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Would like to doublecheck this. If 2 people would like to be
HelloWould like to doublecheck this. If 2 people would like to be renting Ltd business (they will manage the business, take income, pay expenses, keep profit and pay monthly fee to Ltd owner) - how th… read more
Sam
Sam
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Higher Officer HMRC
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I have a courier business under a limited company. I got a
I have a courier business under a limited company. I got a commercial van (3.5tonne luton box van) for the business but under my personal name.I would like to offset expenses of the van against the in… read more
Joshua
Joshua
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I am bookkeeper and my client is asking, what is better for
Hello I am bookkeeper and my client is asking, what is better for him: staying as a sole trader or changing into limited company? His profit is around £30 000/y and he really doesn't have any expenses… read more
bigduckontax
bigduckontax
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FCCA FCMA CGMA ACG
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Dear ***** My question is more of an ethical question rather
Dear ***** My question is more of an ethical question rather than an accounting question. I have a client who runs a limited company and the deadline for submitting to Companies House was August 31st … read more
Sam
Sam
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Higher Officer HMRC
17,093 satisfied customers
Dear ***** I have a client who runs a market stall which
Dear ***** I have a client who runs a market stall which is the same address every week. The business is a limited company and the vehicle used is a van. On the HMRC website it states that travelling … read more
Sam
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Dear XXXXX I have a client who has traded as a sole trader
Dear XXXXX I have a client who has traded as a sole trader who has converted to a limited company. I understand that the sole trader business can be valued and the valuation treated as goodwill in the… read more
bigduckontax
bigduckontax
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Dear XXXXX I have a client who operate as a husband and wife
Dear XXXXX I have a client who operate as a husband and wife partnership selling on Ebay. However, they have decided this year to end the partnership and both trade as sole traders. I think this has b… read more
Sam
Sam
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Dear XXXXX A client of mine runs a business selling flowers
Dear XXXXX A client of mine runs a business selling flowers and also drives a taxi. He has always claimed mileage for the flowers business. However, he has recently started taxi driving using the same… read more
Sam
Sam
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Higher Officer HMRC
17,093 satisfied customers
Dear XXXXX I have a client who runs a limited company which
Dear XXXXX I have a client who runs a limited company which sells from a market stall. They have a company van. Would a benefit in kind arise since the market stall would be a permanent address? Thank… read more
Sam
Sam
Accountant
Higher Officer HMRC
17,093 satisfied customers
Dear XXXXX I have a client who is self employed and has a
Dear XXXXX I have a client who is self employed and has a van and a car used for business. Is it acceptable to claim mileage on one vehicle and direct costs and capital allowances on the other? Thank … read more
Sam
Sam
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Higher Officer HMRC
17,093 satisfied customers
Dear XXXXX I have a client who runs a limited company. They
Dear XXXXX I have a client who runs a limited company. They have 4 vans and have purchased a 5th van. Since all the vans are 100 business use am I correct in assuming that each van will not be entered… read more
Sam
Sam
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Higher Officer HMRC
17,093 satisfied customers
Dear XXXXX I have a client who has traded as a sole trader
Dear XXXXX I have a client who has traded as a sole trader for many years. In October 2012 he converted to a Ltd company. In December 15th 2012 he registered the company for VAT. I have an invoice fro… read more
Sam
Sam
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F.A.O. SamTax please We have a client who is a sole trader.
F.A.O. SamTax please We have a client who is a sole trader. In 2010/11 he purchased a van on hire purchase on which he has claimed 100% A.I.A. The written down value of the van for accounting purposes… read more
Sam
Sam
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Dear XXXXX I have a client who runs a company. He wants
Dear XXXXX I have a client who runs a company. He wants to buy a house which will be rented out. He is financing this by a mortgage. Am I correct in assuming that it would be better to have the mortga… read more
Sam
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17,093 satisfied customers
OK so the next question is - my client is using a wharehouse
OK so the next question is - my client is using a wharehouse strictly for business purposes. he is a sole trader. Can we treat this as a business asset for CTG purposes, if he decideds to develop it a… read more
Tony Tax
Tony Tax
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High School or GED
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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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ACCA
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Dear XXXXX,I am sorry the screen disappears before I finish
Dear XXXXX, I am sorry the screen disappears before I finish the query. A property developer uses two cars for overseering the properties. His motor expenses are as under: Petrol £1,800 (after private… read more
Sam
Sam
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Higher Officer HMRC
17,093 satisfied customers
What are the cases supporting transferable goodwill which is
What are the cases supporting transferable goodwill which is recognised as a tangible asset. I am looking for a parallel where a franchise sole trader sold to a limited company newly formed to tae ove… read more
TEAP007
TEAP007
Tax Preparer
Fully Trained Inspector of Taxes B1
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