
It's not on HMRC's list of combi vans but it might be best to call them for a decision.
Try this link:
http://search2.hmrc.gov.uk/kbroker/hmrc/contactus/search.ladv?sr=0&as=1&...
Thanks