i am acting for my client who are the promoters (its was their first event) and not for the artist, but we submitted the form with information given to us by the artist.
my concern was for my client as hmrc have requested the documents and written to my client. Is there any issues for my client for not being able to get documents from the Artist.
The property was let out before, previous tennant had issues with basement damp/ water seeming through wall.
He was advised that if he did nothing there would be increased chances of damp/rotting of the building and property unfit for purpose. The tanking of basement was the only solution.
@duncanedwards, i see your point for improvement, i would need a clear breakdown and see what can be revenue.
How i understand this is you have all the details in excel but are only entering the totals in sage.
if that is the case then create in sage a cash customer account in the customers tab. enter your invoice details net, vat. this will then post the net sales to P&L, the VAT to Sales vat and you will have a debtor balance.
Any payments you receive from bank/cash account can then go against the cash customer account.
My answers
thank you Tim.
i am acting for my client who are the promoters (its was their first event) and not for the artist, but we submitted the form with information given to us by the artist.
my concern was for my client as hmrc have requested the documents and written to my client. Is there any issues for my client for not being able to get documents from the Artist.
Use this link
Hi
this link should help https://online.hmrc.gov.uk/login
not what quickbooks helpline said to me
thank you for suggestions,
@ Red Leader - i am using the bank feed in quickbooks, it matches what it can and any other payments you can only add as expense.
I have even called the helpline and they too said this option is only in customers and not in suppliers which is a shame.
if you know a way i would appreciate it.
Popfax
We use popfax for many years, great value and service. fax from web, outlook, smart phone.
here's a link http://www.popfax.com/
mixed commercial and residential
thank you for comments much appreciated.
The first property is a commercial, the directors have used self-employed individuals/companies to carry out work.
the second purchase was land, where they are going to develop 4 residential properties again using self-employed and companies to carry out work.
in this case is there a VAT, CIS issue?
Existing Let Property
The property was let out before, previous tennant had issues with basement damp/ water seeming through wall.
He was advised that if he did nothing there would be increased chances of damp/rotting of the building and property unfit for purpose. The tanking of basement was the only solution.
@duncanedwards, i see your point for improvement, i would need a clear breakdown and see what can be revenue.
Agree
take the view that BIK is chargeable to directors regardlesss to earnings, unless he can prove private use is minimum.
thank you all for comments. much appreciated.
Thats the only vehicle
thats the only vehicle he has, therefore he cant avoid private use.
the vehicle cost in question is £1500
If earnings are below £8500, is this BIK still applicable?
excel will be the cost effective
If you have not got a layout, i have something similar to track stock (but not clothing - im sure you will be able to adapt it)
pm me if that interest you.
Regards
customer accounts in sage
How i understand this is you have all the details in excel but are only entering the totals in sage.
if that is the case then create in sage a cash customer account in the customers tab. enter your invoice details net, vat. this will then post the net sales to P&L, the VAT to Sales vat and you will have a debtor balance.
Any payments you receive from bank/cash account can then go against the cash customer account.
Not the best way to manage debtors.