shakiba
Member Since: 13th May 2012
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As well as presiding over the financial functions of a company, such as Payroll and VAT Administration, I love transcending the role by harnessing knowledge accrued from a BSc in Accounting and an ACCA full membership into the development of innovative strategies to enhance a company’s performance levels. This allows the expression of creativity within my leadership mandate whilst inspiring the effort to deliver strong bottom line value to the company’s business model.
I thrive in environments that demand the application of lateral thinking and a multi-disciplinary approach, from engaging in exhaustive analyses into financial data in order to provide trenchant cost accounting advice to senior executives to preparing weekly and monthly financial and management accounts. This robust disposition towards a professional development is wrought from over 16 years flourishing in the realm of Accounting on two continents.
In my current role as an Accountant for Andrew Alexander & Co., I am presiding over the management of all aspects associated with Payroll and VAT Administration, whilst producing sole trader, partnership and limited company financial accounts. Concomitant to this, I am coordinating closely with HM Revenue & Custom vis a vis, whilst utilising a proficiency in software such as VT, Q-tac and Key Time to produce financial accounts.
I boast a formidable track record of providing trenchant cost accounting advice to senior management as well as overseeing various Accounting functions. I am committed to a constant desire to exceed targets and provide strong bottom line value to a company’s business model, reinvigorated by the maxim that within every problem there lies an opportunity. I would love to channel this potent energy into the growth and development of your business model. If you’re interested in potentially working with me, please contact [email protected]. I look forward to hearing from you.
My answers
Does it make any difference if the company is a holding company?
For instance the holding company buy and sell shares via stock exchange
I am trying to figure out a reason why they have never be computed the CT on these transactions
Thanks
why is it important?
surely, the client would ask the reason
would it make any difference in terms of the treatment of the tax here?
thanks
bough originally 2008/2013 and 2014
the company sold some bottle of wines that kept as an investment since 2016,
Thank you Wilson
It is actually hard to say as it sits on the company's balance sheet as an investment
I think it is more a matter of judgement here
I need to get some background information
I have been told that they have kept them for a profit
for the fact that they hold them for 4 years
no alterations
no frequent sale
they believe they come under Chattels no CT
I think the previous accountant should have recognised them as stock on the balance sheet rather than investment ( might be wrong)
the company is a trading co, trading on a complete different activities
the company hold and recognise it as an investment as no frequency of sale
That is correct
the company has bought them as an investment for realisation of the profit
what I am not sure whether it falls under the Chattels rule with no CT
Would this chargeable disposal under corporation tax or they fall under Chattels rule with no corporation tax
As far as I know there would be no CGT for individuals on disposal of wine
The company holds this as an investment and stay as an investment on the balance sheet.
Some of the bottles are kept with the company since 2015/16 then disposed on profit in 2020
The remaining of wine describe as investment in the company's balance sheet
no trading
no personal use
kept for the sake of the investment
made a gain in total but on each bottle, the proceeds and cost are less than £6000
I could only find the CGT treatment for individuals but not for companies
appreciate any helps on this matter