Member Since: 26th Jun 2013
11th Mar 2020
I have successfully amended a CT600 before by just sending a papercopy with the correct figures and a covering letter.
2nd Mar 2020
Working from home is fine for senior staff... but not if they have to manage junior staff. My office has flexible working but there is a rule is that there must be a senior from each team in at any time. If trainees need to be managed then someone has to be in to manage then.
2nd Jan 2020
I've been told in the past that if you are registered as 'Limited' but use 'Ltd' this is fine, however if you are registered as 'Ltd' and then use 'Limited' that this is not fine. I've never had a rejection for either however. I don't know how you filed but perhaps if online there may an ixbrl tag conflict with both in use within the accounts?
2nd Jan 2020
I had a client who had changed from a plc to a private company mid year and was still required to produce audited accounts even though they were a private company at the year end, therefore my answer is going to be yes, you are going to need an audit.
18th Dec 2019
'Beneficial owners' will still be the members even if they are technically not receiving any benefit. But only those members who have 25% or more of the voting rights. While guarantee companies may not be recording who their members are, it is a legal requirement and they should be. The tick box is still appropriate, even if the wording sounds off.
However, I do wonder if a charity with £1200 is worth a company.
18th Dec 2019
The charity must have members though. Beneficial ownership relates voting rights and control. In the absence of shareholders, members might be the 'beneficial owners'. How many members does the charitable company have?
29th Oct 2019
Unincorporated Charities should register with HMRC if they are likely to have income for which they will not get tax relief.
This is the page you want on HMRC:
The type of tax return which the charity needs to complete will depend on how it is constituted.
Usually, unless a charity has taxable income every year, HMRC will request a tax return once every 3 or 4 years or so. If HMRC has not requested one but taxable income still has been made then a return is still required.
Charity tax can be a complicated area, so I recommend getting the advice of an accountant experienced in this area.
4th Oct 2019
I wasn't clear on exactly what your post was asking, but for the doctors' superannuation payments:
The practice must complete a form each year detailing the expected income of each partner, the NHS then use this figure to calculate the relevant percentage and therefore the monthly contributions.
Then, at the end of each year the partners must complete an annual certificate which recalculates the contributions based on what they actually received, with a balancing payment or receipt which is usually sorted by an adjustment to a monthly GMS payment.
If you mean the monthly overall income from the NHS there are GMS statements which can be downloaded by the practice which details the income and expenditure which make up the payment. If there's any income stream on the statements you're not sure about send me a message and I'll try and help.
8th Aug 2018
I think you need to be careful that the invoices that the company 'created' are not considered fraudulent. If you have no invoice, you have no invoice; since you are worried about the suppliers VAT, did the company claim VAT on these 'invoices'?
6th Aug 2018
As far as I understand it, it doesn't matter who does the bookkeeping if the charity's turnover limit meets the threshold for an independent examination. If the bookkeeping is done by an experienced firm then the examination should be simple.
As per the guidance (independent examiners guide): "Charity law requires those charities with a gross income of more than £25,000 to have some form of external scrutiny of their accounts."
There doesn't appear to be any caveat that says 'unless the bookkeeping is done externally', because otherwise every charity in this limit would just do that.