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

Stardoe · Stardoe

Hi Guys, Long time since I've posted! Hope everyone is well

I have done a search and I can't see the answer to my query anywhere, even though there are a lot of questions about this subject. I have a client (care industry) who has staff who work irregular hours each month, therefore I am calculatin...

TrM5 · TrM5

Hi My understanding of HMRC rates for mileage using own car for business use is as follows: 1) The 45p per mile rate is the MAXIMUM payable by an employer (unless you want to incur BIK). 2) An employer can well pay less than this, if agreed with the employee - without downward limit. Is this correct ? Ass...

Nikole · Nikole

Hello, I will be meeting with a potential new client next week and they have advised me that the bookkeeping involves CIS. Although I am familiar with CIS and understand how it works, I have never had any practical experience. Potential client uses Sage for payroll and accounting which I am familia...

tonys · tonys

Hi I wanted to confirm my understanding of the VAT rules of selling goods to EU is correct. If a UK VAT registered business sells goods within the EU (B2B) the VAT is reverse charge, you then may need to register for VAT in Countries if you breach the limits. If you register in a Country and goods are still...

EllieF · EllieF

Hi, can someone advise which nominal code I should use to post Motor Trade Insurance. Thanks

CJH · CJH

Good afternoon, Just after a little advice. As a director of a Ltd company can they file their own Y/E and CT accounts with HMRC? Thanks C -- Edited by CJH on Monday 15th of October 2018 03:46:30 PM

dhedley · dhedley

Hi All, apologies if this has been asked before...... In a moment of weakness I agreed to help a friend with their UK Self Assessment Return for 17/18. They became Self Employed as a Plaster (formerly PAYE) during 17/18, however the record keeping is terrible, they have been mixing business and perso...

Purple · Purple

Hi I am ACCA qualified with 10 years post qualification experience in industry and one year in practice. I currently have a very good job but it isnt full time so I am thinking about setting up a bookkeeping business on my spare days. i am thinking of doing this to fit around my children (single mum, you...

xiaoheidan · xiaoheidan

Hello everyone! My husband hold a limited company. His nature of business is information technology consultancy activities. Recently he was make a speech about math in an Chinese University .Can his company pay his travel expenses? And if he can be paid, this expenses should be put in business cost...

Mike Wilson · Mike Wilson

Hi Can a laptop be depreciated 100% in the year of Purchase? Total cost of item £1100 Thanks Mike

Pops · Pops

Hi, There probably is a very easy answer to this but I am getting myself very confused. I need to value stock for opening stock entrie, some of the stock was paid for and some stock was given cheap or FOC. So do I value it the price I paid for, if any, or the cost price it is worth? Many thanks Pops

Cheshire · Cheshire

Well well, I had a call from Sage yesterday whilst I was visiting a client about said client. Now telling me (after saying client was moving from sage if they carried on with their ridiculous hard sell for MTD and £1800pa charges with no disc!) that they were listening to customers who were complaini...

dnlpntl · dnlpntl

Hi, I am a self employed individual and I am planning on completing my self assessment return soon. Regarding the expenses- Ive heard that there are some limits to which HMRC will never take you for extra security checks by asking you to provide all the receipts proving the occurred expenses. Is t...

NA_AA · NA_AA

Hi, I really need some help regarding how to treat debt sold to a factoring company. Basically, I added the invoices in Sage against the customer accounts. The invoices are now still outstanding and overdue. However, the issue is that the debt has been sold therefore how can I show this in Sage? Wh...

dnlpntl · dnlpntl

Im working in construction as a self-employee and I need to complete my self assessment return. My accountant told me: Look, I can guarantee you the X amount to be paid back to you with Y expenses amount. If you want to be paid more with more expenses, then the risk is on you. How did my accountant figure...

Seahorse · Seahorse

Good morning all, I do the bookkeeping for a Charity and although the sales and purchasing are very simple I am struggling with accounting of the stock for year end.The Charity only take stock once a year so I have opening & closing balance. I was advice to entered the Stock O/Bal using a journal e...

