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  1. Advice still stands - keep on top of it as you...

    Advice still stands - keep on top of it as you go. Spreadsheet, FreeAgent or whatever. Good luck!
  2. Are you asking for a company or as a sole trader?...

    Are you asking for a company or as a sole trader? VAT registered or not? Do you really mean just Self Assessment or the whole spectrum of taxes?

    Bottom line - keep on top of it. There is never...
  3. Whats that cockney rhyming slang for???

    Whats that cockney rhyming slang for???
  4. Context, details and sector will be everything. ...

    Context, details and sector will be everything. Sometimes it’s possible, sometimes it’s not.
  5. Funny you should ask... Been finishing the...

    Funny you should ask...

    Been finishing the Masters from Hell, and in particular the final six months project squeezed into six weeks - because accountants have Plan Bs as well....

    ...and...
  6. I don’t think they would take kindly to that... ...

    I don’t think they would take kindly to that... last I heard when I used to practice in the area they were one of the biggest firms on the South Coast!
  7. Yes, registered several charities over the years,...

    Yes, registered several charities over the years, doing one now.

    An individual can’t set themselves up as a charity. But I think you knew that and were being ironic.
  8. I hear your pain. Re your accountant and vat. ...

    I hear your pain.

    Re your accountant and vat. It’s regrettbale, but the pace of change, in generality, is such that sometimes these things get missed and not thought through.

    On the NI...
  9. I’d disagree with that Hobosapien If there...

    I’d disagree with that Hobosapien

    If there was an HMRC IR35 review they’d ask about procedures for holidays rather than what actually happened. So if the client in this case wasn’t educated,...
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    If the company hasn’t traded in the year, then...

    If the company hasn’t traded in the year, then £200 tops.
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    “dormant accounts” is quite a technical...

    “dormant accounts” is quite a technical definition and once a company has had a period of trading its hard, although not impossible, to get to dormant status under company law.

    What’s mostly...
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    Not necessarily. Its not just the costs of...

    Not necessarily. Its not just the costs of renting / buying software, but also the costs of supporting the software and supporting the process of change. With MTD there is an awful lot that could...
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    Back in 99, when the original press release came...

    Back in 99, when the original press release came out, everyone thought the world as we knew it for freelancers would end. Here we are 19 years later, same story.

    There will be a way through...
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    Presumably only if they are on FRS? My...

    Presumably only if they are on FRS? My understanding is under conventional vat it would be under margin scheme, even if trader is not a car dealer.

    Don't disagree with the sentiment though, I...
  15. Although it will depend on the jurisdiction, and...

    Although it will depend on the jurisdiction, and property ownership rules, generally the location of the property is not relevant, the tax will be the same regardless of whether its in the UK or...
  16. Most of us seem to come in around £100 /m +/- £20...

    Most of us seem to come in around £100 /m +/- £20 or so, but it does depend on the package and services. I'd caution you to be aware of underpaying as its as much of a risk as overpaying.

    Check...
  17. Its not so much bureaucracy, as time. The...

    Its not so much bureaucracy, as time. The definition of trading is "no significant transactions" - that means in the current financial year you can't be dormant as you've been trading, and neither...
  18. Understand and agree, but unless I'm going cross...

    Understand and agree, but unless I'm going cross eyes shouldn't there be a don't in there, "to understand that accountants don't only work when you do"?
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    Assuming you are sole director / employee of...

    Assuming you are sole director / employee of YourCo Ltd:

    https://automation.thepensionsregulator.gov.uk/notanemployer

    If there is another employee, its more complex but still possible.
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    Why not just opt yourself out?

    Why not just opt yourself out?
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    I did once have someone contact me to form a...

    I did once have someone contact me to form a company "as a thirtieth birthday present to myself, as I've always wanted one"

    It was an odd conversation.
  22. Generally, so long as the space is shared - it...

    Generally, so long as the space is shared - it has some domestic use - its disregarded for Business Rates and CGT.

    You do, of course, do your household accounts and admin in your garden office,...
  23. Investment company status. If OP is just...

    Investment company status. If OP is just investing on the side it won’t be an issue. Becomes an issue when it significant.
  24. Legal yes *1 Advisable no *1 legal until...

    Legal yes *1

    Advisable no

    *1 legal until the day you have to pay your tax. If you can’t as the funds are tied up in stocks, then the company cannot pay its debts as they fall due, and a whole...
  25. Companies House suggests the directors were...

    Companies House suggests the directors were involved with an umbrella before, Norla. Not all the reviews are positive...
  26. Stilwell Gray, which is the firm behind the...

