Thank you, I finally managed to speak to someone at HMRC, they said it should be received by 30th April.
Phone up and ask HMRC to cancel the existing log-on and then set up a new one...
Thank you, yes it is a £8,060 and remainder taken in dividends situation. No assets in the company but it has been trading successfully for 5 years and has a wide client base.
So either selling or gifting is potentially fine, price irrelevant as MV would be deemed.
If they went for the holdover gift relief then isn't this potentially stacking up a CGT gain for the son in the future? Either way, they should complete a stock transfer form? and if no £ is passing hands there would be no stamp duty? and update Companies House when the confirmation statement falls due next.
What are you hoping to gain by pursuing this? Draw a line under it and move on ...
Hello from a bookkeeping perspective, I use VT transactions for all my clients and would choose it every time over SAGE. VT is user friendly and easy to input, does everything that SAGE does, you can see at a glance debtors, creditors bank recs etc and you can copy and paste information from VT into excel for Management reporting.
Thanks but I was hoping for a more constructive answer about what reliefs are available to a person who has sold her home (with business premises attached) in order to retire... She didn't sell the business, the business just closed. She has sold a property in which she lived for 30 years running a hair salon downstairs.
The employer could increase it's contributions to 8%? Or the employee would have to pay the 2% difference or they would have to opt out. Yes you are quite right, if the employee didn't want to pay the 2% - then they would have to opt out and effectively take a 6% pay cut. I think you may need to check their employment contracts... Your hands are tied with AE but you do have a couple of years to plan for it ...
I rather like my "stamp" and
I rather like my "stamp" and use it to stamp all outgoing envelopes with the company name ...
I started my accountancy
I started my accountancy practice as a sole trader and after a few years when it became more established moved to limited company.
Hope that helps.
I agree expenses = working = not allowed unless on a KIT day.