My network collapsed had to buy new/ all programs previously pch'd and in use unavailable/
So I d/loaded openoffice as emergency and from experience of calc and writer (ms word comparative) will not be forking out to update ms suite.
One word of caution...excel marco's do not work in calc, different basic language/ but you can write your own if you have the time.
Beyond above comment calc has saved my [***] and wallet and competes with excel for spreadsheet use. Spend some initial time to familiarize y/self with menus
however that problem is no different from updating to Office 10 and new layout that I find is more difficult actually. (restricted version of MsOffice came with laptop)
The first reply is succinct / I would add a suggestion you anticipate your clients next question on what would be his CGT/ collect data now as to cost/date of pch and current value and do draft CGT calculation / it will emphasize and clarify the 3 year rule and letting relief.
You give a poor reason for your intentions ?. Stop listening to glib advice and talk to someone with your interest in mind. There are a host of question you should answer/ such as level of gross income generated / what trade are you in/do you have a pension setup/ are you married or single/ if married is the relationship trustworthy(you may need to have partner as shareholder to enhance the div benefit)/ do you have other income source.
As to your question if you pay a salary you need a payroll setup/ The purpose of paying within NHI thresholds is to protect your state pension and use the personal allowance.
Ltd structure may be subject to IR35 and Cis rules/ requires forms completion/ filing deadlines and penalties. any profit left after max dividend cannot be used for your own purpose unlike your present status as sole trader/
Due to difficulties in opening bank a/c for new company-a lot are being formed and operational with use of Dir bank a/c. The resulting problems/ tax-money laundering-are expensive too handle and for accountant to sort out. I would recommend first action should be to obtain co bank a/c. 2nd action would be to check vat registration ?...I suspect it is in the name of the
director not the company ?. j
If the business is making losses why form a company at this stage ?
I would agree with the comments made/ make sure you choose the right version as comments advise/ my new laptop came loaded with 64bit version/ not everything you currently use will work/ something to do with file structure.
I would also recommend not waiting to replace/ I left it too late/ very expensive/ and have IT pro switch ur files and programs/ that is
Fascinating / like reading a Miss Marple thriller / who is the guilty party/ and who is the mystery new agent./ and why are fees o/s when client refund paid direct to agent.
I suspect Penny and Shirley will find the culprit.
This post is also something akin to 24 hour news/ constant repeats.
Phenomenal rise in Ltd Contractors Incorporation with recent Companies Act changes is too easy/ the exception for one man close company went too far, making it even more a temptation to become limited/ directors home details hidden from public/ no secretary/ limited filing requirements/ - the gov should have gone the other way / full a/cs , full disclosure etc.
How many of your client have walked away from their vat liability/ how many of you have watched rogue trader's tv programmes recently and the difficulty in finding details of who runs the company.
The construction industry have gone through all this same review and compliance/ why not contractors in other
fields.
bk stat d/load in pdf ? why u can d/load your bk statements in cvs format which goes immediately into excel/ u have to r emember to save it in w/book format appropriate to excel version used. Most banks nowadays enable u to d/load into market s/ware like Money and Quicken and a host of others/
My answers
monsoon- Debtor balance
Numerous helpful comments.
As no b/fwd debtor
Bank reconciled.
SDB cleared by lodgements.
The other main area for review for originating entry surely is
Bank disbursements ?
PDB- are there any creditors.current year or prior
One man service company usually have to pay up front.
openoffice recommended wholeheartdly
My network collapsed had to buy new/ all programs previously pch'd and in use unavailable/
So I d/loaded openoffice as emergency and from experience of calc and writer (ms word comparative) will not be forking out to update ms suite.
One word of caution...excel marco's do not work in calc, different basic language/ but you can write your own if you have the time.
Beyond above comment calc has saved my [***] and wallet and competes with excel for spreadsheet use. Spend some initial time to familiarize y/self with menus
however that problem is no different from updating to Office 10 and new layout
that I find is more difficult actually. (restricted version of MsOffice came with
laptop)
PPR
The first reply is succinct / I would add a suggestion you anticipate your clients next question
on what would be his CGT/ collect data now as to cost/date of pch and current value and do draft CGT calculation / it will emphasize and clarify the 3 year rule and letting relief.
Sole trader to ltd status
You give a poor reason for your intentions ?. Stop listening to glib advice and talk to someone with your interest in mind. There are a host of question you should answer/ such as
level of gross income generated / what trade are you in/do you have a pension setup/ are you married or single/ if married is the relationship trustworthy(you may need to have partner as shareholder to enhance the div benefit)/ do you have other income source.
As to your question if you pay a salary you need a payroll setup/
The purpose of paying within NHI thresholds is to protect your state pension and use the
personal allowance.
Ltd structure may be subject to IR35 and Cis rules/ requires forms completion/ filing deadlines and penalties. any profit left after max
dividend cannot be used for your own purpose unlike your present status as sole trader/
no utr
congrats everyone/ what friendship and fellowship mean/ and the use of modern comms. sys.
regrettably those causing havoc in our streets use it for different and selfish purposes.
DLA
Due to difficulties in opening bank a/c for new company-a lot are being formed and operational with use of Dir bank a/c. The resulting problems/ tax-money laundering-are expensive too handle and for accountant to sort out. I would recommend first action should be to obtain co bank a/c. 2nd action would be to check vat registration ?...I suspect it is in the name of the
director not the company ?. j
If the business is making losses why form a company at this stage ?
Laptop dying
I would agree with the comments made/ make sure you choose the right version as comments advise/ my new laptop came loaded with 64bit version/ not everything you currently use will work/ something to do with file structure.
I would also recommend not waiting to replace/ I left it too late/ very expensive/ and have IT pro switch ur files and programs/ that is
if not completely confident doing yourself.
rudest clearance
Fascinating / like reading a Miss Marple thriller / who is the guilty party/ and who is the mystery new agent./ and why are fees o/s when client refund paid direct to agent.
I suspect Penny and Shirley will find the culprit.
This post is also something akin to 24 hour news/ constant repeats.
Phenomenal rise in Ltd Contractors
Incorporation with recent Companies Act changes is too easy/ the exception for one man close company went too far, making it even more a temptation to become limited/ directors home details hidden from public/ no secretary/ limited filing requirements/ - the gov should have gone the other way / full a/cs , full disclosure etc.
How many of your client have walked away from their vat liability/ how many of you have watched rogue trader's tv programmes recently and the difficulty in finding details of who runs the company.
The construction industry have gone through all this same review and compliance/ why not contractors in other
fields.
bk stat d/load in pdf ? why
u can d/load your bk statements in cvs format which
goes immediately into excel/ u have to r emember to
save it in w/book format appropriate to excel version used.
Most banks nowadays enable u to d/load into
market s/ware like Money and Quicken and a host of
others/