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Totally messed up tax return :-(
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Hi, I hijacked someone else's thread earlier so thought I'd start my own... basically I'm having a small heart attack at the thought that I have majorly messed up my husbands returns for the last 2 years... I did them for 07/08 and 08/09 with no previous experience... I have since started studying book...
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Ammers
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2
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2502
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Clients - P&L - which one do you prepare?
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Hi everyone, Just wondering what you guys do out there............if you are preparing a sole traders accounts (self employed), do you prepare it so they can just pick the right information and put it into their tax return on the self employed page? Or do you prepare P&L based on whatever their c...
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Newby
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5
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2358
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Sole trader responsibility for PAYE when taking on new business?
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Hope someone can help? My dad has just received a letter from HMRC stating that he underpaid his PAYE for his employees by 2k in the tax year 95/96! He bought the business (Goodwill etc) as a sole trader in the December of 1995, he has checked his records and thinks he has paid correctly (luckily he still h...
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PamelaG
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1
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1947
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VAT - Am I acting as an agent?
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Hi all, I found this forum and looks like the right place to ask this question. I've recently set up a business supplying musical entertainment to private clients who are not VAT registered. We currently own all the branding and band names and have constructed the bands through auditions. The only pr...
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Music Mogul
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10
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5089
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VAT question
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Im a little confused now after reading some of the posts about VAT. If a vat reg business recieves an invoice from a non vat reg business i take it means that the vat reg business can not reclaim vat on it. silly question i know!!
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StuartAnder
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6
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2838
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What to do with Invoices sent before VAT registration - Help please...
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Hi, I am new to this forum, but could someone please advise me on my situation. I have just decided to become VAT registered. I applied online and was approved in 2 weeks. However, I have a few unpaid invoices from clients which I issued 6 weeks ago, before even considering VAT registration. The payment...
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Johny
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2
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11914
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VAT on new vehicles
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HI People, Just a quick question regarding VAT on the purchase of cars. Am i right in thinking you can not reclaim VAT on the purchase of vehicles at all. Thanks Stuart
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StuartAnder
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9
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2052
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Unfair Request?
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Hi all, we recently had a VAT inspection covering the past 3 years. The inspector was with us for a couple of hours and upon leaving (around lunchtime - not because we were closing) asked us to scan every invoice from the past 3 years (well over 1000) and email them to her to check at her convenience. Is thi...
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Wycome5
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10
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2000
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New Building.
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Folks, I am part of a community group that is getting a new building constrcuted at present. 60% of the building is for Community Letting (Charity Registred) and 40% is for Retail. I am aware that i can issue a VAT Exemption Certification to the contractor for the community part of the building as this...
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Blacker9999
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6
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2019
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Sage & purchase of customer contract / records ....
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Where would purchase of customer contract / records, i.e. work in progress go in your Sage nominals? Basically this is for a Company who has purchased previous customers from a previously liquidated Company, been flicking through the standard Sage nominals and it's driving me mad ..... so have gi...
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DebbieM
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2
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1773
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subcontracters vat
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If you have two subcontractors and one of them you pay vat to will these subcontracters net value go as part of the final figure in box 7 on the vat return. Regards Steve
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Rhianrach
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8
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2155
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Bank transfers showing up in Boxes 6 & 7 of VAT return
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Hello, We have just completed our quarterly VAT return. However, although the VAT to be paid amounts are completely fine and correct we have suddenly developed a problem with Boxes 6 and 7 on the return. These are: Total value of sales, excluding VAT Total value of purchases, excluding VAT They are...
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ECBS
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3
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4292
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Annual Investment Allowance Entrepreneurs Relief
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I see both have been doubled ....would have preferred employers ni to have been scrapped to help employment, but that was as likely as them issuing all bookkeepers in Coventry witha million pound grant (I didn't miss that bit did I??
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RobH
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6
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2148
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HMRC Online as per usual offline what alternative software to use
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Trying to file CIS online this afternoon for a new client unsucessfully, and can't even get through to online services. Service issues say there is a problem they are trying to resolve but heho thats been the message for the last two days at least. Wondering now if to get alternative software??? an...
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Sue T
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18
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3568
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Friendly Society........
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I have had an enquiry from a working mens club, apparently one of their members saw me present the accounts at another club's agm and they would like me to do the work. Currently they are being charged £6k for bookkeeping and final accounts etc and I would do it for about £4k, so it's a job worth having.......
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RobH
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14
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2122
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Vat on food
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Hmmm might of made a bit of a boo boo. When I started doing a friends books apparently their accountant told them that all purchases they make for food that isn't liable for vat, (which is almost all of it as they are a butchers, there's only the sundry items that ever come even close usually when it's a lux...
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Rhianrach
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20
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9363
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Recruitment Subsidy Payment
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My turn to ask a question. Has anyone come across the above? Basically I have a client, who took on an employee from JC Plus and the client has been awarded a subsidy payment from DWP. My question is, does anyone know if this is a taxable miscellaneous income? There are plenty of references to various w...
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Wella
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11
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6188
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Voluntary VAT registration
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Are most people here (that are in practise) voluntary registered for VAT - or is that dumb question of the week?
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Peasie
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5
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2203
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Another VAT Question
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Hi Following on from my VAT question yesterday, I have another one today. Same client have two receipts both over £1000, on suppliers letterhead which includes VAT number, it has the date, receipt number, gross amount and confirmation that it was paid. There is no mention of what the goods or servic...
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Marky65
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4
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1981
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Quick VAT issue bad debts
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If I claim the VAT back (after 6 months) on a bad debt, how do i do the journals on sage?
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tonys
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6
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1980
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