Michelle_83 · Michelle_83

HI all, one of my clients is asking for a report that shows the total of everything invoiced owed to him as he calls it every weeek. He is currently using sage 2014 and I cant find a report that just gives me the amount. Each report seems to break it down into periods not outstandin. Can anybody help please...

Purple · Purple

Hi How do you account for cash purchases for a pub? I have just started doing the books for them and we have the cash deposits in to the bank on one side, deposits for card transactions, a spreadsheet saying what the takings have been each day, a pile of invoices and receipts, one for card purchases which c...

stephen72 · stephen72

hi just looking for a bit of advice, i have a client who is a company director and her company has been set up since 2010. She is looking to start up a separate new business and is wondering if she can take some money out of her existing company to help set up her new company. would she be able to take as dividen...

Artois · Artois

Morning all, and a very wet one it is here Set up a meeting with a potential client (sole trader) who has a building firm and also has some rental properties who wants me to do his accounts and SATR for last year, no problems with that from the brief conversation we had. However he has asked about setting u...

Topic		Started By	Replies	Views	Last Post
	Holiday pay for irregular hours (Preview) Hi Guys, Long time since I've posted! Hope everyone is well I have done a search and I can't see the answer to my query anywhere, even though there are a lot of questions about this subject. I have a client (care industry) who has staff who work irregular hours each month, therefore I am calculatin...	Stardoe	11	1257	Tue Nov 27 17:56 2018 by Leger
	Mileage Allowance - not complying with HMRC rates (Preview) Hi My understanding of HMRC rates for mileage using own car for business use is as follows: 1) The 45p per mile rate is the MAXIMUM payable by an employer (unless you want to incur BIK). 2) An employer can well pay less than this, if agreed with the employee - without downward limit. Is this correct ? Ass...	TrM5	8	1549	Fri Nov 23 11:12 2018 by TrM5
	New Client & CIS (Preview) Hello, I will be meeting with a potential new client next week and they have advised me that the bookkeeping involves CIS. Although I am familiar with CIS and understand how it works, I have never had any practical experience. Potential client uses Sage for payroll and accounting which I am familia...	Nikole	18	2157	Thu Nov 22 09:32 2018 by Nikole
	Registering for VAT in EU (Preview) Hi I wanted to confirm my understanding of the VAT rules of selling goods to EU is correct. If a UK VAT registered business sells goods within the EU (B2B) the VAT is reverse charge, you then may need to register for VAT in Countries if you breach the limits. If you register in a Country and goods are still...	tonys	13	1812	Fri Oct 19 17:26 2018 by tonys
	Motor Trade Insurance (Preview) Hi, can someone advise which nominal code I should use to post Motor Trade Insurance. Thanks	EllieF	2	1262	Thu Oct 18 19:34 2018 by Cheshire
	Year End Accounts and CT600 (Preview) Good afternoon, Just after a little advice. As a director of a Ltd company can they file their own Y/E and CT accounts with HMRC? Thanks C -- Edited by CJH on Monday 15th of October 2018 03:46:30 PM	CJH	1	1233	Mon Oct 15 19:00 2018 by Cheshire
	Self Assessment - First Return (Preview) Hi All, apologies if this has been asked before...... In a moment of weakness I agreed to help a friend with their UK Self Assessment Return for 17/18. They became Self Employed as a Plaster (formerly PAYE) during 17/18, however the record keeping is terrible, they have been mixing business and perso...	dhedley	23	2380	Wed Oct 10 19:56 2018 by Cheshire
	FCCA thinking of going it alone (Preview) Hi I am ACCA qualified with 10 years post qualification experience in industry and one year in practice. I currently have a very good job but it isnt full time so I am thinking about setting up a bookkeeping business on my spare days. i am thinking of doing this to fit around my children (single mum, you...	Purple	11	1960	Sat Oct 6 09:11 2018 by Leger
