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Currently i am employed full time and my wife is self employed,
Currently i am employed full time and my wife is self employed, but we're looking to setup a new business importing from Europe and selling in the UK. We want to continue with our current jobs, but ne… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
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Hi there, I am currently working on my company accounts
Hi there, I am currently working on my company accounts for the first time. However I have an issue regarding pre-incorporation losses. I started out as a sole trader in June 2009 and only incorporate… read more
Tony Tax
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How to carry forward the loss of a branch closed against the
How to carry forward the loss of a branch closed against the profit of the other branch which carries on the same business with profit.… read more
taxadvisor.uk
taxadvisor.uk
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Myself and my wife are looking to purchase a cafe/bistro.
Myself and my wife are looking to purchase a cafe/bistro. I will be continuing to work full-time with my current employer, my wife will be working in the cafe full time. I am a 40% tax payer. Expectin… read more
Sam
Sam
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Higher Officer HMRC
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I am in full time empoyment on PAYE. If I set up a small business
I am in full time empoyment on PAYE. If I set up a small business as a sideline I know I have to do self assesment. My business earnings in the first year will be very low <£1000 Can I set off my b… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Hello, I am a single mum of one child aged 11. I currently
Hello, I am a single mum of one child aged 11. I currently work full time but have been developing a business with a partner- it has not yet generated an income. My biz partner has been made redundant… read more
Tony Tax
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High School or GED
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Filling in self assessment form one of my employments in
Filling in self assessment form: one of my "employments" in the 2010/11 yr I think can be classed as self employed. I have accts to 28/8/2010 showing retained losses of £17660 and have incurred furthe… read more
Sam
Sam
Accountant
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Started business as sole trader on 01.02.10 - accounts done
Started business as sole trader on 01.02.10 - accounts done to 05.04.10, made losses of £5,000 - offset these against employment income (earned £37,000) in 2009/10. Business has ceased on 31.03.11 and… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I want to register as self-employed with effect from 15/3/11
I want to register as self-employed with effect from 15/3/11: my sources of income are currently only rental income from 1 property in London. From mid-March I will be working 20 hours per week for a … read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
I have filled in my tax form online and it has been sent.During
I have filled in my tax form online and it has been sent.During the tax year I had 2 buisnesses.One made a profit if 12k and one made a loss of 11k.My total earnings for the year were £1k.However I ha… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
Mr A purchases property ( 65,000) and equipment ( 15,000).
Mr A purchases property (£65,000) and equipment (£15,000). He trades sole for 6 months then takes Mr B in as partner in the business. His sole trading shows a loss for the six months which could be in… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
I was made redundant on 24th May this year and I am shortly
I was made redundant on 24th May this year and I am shortly to start trading on a self employed basis. I require advice on the most preferable trading options from a tax perspective, e.g. sole trader … read more
Tony Tax
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High School or GED
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If Ive lost money and closed my business in January 2010.
If I've lost money and closed my business in January 2010. Can I off-set this years loss when filing my self-assessment return for Apr 08- apr-09? If so, How? under what section?… read more
Sam
Sam
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Higher Officer HMRC
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I work as a teacher and have a start up company which made
I work as a teacher and have a start up company which made a loss over the year ending 08 - 09. Can I claim income tax losses?… read more
Sam
Sam
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Higher Officer HMRC
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I have been investing in shares online since March 09,and selling
I have been investing in shares online since March 09,and selling on small amounts of profit, I am thinking giving up my day job and doing this on a full time basis from home, will I still pay 18% CGT… read more
Andrew Baker(baktax)
Andrew Baker(baktax)
Personal Tax Adviser
High School or GED
756 satisfied customers
Hi, I have been carrying forward a loss of about 25k as a
Hi, I have been carrying forward a loss of about £25k as a sole trader consultant will close the business end of this month. What happens to the losses? Can I continue to carry them over if I start a … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
hi i was employed PAYE until oct last year and then set up
hi i was employed PAYE until oct last year and then set up as a sole trader for the remainder of the tax year. will the startup loss for the business be offset for the tax i have already paid… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,885 satisfied customers
I am moving from employee status to self employed as a sole
I am moving from employee status to self employed as a sole trader. I have start-up costs (PC, software, car etc) for my new business but nio income yet. can I offset these costs against the tax I alr… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
759 satisfied customers
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