VAT & Expenses/Allowances

[northernladuk]

IMO don't mix friends as business the service you will receive will tend to be second rate because they can put you off, they can't paying customers and you all ways be at the end of the service queue.

Get a good Free agent accountant for peanuts and just get on with contracting.

[SueEllen]

IMO don't mix friends as business the service you will receive will tend to be second rate because they can put you off, they can't paying customers and you all ways be at the end of the service queue.

Get a good Free agent accountant for peanuts and just get on with contracting.

WHS

Use your friendly accountant to explain complex matters to you as long as they are the type to use the caveat these things aren't "black and white" and stress it is their opinion.

[Ted]

Hi,
Well, I've handed in my accounts to the accountant and he is now working through them prior to me making my first payment.

It is at this stage I've realised that maybe I'd be better off on the FRS. He registered me for 20% but said I could switch if it appeared to be better the otherway. Reason for this was that my company had a reasonably large expenses claim for the client over the first few months.

However, I now think that the savings made via the FRS would have exceeded any recovered amount on the 20% rate.

I'm going to see the accountant next week about maying. I'm going to ask him about which rate I should be on.

Is it possible to switch and backdate FRS to the begining of my first period or can it only be done going forward only? I've read conflicting articles online which seem to suggest various opinions from yes to no to depends on the person processing the request.


Thanks.

[Alan @ BroomeAffinity]

With respect, you should have listened to the posters telling you to get an accountant (or to be more precise a new accountant). If he never knew that you'd be better off on frs to start with then he's probably not for you. And as he's a family friend, you'd be keen to avoid mistakes by him that would make him a family friend no longer.

[SueEllen]

Hi,
Well, I've handed in my accounts to the accountant and he is now working through them prior to me making my first payment.

It is at this stage I've realised that maybe I'd be better off on the FRS. He registered me for 20% but said I could switch if it appeared to be better the otherway. Reason for this was that my company had a reasonably large expenses claim for the client over the first few months.

However, I now think that the savings made via the FRS would have exceeded any recovered amount on the 20% rate.

I'm going to see the accountant next week about maying. I'm going to ask him about which rate I should be on.

Is it possible to switch and backdate FRS to the begining of my first period or can it only be done going forward only? I've read conflicting articles online which seem to suggest various opinions from yes to no to depends on the person processing the request.


Thanks.

Don't bother going on the FRS.

Ask your new accountant what is happening in April 2017.

[northernladuk]

Don't bother going on the FRS.

Ask your new accountant what is happening in April 2017.

The OP is working in the PS?