	IT limited company trivial expenses (Preview) Hello everyone! My husband hold a limited company. His nature of business is information technology consultancy activities. Recently he was make a speech about math in an Chinese University .Can his company pay his travel expenses? And if he can be paid, this expenses should be put in business cost...	xiaoheidan	4	1317	Sun Sep 30 07:47 2018 by Artois
	re: Depreciation of a Laptop (Preview) Hi Can a laptop be depreciated 100% in the year of Purchase? Total cost of item £1100 Thanks Mike	Mike Wilson	8	3784	Wed Sep 26 23:20 2018 by Shamus
	Stock (Preview) Hi, There probably is a very easy answer to this but I am getting myself very confused. I need to value stock for opening stock entrie, some of the stock was paid for and some stock was given cheap or FOC. So do I value it the price I paid for, if any, or the cost price it is worth? Many thanks Pops	Pops	3	1678	Tue Sep 18 22:22 2018 by Cheshire
	Sage - perpetual licences on disc (Preview) Well well, I had a call from Sage yesterday whilst I was visiting a client about said client. Now telling me (after saying client was moving from sage if they carried on with their ridiculous hard sell for MTD and £1800pa charges with no disc!) that they were listening to customers who were complaini...	Cheshire	23	3053	Thu Sep 13 18:47 2018 by VinceH
	Self employment tax return (Preview) Hi, I am a self employed individual and I am planning on completing my self assessment return soon. Regarding the expenses- Ive heard that there are some limits to which HMRC will never take you for extra security checks by asking you to provide all the receipts proving the occurred expenses. Is t...	dnlpntl	32	2020	Thu Sep 13 18:10 2018 by Cheshire
	How to account for factoring (Preview) Hi, I really need some help regarding how to treat debt sold to a factoring company. Basically, I added the invoices in Sage against the customer accounts. The invoices are now still outstanding and overdue. However, the issue is that the debt has been sold therefore how can I show this in Sage? Wh...	NA_AA	21	15285	Tue Sep 11 12:59 2018 by Shamus
	Self Assessment tax returns (Preview) Im working in construction as a self-employee and I need to complete my self assessment return. My accountant told me: Look, I can guarantee you the X amount to be paid back to you with Y expenses amount. If you want to be paid more with more expenses, then the risk is on you. How did my accountant figure...	dnlpntl	5	1652	Thu Sep 6 18:50 2018 by Cheshire
	Year End Stock (Preview) Good morning all, I do the bookkeeping for a Charity and although the sales and purchasing are very simple I am struggling with accounting of the stock for year end.The Charity only take stock once a year so I have opening & closing balance. I was advice to entered the Stock O/Bal using a journal e...	Seahorse	21	1909	Sat Sep 1 12:09 2018 by Cheshire
	Total invoices report (Preview) HI all, one of my clients is asking for a report that shows the total of everything invoiced owed to him as he calls it every weeek. He is currently using sage 2014 and I cant find a report that just gives me the amount. Each report seems to break it down into periods not outstandin. Can anybody help please...	Michelle_83	8	1665	Sat Sep 1 11:33 2018 by Cheshire
	Cash purchases (Preview) Hi How do you account for cash purchases for a pub? I have just started doing the books for them and we have the cash deposits in to the bank on one side, deposits for card transactions, a spreadsheet saying what the takings have been each day, a pile of invoices and receipts, one for card purchases which c...	Purple	12	1979	Tue Aug 21 18:32 2018 by Cheshire
	Director taking money out of company (Preview) hi just looking for a bit of advice, i have a client who is a company director and her company has been set up since 2010. She is looking to start up a separate new business and is wondering if she can take some money out of her existing company to help set up her new company. would she be able to take as dividen...	stephen72	3	1650	Mon Aug 20 20:59 2018 by stephen72
	Transfer BTL to a Ltd Co (Preview) Morning all, and a very wet one it is here Set up a meeting with a potential client (sole trader) who has a building firm and also has some rental properties who wants me to do his accounts and SATR for last year, no problems with that from the brief conversation we had. However he has asked about setting u...	Artois	9	1889	Tue Aug 14 23:08 2018 by Leger
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