General Book-keeping & Accounting - The Book-keepers Forum (UK)

Adrian99 · Adrian99

Good morning. I would like to know more about CIS and I need some help if possible. 1. Is it that the builders are paid 20 % less than the advertised wages and than after the tax return they get the tax back if their total annual income is below personal allowance of £ 9440 ? 2. If they earn in excess of £ 34,3...

Rhianrach · Rhianrach

If a partnership of three people, Two parents and one son buy a property for storage for say £250,000 and pay for it through the business, a garage, is it then legit to gift said property to the two daughters (not partners) and the son (partner) then them charge the business rent at the rate of £12,000 per...

xantia743 · xantia743

Apologies if this is slightly off topic but I have received a generic email asking for a quote and having trouble deciding how to address the sender. The email begins to whom it may concern and then inserts her signature which is Rebecca Someone. However the senders email has becky.someone@compan...

alibaba · alibaba

Individual has 2 ltd companies. 50/50 control in one and 100% in other. Materials purchased by 50/50 company. Entered through books of 50/50. Paid direct by 100% company. Invoice raised by 50/50 for total amount. Invoice states total paid direct to supplier by 100% company. VAT is accounted for by 5...

jsp_1983 · jsp_1983

We work with Amazon whose associates programme for referred sales pays automatically on a monthly basis (for the previous month calendar). They don't require an invoice for payment to be issued, nor do they generate one. I get a feeling that the answer might be that, if it's not a requirement, it's a...

jsp_1983 · jsp_1983

Hi all, Glad to have found this forum and am hopeful (and grateful for) any advice that might be offered. I've been struggling to grasp double-entry bookkeeping in practice for the past week or two, despite having read various guides and gone through tutorials (although Prof Vince Turner's 60 minut...

xiaoheidan · xiaoheidan

Hello everyone! I am a contractor. And I paid my salary about a thousand monthly. But recently I need eight thousand. Could I pay myself salary such amount money as a salary? Just one month, of course I will pay enough income tax. Does it will attract HMRC attention? By the way I just paid my dividend. ...

ed7ajs · ed7ajs

Hi, I was employed in 2012 - 2013 until December 2013 and paid higher rate tax through PAYE. I started my self employment in January 2013 and had a lot of set up costs, stock/tools. Can i claim these expenses as a loss for my sole trader business Jan - March and therefore claim this back against some of my p...

linda19 · linda19

Our client pay us less contra charges , so i normally enter the receipt like this: Sales Invoice -to the customer account Purchase invoice to the supplier account - nominal default contra charges Then i go to contra charges in to tool tab and use and different bank account 1201 which i have called Cont...

Mickey · Mickey

Apologies for the possible list of question but assistance is required. Brief info - individual makes office equipment item, nothing of high value - roughly selling for £30 each. 1. Can small inventory items such as screws be classified/entered as cost of sales rather than stock? 2. How are invento...

lmshanny · lmshanny

I outlined in another post how I'd taken over as a book keeper in our company. Just a few questions regarding the end of year. We keep our own books and then at the end of the year an accountant/auditor comes in. What will he need from me, I gather that I as the book keeper will not be creating the balance she...

blagger · blagger

I am stuck with something in Sage Instant Accounts, hope someone can help to allow me to clear this up correctly. I have a supplier who invoiced me for something I did not owe them back in April and they took the funds from my bank account. Instead of refunding this they gave me a credit note (£72.00) and fo...

Pickle · Pickle

Just wondering if on Sage whether the nominal code 2200 Sales tax control account should be the exact same amount as codes 2201 Purchase tax control account added to 2202 vat liability?

misfiring · misfiring

hi, I run my own company and use quickbooks premier to manage my accounts. The software is on the hard drive of my computer and I update the accounts myself currently. As we are getting bigger I have less and less time to do this and I need to start using a part time bookkeeper to keep on top of things. My q...

kjmcculloch83 · kjmcculloch83

http://www.hmrc.gov.uk/vat/start/schemes/flat-rate.htm#5

lmshanny · lmshanny

Hi guys, Recently due to unforeseen circumstances I've been informed that I will be taking over as the company book keeper for a while. I've no experience doing this apart from the little I did in high school a ten years ago. I've watched a few videos to swat up on the basics again and this has led me to th...

