Member Since: 3rd Jan 2012
Having started life and qualifying as an engineer at Rolls Royce I decided to retrain and study to become and accountant (death & taxes as they say)
I qualified in 1999 and have been established as a limited company since 2002 and gradually been building my client base.
We are based in Bristol and can work from my office or from clients premises.
I have undertaken several contracts with companies such as Rolls Royce, BAE Syetems, Lafarge, Axa, Somerfield,Constellation Europe and several others working on Budgeting processes and modelling to help with KPI reporting, change management, project accounting and capital investment appraisals.
I have changed the variety of work I undertake now to more private client work although do still keep my hand in with some adhoc work as required.
I am looking to grow my business and we cover a broad scope of work from Bookkeeping, Payroll, Sole traders and Ltd Company accounts including corporation tax and filing of all the necessary returns.
I look forward to hearing from anyone should they be interested in the services that we offer and I am happy to discuss things further should you wish.
11th May 2016
Not a good display and as mentioned the questions and answers section was always much better and I can't even find the groups I used to be associated with??
Bring back the old format!!!!!!!!
10th Feb 2016
I use VT Transactions for the bookkeeping and the accounts generation and also used the HMRC software for filing returns both personal and corporation tax.
VT can cope with sole traders, partnerships and Ltd companies and IXBRL files.
It feeds directly into excel to generate the actual accounts but you can also view the P&L and balance sheet in VT... good all round bit of software and very cheap, support is quite good as well.
I also use Tax Assistant for generating the tax returns which again feeds from VT in a copy and paste format.
Hope this helps
24th Feb 2014
He sells fitness supplements etc to all over the EC and they are almost all to individuals not businesses?
22nd Oct 2013
Spooky - Me too
I have a very similar situation but the Ltd company already exist and the owner is looking to buy a similar business which is trading as a sole trader.
Together I believe they will exceed the threshold but he doesn't want to go down the VAT road... could they still trade and operate as separate entities and not be VAT registered although the owner is the same??
They trade from different locations which may be of use.
2nd Oct 2013
I have a client who used their credit card to finance the purchase of some assets for their venture so why should the interest incurred not be re-clamied and as they move it from 1 card to another the charges as well?
These were incurred solely for the purpose of the business?
16th Sep 2013
Hi all and thanks for your comments.
It would seem again it's all about how you see things and the subcontractors work descriptions are along the lines of what was done i.e. labour and materials rather than a description saying repairs or servicing?
It would appear the work done was actually tiling in bathrooms/kitchens after my clients work was done which isn't clear if it was a repair or renewal/replacement or even a complete new bathroom?
It's interesting that most of you have a slightly different view on what are the same rules which proves how difficult it is to be clear and precise in exactly what the legislation is?
Keep the comments coming please to help build up the armoury?
13th Sep 2013
They don't make these things easy do they and always leave it open to enterpritation??
Will have to read this a few times to understand it fully but feel "he should have operated a CIS scheme" will be their answer they will give.
I don't believe the sub contractors he used have declared that any CIS was stopped and can only assume they have declared all of their income but have no way of proving that even if I had their accounts??
Sol, interesting view, again it depends on your take on things but some of the sub contract work was done by a tiler after a bathroom refit so don't really think they would wear that as Repairs although to us you could call it that?
The other was for rubbish clearance which could well fall outside the CIS scope?
Thanks for all of your advise and please keep it coming, I will keep you updated of the progress.
11th Sep 2013
Ah now that's the point I guess... did they declare the income themselves and even if they did I fear he may still be fined although the whole scheme is just so open ended to interpretation and would these be sub contractors even if 1 payment was made through the year would the scheme still need to be operated.. I guess it would but still seems excessive?
11th Sep 2013
Hi Roland/Euan and thanks that does sound familiar?
They have at the moment asked for copies of the relevant invoices and stated they notice he isn't operating a CIS scheme at the moment but you can feel the direction it's going in.
My client is a plumber and doesn't do any work as a subcontractor himself but ahs used acouple of sub contracators and the ones involved are a tiler and guy just to clear the area and dispose of the rubbish, about £7k in total for 11-12.
Do you suggest its worth registering for CIS scheme but that then may seem as a sign of acceptance that he has operated wrongly?
9th Jan 2013
Property income disclosure
I have a client who has had rental property for about 5 years and not disclosed any of it on his returns, what does everyone think is the best way forward.
I feel its best to complete everything so there is a good picture of events and include the relevant years information in this years return and deal with the historic stuff later?
His wife has been involved with the property so 50% applies to each but she hasn't completed any returns at all?