Member Since: 17th Jan 2011
16th Apr 2020
Plymouth City Council and South Hams Council have turned payments around within a week for the two that I have dealt with.
6th Apr 2020
The two traditional methods are by paying out a dividend or by making a huge loss, either of which are options open to him.
I think this may be the way to go. Create a huge non-trading loss (there are sufficient profits b/f to cover this).
In the companies lending the money - also write off the loans in them, creating a non-trading profit. Is this the sticky point? Presumably non-taxable...……...but is it?
Then the loans inter-co are written off all around and not shown anywhere.
6th Apr 2020
I think you need to ask him why he wants to do this before you can offer a solution.
The easy way to move the debtors is for them to be repaid - in the full sense of the word - by the other company he wants to be the new creditor. But does it have enough cash, and does he want the present creditor company to be sitting on a pot of cash?
Another way is just to reschedule the debt by journal entries, but the the new creditor would then become the old creditor’s debtor, in place of the debtors your client wants to move. Does that meet your client’s objectives?
You've lost me on the last paragraph I'm afraid..... The creditors remain the same, its the debtors that are changing. But yes it would have to be a journal entry solution as there is no pot of cash.
6th Feb 2020
We had a good experience with Nicola Draper, would highly recommend.
4th Feb 2020
That’s great, I’ll give the form a go.
The search facility on here is rubbish........
23rd Jan 2020
If you're trying to use the 'normal' and not the ASA and get the "sorry, the service is unavailable" with the below in the URL:
Then you can replace the "agent-usher/optin" with "home" so that the URL reads:
This takes you to your normal page as if you hadn't had any issues logging in
Thanks - this link has just worked for me.
8th Nov 2019
That gains/losses on trading intangible assets should be included in the main trading profits which suggests the loss can get set against the trading profits.
I just really wanted confirmation before finalising.
7th Nov 2019
I can highly recommend Nicola Draper from personal experience.
27th Sep 2019
He entered 470/470 (being our local district) as the PAYE reference and it seems to have been accepted!
27th Sep 2019
The previous accountant died, so he's not bothered! The clients however are wondering who to believe at the moment I should think but as you say its very simple to set up and run each month.