Professional Book-keepers in Practice - The Book-keepers Forum (UK)

bk · bk

Hi Guys Thought I'd share this one with you. Just completing a set of accounts and have found a range of expenses claims for a local lap dancing bar. Don't think HMRC would find it as funny as I did. Think its taking client entertainment to the limit, but made me giggle. Debbie

rachel_mclean · rachel_mclean

Hi, I'm really confused by this. I feel a bit embarrassed asking. A new client who has only set-up in the 2015-16 tax year bought a Van - on a CONTRACT LEASE Is this initially renting a van? unless they actually buy it at the end of term, in which case is expensed as vehicle rental? I'm having trouble putt...

stephen72 · stephen72

Hi , just wondering if anyone can give some advice please . i have myself a bit confused with how to do the dividend that would clear the directors loan account at the year end. the director has taken a small salary each month during the year as well as taking money out which I have posted to her directors lo...

rachel_mclean · rachel_mclean

Hi, costs and revenues exam tomorrow and as usual I've left it to the last minute to learn the whole text book! There is a question about re-order levels that I've got wrong and I can't work out how to get to the right answer CORRECT ANSWER: 33,750 MY ANSWER: 26,900 HOW I GOT TO MY ANSWER: re-order level = (m...

rachel_mclean · rachel_mclean

Hi I have a client (a partnership) with a cafe, this is the third year of doing their accounts. When I took over the accounts and got the records from the previous accountant there was goodwill still on the balance sheet, even though they bought the cafe a few years previously. I have left in it in the las...

rachel_mclean · rachel_mclean

Hi, after a search back of recent posts I've noticed nobody has talked about what fees they have charge for a while. Since very recently I have charged an hourly rate and only now started a fixed fee for SOME new clients. I am finding it really difficult to estimate the work involved before giving a fixed...

Marky65 · Marky65

Hi I have been considering for a while about terminating my agreement with a client as they have become more and more difficult to work with and I think that I have now reached the point where it is time to do so. I am wondering when any of you have previously terminated your agreements how much notice hav...

lots to learn · lots to learn

Hi All I'm back with my farm accounts problems. For anyone who is interested in this field, I have found a extremely useful body offering courses/ information etc. However, in the meantime I have a problem understanding how to show unrealised profit in the profit and loss account. My accounts show S...

rachel_mclean · rachel_mclean

Hi Just had a bit of a panic, my client who has just set up a ltd co has received this letter (attached) in the post! asking for £190, I don't really understand what it is about and if it's necessary? has anybody seen a letter like this before or know what this company is? Thanks Rachel Looks like it's jus...

rachel_mclean · rachel_mclean

Hi, I hope I'm not showing myself up by asking this (it is VERY late) I have a CIS subcontractor client, one of his contractors pays a travel payment to him on his subcontractor payments - this is classed as income and is taxed as normal isn't it? as the amount the contractor has paid him for travel has not...

rachel_mclean · rachel_mclean

Hi, I come across a few of these a year and until this one I have managed to work it out (eventually) but with this one I am totally stuck, I don't know if it's because I've been going over and over it and I can't see straight anymore. This client also has an accountant so I'm not actually filing the info in a ta...

rachel_mclean · rachel_mclean

Hi, I hope I haven't already written about this (I did go back to all posts started but can't see anything) I'm going back to sending out a couple of letters of introduction to businesses a week. I've done this twice and have and got and still have 2 clients with regular work this way, I haven't done it for a...

rachel_mclean · rachel_mclean

Hi I wonder if anyone can check my tax calculation please, it's for a client whom I am waiting for agent authorisation from before I can file their return. I don't normally give a tax calculation before I have inputted the info into the tax return and HMRC confirm my calculation but I said I would with th...

bk · bk

Hi All, I wondered if anyone could please offer their wisdom, as I think I may be overthinking this one. I have a client who took over his father's business when he died. His father was a sole trader and the business is now a partnership. However, there was an outstanding debt to a supplier when his father...

lots to learn · lots to learn

I just had to share this. While going through a clients paperwork which contained none of the information I actually require, I find a hospital outpatient appointment for tomorrow. I quickly phone my client and he replies "Oh, thankyou, I don't suppose you know when my dentist appointment is?"

