Thank you, can you send me your contact details? For now Im telling him it may be worthwhile staying in Oz until April as Oz tax rates are lower than UK tax rates.
Thank you Peter. I did search on A Web before posting but was struggling to clarify exactly what I needed to do. Client has now stopped using the company bank account as his own personal account.
Would this be sufficient?
Opening balance (X)
Personal Expenses X
Rent paid to director (X)
Salary (X)
Dividends (X)
Interest charged @4% X
Closing balance X
Do I need to show comparatives? The previous agent showed the monthly totals of ins and outs.
I've thought about CTA as well but cant do it because of the cost. Instead I've joined Mercia and have booked on every course in my region over the next 10 mths! I suspect this approach will provide me with more relevant knowledge as well. Clients barely understand the regular qualifications, CA, ACCA etc so Im not sure they would appreciate the extra value a CTA could add.
I agree weekly payroll is a pain, but for 2 staff on moneysoft, all i need to do is input the hours which client would email to me. I reckon it would take 10 mins inc reading clients email and sending my pdf payslips.....
Simples?????
I will concede that its not the type of work I am seeking. PITA making sure its done each week esp with holidays etc.
I've sent the quote. Im not expecting to get the job. I liked the client whcih is why I was keen to ensure my quote wasnt inconsistent with the market. Sometimes its difficult to guage the market.
I work from home, but am a CA so dont want to undercharge for my time. If I dont value it, noone else will!!
I moved from E&Y to an FC role but it was for a client. It turned out to be the best job I've ever had. I'd mention to clients that this is what you are looking to do just in case there are any opportunities. I also had a small company background in accounts prep and audit so it was a straightforward transition into a small company FC role. It was very interesting working on the 'other side' and fab commercial experience.
My answers
Surely for those in PAYE it will be coded out so they may as well opt out?
Thank you, can you send me your contact details? For now Im telling him it may be worthwhile staying in Oz until April as Oz tax rates are lower than UK tax rates.
Im preparing the Oct 2011 accounts.
Is there any guidance as to whether the S455 tax should be charged to the P&L account or posted to Debtors/tax recoverable?
Thank you all for your help so far.......nothing is straightoforward with this client!
Thank you Peter. I did
Thank you Peter. I did search on A Web before posting but was struggling to clarify exactly what I needed to do. Client has now stopped using the company bank account as his own personal account.
Would this be sufficient?
Opening balance (X)
Personal Expenses X
Rent paid to director (X)
Salary (X)
Dividends (X)
Interest charged @4% X
Closing balance X
Do I need to show comparatives? The previous agent showed the monthly totals of ins and outs.
Thanks
Thanks for your replies.
The mobiles (dir + wfie/employee) are in the co name.
The amount varies too, from £684 one mlonth to £4.28 another month?
Still confused.....
I've thought about CTA as well but cant do it because of the cost. Instead I've joined Mercia and have booked on every course in my region over the next 10 mths! I suspect this approach will provide me with more relevant knowledge as well. Clients barely understand the regular qualifications, CA, ACCA etc so Im not sure they would appreciate the extra value a CTA could add.
I agree weekly payroll is a pain, but for 2 staff on moneysoft, all i need to do is input the hours which client would email to me. I reckon it would take 10 mins inc reading clients email and sending my pdf payslips.....
Simples?????
I will concede that its not the type of work I am seeking. PITA making sure its done each week esp with holidays etc.
I've sent the quote. Im not expecting to get the job. I liked the client whcih is why I was keen to ensure my quote wasnt inconsistent with the market. Sometimes its difficult to guage the market.
I work from home, but am a CA so dont want to undercharge for my time. If I dont value it, noone else will!!
I received a very similar email and deleted it. It sounded and looked dogey. I reckon it was some sort of scam.
Generally if it looks to good to be true.............................
The solictor is pushing the buyer to assign a value.
What are the tax implications of a high/low value?
Thanks
I moved from E&Y to an FC
I moved from E&Y to an FC role but it was for a client. It turned out to be the best job I've ever had. I'd mention to clients that this is what you are looking to do just in case there are any opportunities. I also had a small company background in accounts prep and audit so it was a straightforward transition into a small company FC role. It was very interesting working on the 'other side' and fab commercial experience.
Sheffield