julia1976 · julia1976

I am a little bit confuse, please help with business expenses definition. 1)The cost of repairing a printer is a Capital or fixed assets expense? 2) Insurance for new premises is a Capital or Fixed expense? Thanks a lot for help

matt123 · matt123

I've been sent a letter (along with IAB membership renewal) offering me membership to the International Association of Accounting Professionals (IAAP). I can't find any info on them and the website seems to be down. Is anyone a member and what are the benefits? I'm losing track of all these accounti...

darkhorse · darkhorse

I have recently registered with Servicestarts to get leads and im pretty ok with the quality of leads but im just wondering other people's comments. And are there any other good quality leads websites out there?

Samilou67 · Samilou67

Just a very quick basic question but to blinkin much for my tired tiny brain! Please can someone tell me how the issued Cost per Kilo of 2.250 is calculated on 13th December? Material Receipts Issues ...

Topic		Started By	Replies	Views	Last Post
	How CIS works ? (Preview) Good morning. I would like to know more about CIS and I need some help if possible. 1. Is it that the builders are paid 20 % less than the advertised wages and than after the tax return they get the tax back if their total annual income is below personal allowance of £ 9440 ? 2. If they earn in excess of £ 34,3...	Adrian99	4	2310	Sat Oct 26 03:39 2013 by Lady of Ledger
	Does this sound legit? (Preview) If a partnership of three people, Two parents and one son buy a property for storage for say £250,000 and pay for it through the business, a garage, is it then legit to gift said property to the two daughters (not partners) and the son (partner) then them charge the business rent at the rate of £12,000 per...	Rhianrach	2	797	Fri Oct 25 23:50 2013 by Rhianrach
	Email nettiquette (Preview) Apologies if this is slightly off topic but I have received a generic email asking for a quote and having trouble deciding how to address the sender. The email begins to whom it may concern and then inserts her signature which is Rebecca Someone. However the senders email has becky.someone@compan...	xantia743	4	1107	Fri Oct 25 23:22 2013 by xantia743
	OK or not OK. Recording and Payment. (Preview) Individual has 2 ltd companies. 50/50 control in one and 100% in other. Materials purchased by 50/50 company. Entered through books of 50/50. Paid direct by 100% company. Invoice raised by 50/50 for total amount. Invoice states total paid direct to supplier by 100% company. VAT is accounted for by 5...	alibaba	0	587	Thu Oct 24 16:40 2013 by alibaba
	Are invoices a requirement for customers paying automatically? invoicing invoices amazon (Preview) We work with Amazon whose associates programme for referred sales pays automatically on a monthly basis (for the previous month calendar). They don't require an invoice for payment to be issued, nor do they generate one. I get a feeling that the answer might be that, if it's not a requirement, it's a...	jsp_1983	2	9151	Thu Oct 24 15:45 2013 by jsp_1983
	My 'cheat sheet' for bookkeeping a basic set of accounts - have I got it right? (Preview) Hi all, Glad to have found this forum and am hopeful (and grateful for) any advice that might be offered. I've been struggling to grasp double-entry bookkeeping in practice for the past week or two, despite having read various guides and gone through tutorials (although Prof Vince Turner's 60 minut...	jsp_1983	2	1344	Thu Oct 24 21:24 2013 by jsp_1983
	About salary (Preview) Hello everyone! I am a contractor. And I paid my salary about a thousand monthly. But recently I need eight thousand. Could I pay myself salary such amount money as a salary? Just one month, of course I will pay enough income tax. Does it will attract HMRC attention? By the way I just paid my dividend. ...	xiaoheidan	2	981	Thu Oct 24 04:56 2013 by xiaoheidan
	Paye tax paid and Sole trader losses (Preview) Hi, I was employed in 2012 - 2013 until December 2013 and paid higher rate tax through PAYE. I started my self employment in January 2013 and had a lot of set up costs, stock/tools. Can i claim these expenses as a loss for my sole trader business Jan - March and therefore claim this back against some of my p...	ed7ajs	6	1290	Wed Oct 23 23:22 2013 by Shamus
