(I world ask an accountant, but they'd think I was insane asking hypothetical questions now since I'm still working my notice on my permie job.)
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Not at all. It's all part of tax planning and it's never too early to do that and any decent accountant shouldn't mind. The accountant is much more likely to think you are insane to be taking tax advice from one line sweeping statements from another contractor you don't know on an internet forum. I certainly do.
(I world ask an accountant, but they'd think I was insane asking hypothetical questions now since I'm still working my notice on my permie job.)'CUK forum personality of 2011 - Winner - Yes really!!!!
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if the money goes to THEIR account, and they have other income, how can HMRC say the money you gave them went into paying the mortgage off? Obviously if you send £500 div payment and they pay £500 off a joint mortgage it's harder to argue, but if the values don't match, then what your partner decides to do once the money has gone into their account is up to them.
That said, I dont do that, so haven't had the advice around itComment
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Originally posted by northernladuk View Post
Yeah, I get that but asking here would obviously never take the place of asking for proper advice. I have a big list of questions for my accountant and that one's near the top, but since the matter was being discussed here I thought it would be reasonable to ask (and I still do).
Cheers, Danglekt.Comment
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Good stuff. Also just make sure you focus on the basics before the more grey aspects. The fact you are on here and active puts you way ahead of most other contractors in your situation but remember to prioritize the information. There is a lot of it to take in and there is a time and a place for much of it and that isn't always day one. Keep ploughing through the forums though.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Cool, thanks. I just want to make sure I'm asking informed questions, so I dig around a bit here and that helps me know what to ask a professional about.Comment
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Oh, well I guess you know what you know pretty well then. My apologies.Originally posted by css_jay99 View Post
How did you get on with the Capital Allowance Treatment you didn't know about?
http://forums.contractoruk.com/accou...ue-damage.html
Or getting mixed up because you didn't understand Total value of sales and all other outputs excluding any VAT
http://forums.contractoruk.com/accou...x-6-value.html
Or.. not knowing that bank interest was included in your Turnover figure...
http://forums.contractoruk.com/accou...ml#post1546606
Just saying like...Last edited by northernladuk; 22 April 2016, 14:03.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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But if NLUK's client ever clocks the amount of time he spends on here winning arguements, I imagine he will look more like the lad with his head in his handsOriginally posted by pr1 View Postschooled
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