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

NME504 · NME504

Morning, Just hoping for some advice please. I have a new client that would like me to complete this form for him. He is not currently registered for Self assessment. My questions are :-The form only asks for the period 2012-2013....what about later years (he only started renting his house in july...

Haymac · Haymac

Hi All, I have a client - sole trader, who is currently claiming mileage at 45p per mile. He now wants to lease a vehicle, possibly with option to purchase at end of term. My question is, would he be able to claim the business element of the lease on his SA and also claim the mileage allowance ? Any pointe...

Borboleta · Borboleta

Hi all, I ordered something on Amazon which I can claim on expenses. However, when I contacted the seller to ask for an invoice, they said that because they're an independent seller, they can only provide the order confirmation. This has my name and address, and confirms what I bought and how I paid for...

Fiona46 · Fiona46

Hi All Please can someone confirm how you correctly account for contract hire vehicles? My understanding : The contract hire is deductible for tax purposes - 100% if the Co2 emissions are below 130g/m and 85% deductible if above 130g/km VAT is fully recoverable on the maintenance part and 50% only...

Fiona46 · Fiona46

I have a client where the business is run by a husband and wife neither of them are directors of the company but they are the ones wholly responsible for the business and all decisions etc. A third person is director, in name only, I don't know what the history is behind this. Reviewing the books I can see t...

Twinkle · Twinkle

I have been asked to dispose of Goodwill as the item has been sitting in the BS for years evading the auditors but the time has come to write it off but wanted to double check if my journal entries are correct. Goodwill cost = £210,000 Goodwill amortisation charge = £152250 We have several account i...

Citygal · Citygal

Hello My Company has just gone over to paying their suppliers by Bacs. I have access to the bank account and can do this. Has anyone any ideas with regards to implementing a good system for authorisation of a bacs run by the Director. (Previously with cheque payments - the signing of the cheque ( accomp...

Becks78 · Becks78

Hi. Looking for some assistance. Recently took over a complete mess of accounts. Sage 50 had been set up on new PC but no info bought forward from previous one. Had payments/receipts in April which I had no data for, eventually got copies of invoices and posted 2013 ones as 1/4/2014. Have since...

cath343 · cath343

Hi Guys, I need some advice on the best way to post when a director uses a personal funds to purchase assets for the business. For smaller purchases I have been running a Bank Account named 'Directors Loan Account' as I have found this easier keep track of the day to day ins and outs. I feel that it would b...

Nimac · Nimac

Hello I am starting to use the projects module in sage 50 as a basis of keeping track of project costs as the project progresses. I am at the set up stage, entering the details of the engineers who will work on the project including hourly labour charge. I'm getting myself a little confused and was hoping...

shada · shada

Hi everyone I'm new on here so please bear with me, but I have a question that may seem simple to you all but I just can't get my head around, can anyone explain in plain English how I calculate profit when the accounts do not follow a tax year. say business commenced Oct 11 but the profits are to Sept each ye...

Susie Sue · Susie Sue

Hellooooooo Long time no see but I have been lurking!! I need excel advice please. I have set up a P&L spreadsheet showing current month and year to date figures. How do I copy this to a new worksheet and the formulas change?? ie Januarys YTD = January + Decembers YTD so I want to copy this to Februar...

Eilef · Eilef

hi folks, i need to enter a new account from a trail balance I have been given. How do I enter sales and purchase returns? Is it just a case of putting the entry in as a credit/Debt in the sales account/purchase account? thanks

Fiona46 · Fiona46

I am just reminding myself how this all works and would be grateful if someone could confirm my understanding: Dividends are only payable out of distributable reserves They tend to be paid interim and final To declare a dividend the directors need to hold an EGM or is it just noted in the AGM? For a dir...

Fiona46 · Fiona46

Hi All I have a client who has not been great at keeping their accounting records or even purchase invoices/receipts. I know what the majority of the costs are for as I have credit card statements etc. Would you put the allowable business expenses through the books and take a deduction?. Obviously I c...

Scomadi08 · Scomadi08

Hi Though small companies do not need to file a directors' report, HMRC requires it for CT600 Returns it seems? Can anyone share a sample directors' report for small companies under the Companies Act 2006, its content, and the particular wordings in Small Company Provisions? The Company has only o...

