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Recent content by comodorepet

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    Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)

    strikes me the profit allocation statements are moot. HMRC can just ask, what did you get from the LLP each year? right, well that's what you owe tax and NI on. doesn't matter what the profit allocation is, or if it's been offset in some way through acquisition or LLP accounts. We're then...
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    Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)

    oh dear oh dear. Not good reading here. Having just registered interest for settlement of EBT Loans in FY 10/11, I'm wondering now whether I should be registering interest for settlement for the years since, where I've been receiving capital account payments? Do HMRC consider LLPs as schemes...
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    Overdrawn Capital Account Scheme (Aston Mae / Glen Mae / Procorre)

    another chap here in Procore and in the process of doing the buy out. Can I be given PM rights so I can ask to join the WhatsApp group please?

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