How do they get NI credit
Just found this on the forum and wondered;
If no RTI is required below the threshold mentioned how do they get credit for NI contribution, HMRC wont know that they are being paid?Is this for when you just have one employee, what happens if you have two, both below this limit?
As an alternative how about Adminsoft Accounts, it is:
very low costvery flexible & stable/solidregular updates (new features as well as fixes)used all over the worldincludes all ledgers (including lots of reporting P&Ls,B/S, Aged Creditor/Debtors), Cashbooks, Asset Registers, HR/Payroll (basic RTI submissions) & Stock control (not really applicable for accountants but nice addition!)Uk developed and basedActive user forum
As you can see I'm a bit of an enthusiast (I don't make anything out of this btw) for AA and having used it for the last 18 months of a growing business with clients from all sectors, it just works & works well, what more can you ask for?
FCA - not a lot there!
There's plenty of information on the website.
You can always ask them for further information.
Thanks for your reply.
Unfortunately there is very little information on the FCA website about annual accounts (annual returns yes, annual accounts no!) and even the FCA staff could give me a definitive answer (i.e. complete the accounts like a limited company or there is no format etc).
I wonder if anyone has completed Co-operative accounts and wouldn't mind sharing their thoughts or format or even confirming or denying my thoughts that I should prepare them based on limited company format.
Thanks for help, much appreciated
Company year end is April, so just need to complete this years Accounts, previous years are all done, filed & accepted
No External creditors
No retained profits as they have really come to conclusion it isnt going to work (basically main supplier wasnt going to give them the service they needed and market to difficult to break into in the end)
Re Free accounts system for small business?
Have a look at AdminSoft Accounts
It's free (with a few adverts etc nothing serious), easy to use, very small footprint, easily portable, runs on lots of systems, constantly being updated, cheap to upgrade and has retail and garage business options, have I sold it enough ;)
See http://www.adminsoftware.biz/index.shtml for details
For which tax?
Thanks Euan, It's for Income/corporation tax purposes so thanks for the info, I was assuming the event date but was just doubting myself!
I've been introduced by an agency & they've said they would be happy for me to go through my limited company. If I were to be caught by the IR35 rule on this contract who would be responsible for employers NI, the stuff I've read seem to be suggesting I (my Ltd company) would pay the employers NI as well or would that fall on either the end client or agency?
@ Red Leader
I'm a limited company
Really appreciate your help on this, it is just until i get enough clients to help pay the bills (plus I have start up costs I'd like to recover and wouldn't if I went PAYE again)
Thanks for your reply
Funny enough I've just looked at them, spooky!
How does it go about login the correct return to the correct tax payer, just through the UTR?
I'm not sure whether this is appropriate, allowed or even ethical on a forum but having just started out in September I'm looking for new clients and most work will be considered (large outflow of funds on set-up costs etc, not much coming in) even late returns.
I'm honest with all clients about what is possible & what's not, the main thing being for them to have registered for online filing in enough time to get all the codes, if not I warn them about the automatic fine & there is nothing I can do about it.
So if anyone has any enquiries in south Hampshire (I'm in Portsmouth so anywhere upto 30 miles) that they may like to pass on please let me know.
Just to say I'm not trying to seek clients away from anyone just to establish my business.