	Contra Charges (Preview) Our client pay us less contra charges , so i normally enter the receipt like this: Sales Invoice -to the customer account Purchase invoice to the supplier account - nominal default contra charges Then i go to contra charges in to tool tab and use and different bank account 1201 which i have called Cont...	linda19	1	1716	Wed Oct 23 00:44 2013 by VinceH
	Inventry entry on sage (Preview) Apologies for the possible list of question but assistance is required. Brief info - individual makes office equipment item, nothing of high value - roughly selling for £30 each. 1. Can small inventory items such as screws be classified/entered as cost of sales rather than stock? 2. How are invento...	Mickey	0	667	Tue Oct 22 15:09 2013 by Mickey
	End of year statement? (Preview) I outlined in another post how I'd taken over as a book keeper in our company. Just a few questions regarding the end of year. We keep our own books and then at the end of the year an accountant/auditor comes in. What will he need from me, I gather that I as the book keeper will not be creating the balance she...	lmshanny	3	1038	Tue Oct 22 20:45 2013 by Shamus
	Sorting out Credits/Payments Sage Instant Accounts (Preview) I am stuck with something in Sage Instant Accounts, hope someone can help to allow me to clear this up correctly. I have a supplier who invoiced me for something I did not owe them back in April and they took the funds from my bank account. Instead of refunding this they gave me a credit note (£72.00) and fo...	blagger	4	978	Tue Oct 22 03:24 2013 by blagger
	Sage VAT codes (Preview) Just wondering if on Sage whether the nominal code 2200 Sales tax control account should be the exact same amount as codes 2201 Purchase tax control account added to 2202 vat liability?	Pickle	3	3877	Tue Oct 22 02:50 2013 by VinceH
	how to use a bookkeeper in practice (Preview) hi, I run my own company and use quickbooks premier to manage my accounts. The software is on the hard drive of my computer and I update the accounts myself currently. As we are getting bigger I have less and less time to do this and I need to start using a part time bookkeeper to keep on top of things. My q...	misfiring	3	1202	Mon Oct 21 17:38 2013 by Mad Liz
	Flat Rate VAT (Preview) http://www.hmrc.gov.uk/vat/start/schemes/flat-rate.htm#5	kjmcculloch83	4	1634	Mon Oct 21 04:28 2013 by Lady of Ledger
	Clueless!! Could do with some help... (Preview) Hi guys, Recently due to unforeseen circumstances I've been informed that I will be taking over as the company book keeper for a while. I've no experience doing this apart from the little I did in high school a ten years ago. I've watched a few videos to swat up on the basics again and this has led me to th...	lmshanny	4	1024	Mon Oct 21 01:17 2013 by lmshanny
	Business expenses (Preview) I am a little bit confuse, please help with business expenses definition. 1)The cost of repairing a printer is a Capital or fixed assets expense? 2) Insurance for new premises is a Capital or Fixed expense? Thanks a lot for help	julia1976	3	1218	Sun Oct 20 19:43 2013 by Shamus
	IAAP Membership (Preview) I've been sent a letter (along with IAB membership renewal) offering me membership to the International Association of Accounting Professionals (IAAP). I can't find any info on them and the website seems to be down. Is anyone a member and what are the benefits? I'm losing track of all these accounti...	matt123	4	3364	Sun Oct 20 04:45 2013 by Shamus
	Bookkeeping Leads? bookkeeping leads (Preview) I have recently registered with Servicestarts to get leads and im pretty ok with the quality of leads but im just wondering other people's comments. And are there any other good quality leads websites out there?	darkhorse	1	1779	Sat Oct 19 18:07 2013 by Shamus
	Another costing question (Preview) Just a very quick basic question but to blinkin much for my tired tiny brain! Please can someone tell me how the issued Cost per Kilo of 2.250 is calculated on 13th December? Material Receipts Issues ...	Samilou67	9	1080	Sat Oct 19 06:06 2013 by Samilou67
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