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Related UK Tax Questions
My friend would like to change from sole trading to Ltd, is
HelloMy friend would like to change from sole trading to Ltd, is there any way how to do this in the tax most optimal way (selling sole trading to Ltd) ...? Thank you… read more
taxadvisor.uk
taxadvisor.uk
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I am a sole trader operating under a Limited Company and am
Hi, I am a sole trader operating under a Limited Company and am about to file my first set of accounts, using the micro-entity format, with HMRC. I don't have an accountant for this currently due to s… read more
taxadvisor.uk
taxadvisor.uk
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Please, can you advise what is difference between Director
HelloPlease, can you advise what is difference between Director Loan account and Owners Drawings? If I paid by business bank account for something which was not part of business, how should I record t… read more
taxadvisor.uk
taxadvisor.uk
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Trying to fill in My Sons Companies House Micro-Entity Accounts
Hi Trying to fill in My Sons Companies House Micro-Entity Accounts online. I'm a complete novice. I have the figures in laymans terms but cannot understand the terminlogy on the Balance Sheet Pro Form… read more
taxadvisor.uk
taxadvisor.uk
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I am completing CT600 and keep getting an error, I am not an
I am completing CT600 and keep getting an error, I am not an accountant and cannot work out where I am going wrong… read more
taxadvisor.uk
taxadvisor.uk
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I am closing down my company and am filing CT600. The accounting
I am closing down my company and am filing CT600. The accounting period is 1st May 2013 to 3rd October 2013. The total turnover for this period is £650 exclusive of VAT, with admin expenses of £354 an… read more
taxadvisor.uk
taxadvisor.uk
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I have recently obtained a client under enquiry. January 2009
I have recently obtained a client under enquiry. January 2009 client changed business from sole trader to a limited company, when doing this also changed from standard VAT to the Flat rate. In April 2… read more
TaxVince
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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
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High School or GED
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Hi, I need to speak to someone about a vat issue, is it possible
Hi, I need to speak to someone about a vat issue, is it possible to have a number to call? Regards Mick… read more
Tony Tax
Tony Tax
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High School or GED
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Hi I am trying to file a Limited Company accounts on HMRCs
Hi I am trying to file a Limited Company accounts on HMRC's template. Box AC74 asks for cumulative total of profit & loss account since inception. I put this total in but the system rejects it. If I p… read more
taxadvisor.uk
taxadvisor.uk
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Hi, my question concerns amortisation of goodwill. We have
Hi, my question concerns amortisation of goodwill. We have a Ltd Company which was formerly a Partnership and on the advice of an accountant, independently valued goodwill of £250K was realised upon t… read more
mark25551
mark25551
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I am a contractor running a limited company with myself as
I am a contractor running a limited company with myself as the director and employee. When my corporation tax was due, an extra £3500 of notional tax was added due to an overdrawn directors loan of £1… read more
Tony Tax
Tony Tax
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Hello, I hope someone can put my mind to rest. 1. I am
Hello, I hope someone can put my mind to rest. 1. I am in the middle of submitting the SA for a self employed builder. He puchased a van and tools in 2009/2010 which I did not claim on SA for 09/10 ,b… read more
mark25551
mark25551
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i understand the entries for a sole trader to start, Dr Cash
i understand the entries for a sole trader to start, Dr Cash Cr Capital but to start a ltd or plc i am unsure. Also how far can you go back for pre - trading expenditure.… read more
mark25551
mark25551
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Hi their, I run and own a small LTD Company in UK. A few
Hi their, I run and own a small LTD Company in UK. A few years ago i put a directors loan into the company. I have yet to take this back out as i had no need for it however business was going pretty w… read more
Tony Tax
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i have just filed my last years limited company accounts (2009-2010).i
i have just filed my last years limited company accounts (2009-2010).i noticed that on the balance sheet my accountant has marked, "debtors -£85,000". i dont have anyone owing me money in the business… read more
Tony Tax
Tony Tax
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High School or GED
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Hello there, I have recently incorporated my business and transferred
Hello there, I have recently incorporated my business and transferred my sole trader VAT number to the Limited company. The limited company (ie me) have agreed to pay the outstanding liability for the… read more
Tony Tax
Tony Tax
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If a owner of a company loans the company money and repays
If a owner of a company loans the company money and repays himself later is it a drawing and therefore taxable or is it just a loan repaid, and where in the ledgers would you show these transactions… read more
Julie Kingham
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