This is not fake news but its a fake email. I have deleted it. Why did they not choose April Fool's Day.
There are a lot of bad people in the world.
If a construction worker is self-employed they should not be given to use a van unless they pay a rental charge plus vat for the van. A self-employed construction worker pays for his own lodging. if a payment is made to him for lodging, it does not matter if it is taxed or not taxed. The self-employed CIS worker must keep proof of his lodging expense. If he sleeps in a van and has had CIS tax deducted from the payment for accomodation, then he is basically paying tax on all his earnings. if cis tax is not deducted from Lodgeing allowance and he sleeps in the Van, then for him to try to avoid his lodging allowance from being treated as income he will have to deal with his own tax affairs and not use an agent. To hide it is tax fraud .
Extra work done by Director
I feel the honest way was that being done initially by paying a bigger wage to the director working more. Another idea is for the director who is working more to set up his own company and his company should charge for his extra work. Then he can give himself a dividend.
Is it fair that directors should be entitled to the old age pension by paying a few pennies National Insurance each month? In the age of cuts I feel that directors should be obliged to earn at least the minimum wage for 40 hours a week before they can issue a dividend and their wage should be profit related after that.
As he uses his speach for non business activity one would think he can not claim a private operation cost as tax deductable. But if his consultant can confirm that as he has to speak much more than an ordinary person, if this overdrive in speach has caused the problem then I would give it a go and claim it as a tax deductable expense on the premice that his business ocupation caused the health problem.
You will not be doing an audit. The bookkkeper wants you to do the Statutory Accounts because she can not do it.
Very Simply you do it as a subcontractor but her name goes on the Accounts as the one who has prepared the accounts.
If she wants your cover instead then you will have to have client contact and ML checks to do.
SA returns filed Feb 1
I do no know. I think the history of this started when we lodged paper returns up tp 31/01 and the Revenue said put it in the letter box up to mid-night, but by the way we do not open it till 7am on the first of Feb. Then the Revenue said if the 31 Jan was a Saturday we wont be opening the letter box until Monday and so on. We all knew that when they received the paper returns there would be loads that were not processed until a few weeks later.
What I would like to know is have the Revenue changed there policy on a totally provisional estimate of an account?
Will they now accept a return which is essentially a guess to be amended later?
We downsized. I used to have an office in the old home. I bought a second hand metal unit, purpose made. They are usually on building sites. The contractor I am sure would either rent them as plant or buy them. THESE ARE TEMPORARY BUILDINGS. If I would have made any profit I would have claimed AIA. If I paint it every year it might last a long time.
I actually think it will go up in value because its metal.If your client paid only a little because his was preloved his might go up in price. Your client must buy a good metal paint. I bought my paint from Pronto Paints Ltd in Chesterfield. The olive green is a great colour. If the container is not on legs did he put it on something that would stop the damp rising up it. Its a shame when they go rusty on the bottom.
All the proceeding is correct
I do the books for a members club. If they had to pay a proper rent, (They own the building) they would not be around. The members club does not now pay committee members wages for not doing anything. Because of that they are now keeping their head above water. Does any one have clubs who's officers earn wages from the club and is it legal?
Privatisation has been a killer
We were told that our bills would go down if they sold off the state businesses and brought in competition. The only privatised success was BT and that was because the original cable companies basically failed and Virgin got the lot for a song so he could compete. Richard Branson has been very lucky with his cheap purchases and piggy back operations.
We have all been burnt with the energy sell offs and the Railways went off the tracks. You wait and when the Government charges us per mile for using the roads they will sell off the Motorways and other main routes.
It is about time the Unions started getting their members higher pay. That is their fundamental job and they are not doing it.
If there is a take off with the new pension contributors that will start a triple dip recession.
The Government has been barking up the wrong tree.
In ratio to debt our incomes are far too low. I wish the minimum wages would have gone up to £7.50 an hour at least. And I would have liked decent wage increases across the board. THis would have given a huge boost to the economy.
Just one thing left to do, let the pound sterling drop so that we remain competative.
Actually there are a few other mechanisms to add to the list. We must somehow make the stamp duty on houses a more sensible system and charge a higher rate to people who buy properties for investment. We must curb house prices from going up to much.
Because house prices will firm up as disposable income become greater the banks will drop their higher house deposit policy.
So you see it is important to get wage rates up.
Moderate inflation is the working mans friend.
There are other spin offs when house prices go up a little. Like for example businessmen can borrow money because they then have equity in there houses. More new business's great!
Who gains from keeping the economy in a very low tick-over? I have been trying to work this out and I have come to the conclusion it is the idle rich as they can buy up bargains.