I have a few queries regarding the completion of some areas within the CT600.
Firstly, in the note relating to Staffing Costs, does this include people who are self-employed or merely employed staff? Box AC98 asks for "wages and salaries of all persons employed by the company", but if you are self-employed do you count as an employed person? Secondly, should the Directors Remuneration include employers NI i.e. the total cost to the company? Finally, in the staffing note should the Directors salary be included even though it is already shown in the earlier note "Directors Remuneration"?
I wish the notes were a lot clearer! I did decide to opt for the micro-entity accounts but they are even worse amazingly :-/
When you complete a CT600, you should really have a better understanding of what the terms mean.
I sorry I cannot be more helpful, but I would never dream of completing a CT600 without a better basic understanding of what "wages and salaries of all persons employed by the company" consists of as well as what constitutes "Directors Remuneration".
The notes are not there to tell you what to do, but just a basic guidance.
I have a reply to my question above which is as follows:-
1. Only employees are to be included in the staffing note. Self-employed costs should be included as professional fees.
2. Directors remuneration shouldn't include employers NI
3. The directors salary should be included in the staffing note
I have a reply to my question above which is as follows:-
1. Only employees are to be included in the staffing note. Self-employed costs should be included as professional fees. 2. Directors remuneration shouldn't include employers NI 3. The directors salary should be included in the staffing note
Where did you get your reply from?
Self employed costs in a Limited company - Oh you mean as suppliers?
-- Edited by Cheshire on Friday 6th of March 2015 12:54:24 AM
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
I read that comment as Self employed costs implying the costs were incurred by the director. If this is the case there may well be a related party/ transactions with directors note to also consider.
However, Frauke is correct 'self employed' costs if incurred as a contract by someone that is self employed it should go the relevant category i.e. it could be a self employed bookkeeper in which it would go to accountancy costs or a self employed marketer in which case it would go to marketing costs. The self employed term is not really relevant.
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