    Stilwell Gray, which is the firm behind the social media handle, SG, have been around a long time, and have a good reputation. I used to know someone there who looked after contractors, well over a...
  27. Perhaps hope to god someone forgot to renew the...

    Perhaps hope to god someone forgot to renew the domain name, or the hosting contract?
  28. Well, ideally you should have copies of all the...

    Well, ideally you should have copies of all the submissions anyway, but the ship may have sailed on that for you, it seems.

    If it is a pukka insolvency then you should be able to get access to...
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    :alien You know, I’ve done Small Claims Court...

    :alien

    You know, I’ve done Small Claims Court for less than that :)
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    I don't know, but you could see why.

    I don't know, but you could see why.
  31. Replies
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    I think for "loan deed" read mortgage agreement....

    I think for "loan deed" read mortgage agreement.

    To all intents and purposes it would be the same as any other loan from a company to a participator -

    (a) interest benefit at official rate...
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    I'd agree with Chris's thoughts as well. I'd add...

    I'd agree with Chris's thoughts as well. I'd add that a rough order of priority would be

    - day to day email, phone calls and advisory
    - deadline driven periodic filings - vat, payroll, looking...
  33. The last accounts at Companies House show net...

    The last accounts at Companies House show net worth of around £100 - you may be throwing good money after bad.
  34. Thanks for the thoughts guys. Santander came up...

    Thanks for the thoughts guys. Santander came up in another context, and a manger who was touting from us five years ago in still in post, so I'm making contact...
  35. You think? Any suggestions...

    You think? Any suggestions...
  36. PS, NLUK, yes, I have asked my accountant.

    PS, NLUK, yes, I have asked my accountant.
  37. Business Banking - local branch management

    One for the accountants on here, mainly, but any one else with experience chip in...

    35 years with Barclays, and the business banking has gone downhill. As I'm "in credit" and below £1m turnover...
  38. Apologies, Fred, didn't get back to this...

    Apologies, Fred, didn't get back to this yesterday. Is it clearer now, in practice if not in theory?

    It seems the Scottish Tax Rates rely on residence rather than location of work, which, as you...
  39. I'm sure you've googled, but have you seen this ...

    I'm sure you've googled, but have you seen this

    https://www.gov.uk/guidance/work-out-if-youll-pay-the-scottish-rate-of-income-tax
    (noddy guide)

    or
    ...
  40. Welcome to forum. Apples and pears. ...

    Welcome to forum.

    Apples and pears.

    Brookson are an accountancy firm.

    Quickbooks and FreeAgent are software packages.

    You cannot really compare them.
  41. Yeah, thats where the cliff edge effect of vat...

    Yeah, thats where the cliff edge effect of vat leads to all sorts of problems - some businesses feel its a commercial decision they need to take to structure in that way. Its a lot of work to get it...
  42. It can work, and a captive development company...

    It can work, and a captive development company isn't exactly novel or unusual in the development sector.

    Where your plan falls down, I think, is the supply at 5% must be on a composite supply of...
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    There’s sales and sales. It’s a bit desperate.

    There’s sales and sales. It’s a bit desperate.
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    31 December 2016 accuntswould be way out of date....

    31 December 2016 accuntswould be way out of date. Did you by chance mean 2017? Assuming you did...

    Accounts run 1 July 2016 to December 2017

    CH filing date 30 September 2018

    You need to...
  45. HMRC wouldn't know it’s TLC35, just that your...

    HMRC wouldn't know it’s TLC35, just that your advisor is called Qdos. I doubt the Self Assessment teams would even know who Qdos were.

    Frustrating when it comes up at a weekend, but this type of...
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    Check your filing date at Companies House, using...

    Check your filing date at Companies House, using their beta service or your login. That is the date that accounts for both CH and HMRC need to be made up to.

    HMRC follow CHs lead, but, as I said,...
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    Can’t answer on that info - do you mean year...

    Can’t answer on that info

    - do you mean year end date, filing date, or payment date?

    - what did you change year end from / to

    - effective date
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    It doesn't update automatically. It will update...

    It doesn't update automatically. It will update when you submit CT600 and accounts to HMRC.

    At least thats how its historically worked, and still works for submitting with professional software...
  49. IR35 comes down Employers Compliance Route, and...

    IR35 comes down Employers Compliance Route, and is initially an investigation into the company. This is a personal assessment. Although one never says never, generally HMRC aren't that joined up. ...
  50. Maybe, but it depends on timing. If MR completes...

    Maybe, but it depends on timing. If MR completes after purchase of other property then you pay higher rates and claim back.

    @OP With the twist of a marriage break down and a BTL, and relatively...
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