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Recent content by kodo
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K
CT600 - Moving to micro entity from full fat accounts
Seems this is new to everybody - so, just as an update... I've gone with putting everything into AC410 (Raw Materials and Consumables). Hopefully, this is correct. Funnily enough when you get to the "Computations" the usual Admin/Bank/Sundry breakdown is back so my spreadsheet was useful after...- kodo
- Post #3
- Forum: Accounting / Legal
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K
CT600 - Moving to micro entity from full fat accounts
Hello I'm doing my CT600 for 2014-2015. I've done my balance sheet and everything is in order. However, I've got boxes on my spreadsheet for Cost of Sales/Admin/Bank/Sundry etc as that was on the CT600 last year and I could just transfer across the numbers. When I started this years CT600 it...- kodo
- Thread
- Replies: 3
- Forum: Accounting / Legal
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K
Flat Rate Scheme (FRS) and CT600
Thanks Clare....This looks like what I'm after and I think it makes sense now I think about it. I was putting the gross sum in the assets and bank and trying to take off the vat of my liability as well. I still need to sit down with the calcs and get the CT600 form to agree and will post back...- kodo
- Post #6
- Forum: Accounting / Legal
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K
Flat Rate Scheme (FRS) and CT600
Chaps/chapesses I have a question regarding the flat rate scheme and the CT600 when one has a purchase over the 2K threshold... I have in the past worked out the turnover based on the gross amount less the 14.5 % I actually pay. So the extra gain is incorporated in to the P&L and my CT is paid...- kodo
- Thread
- ct600
- Replies: 6
- Forum: Accounting / Legal
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K
Director's pension, salary and dividend
Director's pension, salary and dividend Hi all.. This is my second year (and 1/4) - so, yup, still a newbie.... - I have a good reserve for the rainy days from my first year in the company as well as plenty of personal savings. The "theoretically" part of the question was just that - I don't...- kodo
- Post #6
- Forum: Accounting / Legal
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K
Director's pension, salary and dividend
Hi all I'm an IT contractor running as a LTD company. As I've been lucky this year with a solid 12 months work (and no holidays!) I'll hit the financial year end with a large profit (Yay!) and, hence, corporation tax bill. (Boo!) I have been paying myself a small monthly salary (£640) and can...- kodo
- Thread
- Replies: 25
- Forum: Accounting / Legal
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K
Accounting reference date + corporation tax
Thanks all Thanks all Sorry to take so long to thank you for your replies (minor hospital stay) I rang the HMRC and the chap answering told me I should have told HMRC when I changed the ref date with Companies House. He then said he would need to pass it on to "get it sorted". I've a sneaky...- kodo
- Post #6
- Forum: Accounting / Legal
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K
Accounting reference date + corporation tax
Hi all..... I Incorporated on 16 Dec 2011 and started trading on the first of Jan 2012 so I've just done a year. I changed my Accounting reference date to the 31/3 based on advice I'd seen around the web. I was expecting to have to file accounts from 1/1/2012 - 31/3/20113. However, I've just...- kodo
- Thread
- Replies: 5
- Forum: Accounting / Legal
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K
Registering for PAYE mid year
Many thanks for advice Many thanks for advice Hi all All the advice and time taken to respond is much appreciated. I guess I won't register and I won't pay dividends this year. I'll register from beginning of April Cheers and thanks once again... Kodo- kodo
- Post #5
- Forum: Accounting / Legal
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K
Registering for PAYE mid year
Hi all.... I've just set up my first Ltd company and have a question regarding PAYE. I believe the most tax efficient way is to register for PAYE and pay below the 7K threshold and the then the rest in dividends. However, I've set up the the company mid tax year and have already earned well...- kodo
- Thread
- paye mid year
- Replies: 4
- Forum: Accounting / Legal