Georgie · Georgie

oh my god, I am about to be royally ripped off.... Just had an email from the people that built my website last year and they are asking for £354 to host my site for a year, which includes SSL , support and a really crappy email account that only stores 20 emails before its full. I am am sure last year when I a...

matt123 · matt123

Is anyone a member? I was looking at the "Free Business Banking" part as my account is costing £66 per year plus transaction fees for each of my 2 companies. These fees alone would be the same cost as annual membership to FSB so it seems a no brainer. Would the membership be an allowable expense? As I unde...

Georgie · Georgie

Hi Ive asked for some handover info from the previous accountant and my emails are being ignored. Any advice? Georgie

Crina251075 · Crina251075

Hi guys, I use Sage100 and need to do Balance sheet reconciliation. what accounts shall I reconcile and how to start? Many thanks, Crina

lots to learn · lots to learn

I hope someone may be able to help as I'm having a blank moment. My client is an employee with Marriage allowance and a further employment allowance in his tax code. He also rents out property, hence the self assessment. I cannot see anywhere on the self assessment to add these allowances (options for t...

Topic		Started By	Replies	Views	Last Post
	Cheeky expenses claim (Preview) Hi Guys Thought I'd share this one with you. Just completing a set of accounts and have found a range of expenses claims for a local lap dancing bar. Don't think HMRC would find it as funny as I did. Think its taking client entertainment to the limit, but made me giggle. Debbie	bk	4	1474	Sat Jul 30 18:48 2016 by bk
	HP credit agreement - I'm having trouble adding this up (Preview) Hi, I'm really confused by this. I feel a bit embarrassed asking. A new client who has only set-up in the 2015-16 tax year bought a Van - on a CONTRACT LEASE Is this initially renting a van? unless they actually buy it at the end of term, in which case is expensed as vehicle rental? I'm having trouble putt...	rachel_mclean	13	2134	Sat Jul 30 10:51 2016 by Cheshire
	Dividends on sage (Preview) Hi , just wondering if anyone can give some advice please . i have myself a bit confused with how to do the dividend that would clear the directors loan account at the year end. the director has taken a small salary each month during the year as well as taking money out which I have posted to her directors lo...	stephen72	6	1320	Thu Jul 28 09:27 2016 by stephen72
	Sorry a cost and revenues practice exam question...baffled to how to get to this answer (Preview) Hi, costs and revenues exam tomorrow and as usual I've left it to the last minute to learn the whole text book! There is a question about re-order levels that I've got wrong and I can't work out how to get to the right answer CORRECT ANSWER: 33,750 MY ANSWER: 26,900 HOW I GOT TO MY ANSWER: re-order level = (m...	rachel_mclean	3	1112	Sun Jul 24 19:44 2016 by abacus12345
	Writing out goodwill (Preview) Hi I have a client (a partnership) with a cafe, this is the third year of doing their accounts. When I took over the accounts and got the records from the previous accountant there was goodwill still on the balance sheet, even though they bought the cafe a few years previously. I have left in it in the las...	rachel_mclean	1	1208	Fri Jul 22 10:58 2016 by Cheshire
	Fees (Preview) Hi, after a search back of recent posts I've noticed nobody has talked about what fees they have charge for a while. Since very recently I have charged an hourly rate and only now started a fixed fee for SOME new clients. I am finding it really difficult to estimate the work involved before giving a fixed...	rachel_mclean	24	1960	Mon Jul 18 14:06 2016 by VinceH
	Termination of agreement (Preview) Hi I have been considering for a while about terminating my agreement with a client as they have become more and more difficult to work with and I think that I have now reached the point where it is time to do so. I am wondering when any of you have previously terminated your agreements how much notice hav...	Marky65	7	2634	Fri Jul 15 14:02 2016 by jsweet
	Farm Accounts and Unrealised Profit (Preview) Hi All I'm back with my farm accounts problems. For anyone who is interested in this field, I have found a extremely useful body offering courses/ information etc. However, in the meantime I have a problem understanding how to show unrealised profit in the profit and loss account. My accounts show S...	lots to learn	4	1454	Tue Jul 12 20:45 2016 by lots to learn