Sammy76 · Sammy76

My client set up his business this year (2014) but, knowing he would be going alone at some point in 2014, purchased a laptop and some other equipment ready for the new business, before April. The invoices are in his name rather than the business name, although he is a sole trader trading as. Can he, pers...

Samilou67 · Samilou67

Hi I have recently taken on a new client selling online products. I have taken a Sage backup from their office to have a look at what has been done already, their year end is December and there was Nov & Dec to complete. I am using this data to start afresh using Sage one which they are paying for. After c...

ClawzCTR · ClawzCTR

So who's doing it? :D I'm gonna be there, I just wondered if anyone else was going and we could meet up and put a face to a forum name! lol If no one is then I shall sulk and tell you all about it upon me return! lol

Borboleta · Borboleta

Good morning everyone! A few questions about expenses, if you don't mind... I'm registered as self-employed with my home address, and will be teaching private English lessons in cafés/students' homes/offices. I presume I can claim all train/bus tickets to and from these places as expenses? If I t...

Topic		Started By	Replies	Views	Last Post
	Disclosure for Let Property Campaign (Preview) Morning, Just hoping for some advice please. I have a new client that would like me to complete this form for him. He is not currently registered for Self assessment. My questions are :-The form only asks for the period 2012-2013....what about later years (he only started renting his house in july...	NME504	1	864	Tue Feb 24 22:13 2015 by Mad Liz
	Leasing (Preview) Hi All, I have a client - sole trader, who is currently claiming mileage at 45p per mile. He now wants to lease a vehicle, possibly with option to purchase at end of term. My question is, would he be able to claim the business element of the lease on his SA and also claim the mileage allowance ? Any pointe...	Haymac	4	1299	Tue Feb 24 18:15 2015 by Haymac
	Independent Amazon seller (Preview) Hi all, I ordered something on Amazon which I can claim on expenses. However, when I contacted the seller to ask for an invoice, they said that because they're an independent seller, they can only provide the order confirmation. This has my name and address, and confirms what I bought and how I paid for...	Borboleta	2	1179	Tue Feb 24 10:41 2015 by Borboleta
	Contract hire and the accounting therof (Preview) Hi All Please can someone confirm how you correctly account for contract hire vehicles? My understanding : The contract hire is deductible for tax purposes - 100% if the Co2 emissions are below 130g/m and 85% deductible if above 130g/km VAT is fully recoverable on the maintenance part and 50% only...	Fiona46	0	981	Mon Feb 23 11:04 2015 by Fiona46
	How would you treat this? (Preview) I have a client where the business is run by a husband and wife neither of them are directors of the company but they are the ones wholly responsible for the business and all decisions etc. A third person is director, in name only, I don't know what the history is behind this. Reviewing the books I can see t...	Fiona46	9	1477	Mon Feb 23 10:15 2015 by Fiona46
	Disposal of Goodwill (Preview) I have been asked to dispose of Goodwill as the item has been sitting in the BS for years evading the auditors but the time has come to write it off but wanted to double check if my journal entries are correct. Goodwill cost = £210,000 Goodwill amortisation charge = £152250 We have several account i...	Twinkle	0	1433	Fri Feb 20 13:24 2015 by Twinkle
	Authorising a bacs run (Preview) Hello My Company has just gone over to paying their suppliers by Bacs. I have access to the bank account and can do this. Has anyone any ideas with regards to implementing a good system for authorisation of a bacs run by the Director. (Previously with cheque payments - the signing of the cheque ( accomp...	Citygal	6	1265	Fri Feb 20 09:38 2015 by Cheshire
	Sage50 Year End/ Debtors and Creditors Balance (Preview) Hi. Looking for some assistance. Recently took over a complete mess of accounts. Sage 50 had been set up on new PC but no info bought forward from previous one. Had payments/receipts in April which I had no data for, eventually got copies of invoices and posted 2013 ones as 1/4/2014. Have since...	Becks78	4	1196	Thu Feb 19 09:47 2015 by Cheshire
