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Etsy Sales
(Preview)
Hi, Can anyone shed any light on how to account for Sales Tax on payments from Etsy? Thanks, Melissa
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Melissa15
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1
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1706
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UK tax returns to HMRC for a foreign non-resident Director of a Limited Company
(Preview)
Hello everybody! From what I've learnt online so far, any UK Director of a Limited Company MUST file tax returns even if there is no salary paid for the job. BTW, as far as I know, UK law doesn't require that in a first place (i.e., that a certain compensation MUST be paid to a Director for his duties) - corr...
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Gregory
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6
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1923
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Flexible Furlough Free Webinar
(Preview)
This has landed in my inbox this morning. Organised by Brightpay but you don't have to use their software to attend. Don't know about anyone else but I still haven't got my head round it, so I've registered. EDIT: And it helps if you post the link. https://register.gotowebinar.com/register/5...
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Leger
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1
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1561
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HMRC Late Payment Interest
(Preview)
Hi - I am new to the book keeping role in the company. Due to submitting an EYU the company has incurred late payment interest (small amount). Not entirely sure nominal code to use Sage 50 accounts to record this small bank payment. Would appreciate any guidance.
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KJL
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8
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2474
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Payroll transferred to new software - duplicate payroll submitted
(Preview)
Hello, I've recently taken over new client's payroll. The month April payroll has been run and submitted by someone else externally and I've taken over form May. With limited information I had form previous payroll company I had to set up all employees from the scratch in new payroll software. I've d...
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A
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2
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1898
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New rules - SEISS and CJRS
(Preview)
For anyone living under a rick - the new rules are out for both schemes today.
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Cheshire
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3
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1817
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CJRS
(Preview)
Hi All, We have several employees on furlough, now one person wants to take some holiday. Do I do one submission with the remaining employees for the full month and then another one for the employee who wants the holiday as they can't be furloughed for the holiday period. thanks for any help you can gi...
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Riel
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6
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1758
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Employing my Daughter
(Preview)
Morning all I was thinking of employing my Daughter for a few hours each week just to help out with some admin tasks and data input but my payroll knowledge is pretty basic and I try to avoid it if I can, so just wanted to run this passed you guys to get your thoughts. Situation is that she is 16 and has her N/I...
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Artois
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3
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1189
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EPS for CIS Deductions for sole trader
(Preview)
Hi everyone just a quick question do you need to send an Employer Payment Summary (EPS) after the previous tax month end date if you're client is a sole trader but has suffered CIS Deductions from their contractor? I send a CIS return for the subcontractors and I send FPS's each month on the payroll date...
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Bookkeeper123
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2
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1311
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VAT Margin Scheme
(Preview)
We are using the VAT margin scheme for memorabilia (second hand goods) we buy and sell. My question is what we can consider as part of the VAT margin scheme? For example, we purchase an autograph for £100.00. Before selling, we frame the item by our framing supplier at a cost of £50.00. When calculatin...
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Jpeterson85
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13
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1637
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Charging VAT
(Preview)
Hi all, I am carrying out some bookkeeping work for a building company and have this scenario: One of their customers is having an extension that involves diverting the public sewer. Southern Water have charged my client a performance deposit that is non vatable. My client now needs to charge the cus...
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retsub35
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11
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1600
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Taxfiler Clients
(Preview)
Afternoon all Since Taxfiler were bought by Iris I was put on their new solo package of up to 30 clients but because I had already signed up with them they allowed me to continue passed the 30 until I reach 50 which I am very close too now, does anyone know what the process is? do I just carry on passed the 50 a...
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Artois
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2
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1047
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Accounting year
(Preview)
For self employed clients I usually do their year from 1st April - 31st March unless they are subbies, but for one client I have tended to do year 6th April - 5th April, primarily because there are pensions, savings and share divi's and it just seemed easier at the time. However is there any reason why I co...
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Leger
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15
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2131
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Client with 2 companies - garage/MOT
(Preview)
Hi everyone, I've just completed the first set of accounts for a new client who has 2 Ltd companies. He is the sole shareholder and director of both and was advised to set them up separately, but I think I'm missing something as I'm not sure why! Both companies operate out of the same double unit and are pr...
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Rachel19
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6
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1125
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HMRC form query
(Preview)
Hi All Epic fail finding this - think my head is about to explode. Anyone know what an HMRC form CA5478 is/what its for/what it looks it? TIA
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Cheshire
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12
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2256
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payroll
(Preview)
Hi, I have a client which has been advised by his accountant, that he can have monthly salary below NI contribution and other benefits, but after entering all details in payroll software its showing 0.00 on salary summary statement, and no data on FPS?
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pbr
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10
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1387
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VAT on Single-purpose vouchers / Multi-purpose vouchers
(Preview)
We sell experience packages (things such as sports events, hospitality packages, spa days, super car driving, hotel night stays). The purchaser is given an experience voucher which is redeemable with 12 months validity). The voucher can be exchanged for another one of our experience packages of...
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Jpeterson85
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3
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1217
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VAT Margin Scheme and postage costs
(Preview)
We are using the VAT margin scheme for the second hand products we buy and sell. We pay VAT on the difference between the buy price and sell price at 16.67%. We are trying to get a better understand on how the postage fees should be accounted for. If we purchase an item for £10 + £2 postage and packaging,...
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Jpeterson85
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1
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1148
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Anyone with Sage payroll? Note re furlough calcs
(Preview)
https://www.accountingweb.co.uk/any-answers/are-sage-payroll-cjrs-module-calc...
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Cheshire
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0
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1266
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No rest for the wicked. Rules out
(Preview)
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/f...
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Cheshire
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4
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1287
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