	Does anyone know what this letter is about from e-public.co.uk, asking for a payment of £190 for a ltd co (Preview) Hi Just had a bit of a panic, my client who has just set up a ltd co has received this letter (attached) in the post! asking for £190, I don't really understand what it is about and if it's necessary? has anybody seen a letter like this before or know what this company is? Thanks Rachel Looks like it's jus...	rachel_mclean	7	1250	Fri Jul 8 16:21 2016 by YLB-HO
	CIS subcontractor paid travel by contractor (Preview) Hi, I hope I'm not showing myself up by asking this (it is VERY late) I have a CIS subcontractor client, one of his contractors pays a travel payment to him on his subcontractor payments - this is classed as income and is taxed as normal isn't it? as the amount the contractor has paid him for travel has not...	rachel_mclean	3	1174	Thu Jul 7 20:04 2016 by Cheshire
	Holiday cottage income - does anybody understand the statements from holiday rental agencies? (Preview) Hi, I come across a few of these a year and until this one I have managed to work it out (eventually) but with this one I am totally stuck, I don't know if it's because I've been going over and over it and I can't see straight anymore. This client also has an accountant so I'm not actually filing the info in a ta...	rachel_mclean	10	1283	Fri Jul 1 19:42 2016 by rachel_mclean
	Opening line of a letter of introduction (Preview) Hi, I hope I haven't already written about this (I did go back to all posts started but can't see anything) I'm going back to sending out a couple of letters of introduction to businesses a week. I've done this twice and have and got and still have 2 clients with regular work this way, I haven't done it for a...	rachel_mclean	1	1036	Fri Jul 1 14:21 2016 by Shamus
	Could somebody check my tax calculation please (Preview) Hi I wonder if anyone can check my tax calculation please, it's for a client whom I am waiting for agent authorisation from before I can file their return. I don't normally give a tax calculation before I have inputted the info into the tax return and HMRC confirm my calculation but I said I would with th...	rachel_mclean	12	1287	Thu Jun 30 23:30 2016 by rachel_mclean
	Soletrader debts (Preview) Hi All, I wondered if anyone could please offer their wisdom, as I think I may be overthinking this one. I have a client who took over his father's business when he died. His father was a sole trader and the business is now a partnership. However, there was an outstanding debt to a supplier when his father...	bk	2	894	Wed Jun 29 15:27 2016 by bk
	Clients - Why we love them ! (Preview) I just had to share this. While going through a clients paperwork which contained none of the information I actually require, I find a hospital outpatient appointment for tomorrow. I quickly phone my client and he replies "Oh, thankyou, I don't suppose you know when my dentist appointment is?"	lots to learn	12	1459	Sat Jun 25 23:01 2016 by Cheshire
	Web hosting (Preview) oh my god, I am about to be royally ripped off.... Just had an email from the people that built my website last year and they are asking for £354 to host my site for a year, which includes SSL , support and a really crappy email account that only stores 20 emails before its full. I am am sure last year when I a...	Georgie	9	1425	Mon Jun 20 22:18 2016 by VinceH
	Federation of Small Businesses (Preview) Is anyone a member? I was looking at the "Free Business Banking" part as my account is costing £66 per year plus transaction fees for each of my 2 companies. These fees alone would be the same cost as annual membership to FSB so it seems a no brainer. Would the membership be an allowable expense? As I unde...	matt123	12	1482	Mon Jun 20 19:01 2016 by Cheshire
	Sour Grapes (Preview) Hi Ive asked for some handover info from the previous accountant and my emails are being ignored. Any advice? Georgie	Georgie	8	1526	Sat Jun 18 12:30 2016 by Georgie
	Balance sheet Reconciliation (Preview) Hi guys, I use Sage100 and need to do Balance sheet reconciliation. what accounts shall I reconcile and how to start? Many thanks, Crina	Crina251075	1	1012	Thu Jun 16 19:59 2016 by Cheshire
	Tax Allowances on Tax Return (Preview) I hope someone may be able to help as I'm having a blank moment. My client is an employee with Marriage allowance and a further employment allowance in his tax code. He also rents out property, hence the self assessment. I cannot see anywhere on the self assessment to add these allowances (options for t...	lots to learn	2	1102	Thu Jun 16 12:15 2016 by lots to learn
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