Member Since: 9th Dec 2009
22nd Dec 2015
Ashamed of Indian Tax Authorities
Taxability of technical, managerial or consulting services provided by foreign companies to Indian clients performed outside India
Another important amendment relates to the taxability of technical, managerial or consulting services provided by foreign companies to Indian clients when such services are performed outside of India.
However, foreign companies decided to take a stand against the issue, citing that such services should not be taxable in India since they were not actually physically performed in India. This culminated in the Indian Supreme Court case of Ishikawajima Harima Heavy Industries (288 ITR 408), where the apex court held that services that are both rendered and used in India are to be taxed in India. Simply put, the Supreme Court’s opinion was that if both of conditions were not fulfilled, then the fees for such services are not to be charged as a tax in India.
30th Oct 2015
There are various options:
Use BOE exchange rate table & print a copy for your records; in case when auditors wish to see from where exchange rates were taken.You could also use xe & oanda which gives historical rates of exchange rates, only ensure keep records of them.
12th Aug 2015
Worth asking NatWest; from where did they procured device from. If China, you may have a strong point, IMHO!
20th Sep 2014
@ 0.48 stop video and look under Bank reconciliation, untick that box and that's it.
20th Sep 2014
Go under bank record and there is an option to untick No reconciliation.
20th Mar 2014
This power will be watched very carefully by HMRC & Clients. Far too early to jump at the conclusions because no about given the HMRC track record of services this concern is but natural but these power will be applied in the strictest sense after evaluating all options.
20th Mar 2014
This is the theoretical formula:
Old Bad debtsAdd: New bad debtsAdd: New RDD (Reserve for doubtful debts)Less: Old RDD (Reserve for doubtful debts)
If you are preparing management accounts you shall reflect them as a provisional figure but when it comes to statutory accounts note shall be suffice because HMRC won't allow any unnecessary hit against profits until they are actually not realised and satisfying sufficient efforts been made by the business and having a good reason.
27th Feb 2014
Sage 50 Pro's
Dear L1 Partnership,
Your question is quite small, in relation to subject in hand, however I will attempt to answer some very basic stuff as follows:
Ensure dates are correct for postingsAlways make a habit or flag a message to take a back up or if Sage is on the network ensure Sage data files are backed up.In my opinion I would strongly recommend to go for Sage support package which is second to none & you will never have to look back.
Never try to delete any postings in Sage, even though the functionality is there, instead try to reverse any mis-posting's by means of credit notes.
23rd Feb 2014
Face the reality
These things are real and now the people and business are willing to go beyond the service & not just stick to agreements.
15th Feb 2014
If the client is property management company there are industry specific software's available like
The above are the most famous & ERP softwares available in the market.
Hope this helps!