	Journals for posting directors personal loan to buy assets? (Preview) Hi Guys, I need some advice on the best way to post when a director uses a personal funds to purchase assets for the business. For smaller purchases I have been running a Bank Account named 'Directors Loan Account' as I have found this easier keep track of the day to day ins and outs. I feel that it would b...	cath343	1	838	Wed Feb 18 23:13 2015 by MarkS
	labour cost in sage projects (Preview) Hello I am starting to use the projects module in sage 50 as a basis of keeping track of project costs as the project progresses. I am at the set up stage, entering the details of the engineers who will work on the project including hourly labour charge. I'm getting myself a little confused and was hoping...	Nimac	1	1157	Wed Feb 18 15:07 2015 by Nimac
	taxable trade profit (Preview) Hi everyone I'm new on here so please bear with me, but I have a question that may seem simple to you all but I just can't get my head around, can anyone explain in plain English how I calculate profit when the accounts do not follow a tax year. say business commenced Oct 11 but the profits are to Sept each ye...	shada	9	1386	Tue Feb 17 18:47 2015 by Shamus
	Profit & Loss spreadsheet (Preview) Hellooooooo Long time no see but I have been lurking!! I need excel advice please. I have set up a P&L spreadsheet showing current month and year to date figures. How do I copy this to a new worksheet and the formulas change?? ie Januarys YTD = January + Decembers YTD so I want to copy this to Februar...	Susie Sue	3	1625	Mon Feb 16 14:10 2015 by Susie Sue
	Sage nominal code help (Preview) hi folks, i need to enter a new account from a trail balance I have been given. How do I enter sales and purchase returns? Is it just a case of putting the entry in as a credit/Debt in the sales account/purchase account? thanks	Eilef	3	1542	Sat Feb 14 20:04 2015 by Onion4Sage
	Making dividend payments and minimizing tax (Preview) I am just reminding myself how this all works and would be grateful if someone could confirm my understanding: Dividends are only payable out of distributable reserves They tend to be paid interim and final To declare a dividend the directors need to hold an EGM or is it just noted in the AGM? For a dir...	Fiona46	8	1429	Sat Feb 14 14:14 2015 by Rob-f58049
	Deduction of expenses (Preview) Hi All I have a client who has not been great at keeping their accounting records or even purchase invoices/receipts. I know what the majority of the costs are for as I have credit card statements etc. Would you put the allowable business expenses through the books and take a deduction?. Obviously I c...	Fiona46	2	782	Fri Feb 13 11:18 2015 by Fiona46
	CT600 DIRECTORS REPORT? (Preview) Hi Though small companies do not need to file a directors' report, HMRC requires it for CT600 Returns it seems? Can anyone share a sample directors' report for small companies under the Companies Act 2006, its content, and the particular wordings in Small Company Provisions? The Company has only o...	Scomadi08	1	79638	Thu Feb 12 17:01 2015 by Shamus
	Purchases made before tax year (Preview) My client set up his business this year (2014) but, knowing he would be going alone at some point in 2014, purchased a laptop and some other equipment ready for the new business, before April. The invoices are in his name rather than the business name, although he is a sole trader trading as. Can he, pers...	Sammy76	2	859	Wed Feb 11 12:47 2015 by Sammy76
	New client help (Preview) Hi I have recently taken on a new client selling online products. I have taken a Sage backup from their office to have a look at what has been done already, their year end is December and there was Nov & Dec to complete. I am using this data to start afresh using Sage one which they are paying for. After c...	Samilou67	3	1239	Tue Feb 10 22:32 2015 by Samilou67
	XeroCon 2015 (Preview) So who's doing it? :D I'm gonna be there, I just wondered if anyone else was going and we could meet up and put a face to a forum name! lol If no one is then I shall sulk and tell you all about it upon me return! lol	ClawzCTR	2	1045	Tue Feb 10 11:31 2015 by HendyPhilhendy
	Expenses - self-employed (Preview) Good morning everyone! A few questions about expenses, if you don't mind... I'm registered as self-employed with my home address, and will be teaching private English lessons in cafés/students' homes/offices. I presume I can claim all train/bus tickets to and from these places as expenses? If I t...	Borboleta	9	1634	Tue Feb 10 10:34 2015 by Borboleta
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