Member Since: 13th Jan 2012
20th Nov 2012
Can you actually have a dormant LLP?
Can a LLP be incorporated, then be left untouched? are partnerships not formed with a view to profit in HMRC's eyes?
12th Nov 2012
thanks for the responses.
The Holding co has no other assets except its investment in the trading co sub.
It holds no cash, all monies pass through it to the ultimate shareholder.
30th Oct 2012
Would a loss in the LLP have any effect on the taxable profits of the LTD?
2nd Aug 2012
thanks for the replies
I know VT is excellent...I use it...and the book keeping sections too
I really didnt want this to descend into an argument about how good VT is compared to the others.
My question was to allow me to get the views of those who used Sage Instant Accounts Production and PTP Accounts Production.
16th Apr 2012
thanks everyone for your replies. It is much clearer now.
16th Jan 2012
CEL many thanks for that. It explains the concept in a nutshell. Just one more question. Using the figure example in the link..
The small company has a deferred tax liability of £2,000. Will the company have to make a provision in the accounts, a liability provision for when the reversal will happen in a future tax year?
14th Jan 2012
Does this mean that the £200
Does this mean that the £200 Charged to the P&L actually stays in the company bank account?
and does DT go onto the Balance Sheet?
Sorry for being "dense" on this one, but having a terrible time trying to get my head around this concept and its application to small company accounts.