But what is the correct position regarding JRS claim ? Are there legitimate grounds for claiming JRS beyond 25th April - my instincts tell me no, but I would welcome the opinion of others.
Director 2 annual salary set at £6K max to avoid personal tax. Front loading this annual salary to the early months of the year will incur PAYE deductions. But if pay increased salary in month and reduced salary in month 2 the tax deduction in month 1 will reverse in month 2 and small company making quarterly PAYE payments won't have to remit any PAYE to HMRC.
It did occur to me that this ridiculous situation puts me in a position where I now have to make a SAR. It would be helpful to know how others view this.
I can recommend beekeeping as an absorbing hobby and a complete antidote to the stresses of tax & accounting. It won't make you rich but the rewards on so many other levels are immeasurable. Contact your local association, you won't regret it !
Simple question. One-man construction company paid for a site radio. Cost £110. Would you consider this to be an allowable business expense for CT purposes ?
Some in our office say yes, others say no. Looking to AW to settle the debate.
My answers
Wages have now been processed and paid.
But what is the correct position regarding JRS claim ? Are there legitimate grounds for claiming JRS beyond 25th April - my instincts tell me no, but I would welcome the opinion of others.
Thanks to all who have replied.
Director 2 annual salary set at £6K max to avoid personal tax. Front loading this annual salary to the early months of the year will incur PAYE deductions. But if pay increased salary in month and reduced salary in month 2 the tax deduction in month 1 will reverse in month 2 and small company making quarterly PAYE payments won't have to remit any PAYE to HMRC.
I will hang onto the files for now.
The company went into liquidation in 2016 and was dissolved in Sept 2020.
Thank you for your advice
I have also received a penalty notice for another firms's client included in the same envelope as the two I was expecting for my own clients.
Beyond doubt, a systematic fault with HMRC.
It did occur to me that this ridiculous situation puts me in a position where I now have to make a SAR. It would be helpful to know how others view this.
My client is an electrician. The work he does in not exempted.
I can recommend beekeeping as an absorbing hobby and a complete antidote to the stresses of tax & accounting. It won't make you rich but the rewards on so many other levels are immeasurable. Contact your local association, you won't regret it !
Simple question. One-man construction company paid for a site radio. Cost £110. Would you consider this to be an allowable business expense for CT purposes ?
Some in our office say yes, others say no. Looking to AW to settle the debate.
What are you hoping to achieve from this smug remark Daze ?