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Recent content by mkant

  1. M

    HMRC: carrying back a trading loss

    Well it seems there's no definite answer here. I'll prob try and claim next year (carrying back), and see what happens.
  2. M

    HMRC: carrying back a trading loss

    I hadn't, but I am now :smile. But that's really where I came in - at what point would HMRC be unhappy at me getting all creative with my 10-11 Loss?
  3. M

    HMRC: carrying back a trading loss

    Thkx for all the replies - there's more info there than I'd get out of my accountant in a month of Sundays. He also said 'yes', but then started talking about reducing salary (why?). Him and I speak a different language and culture, and I find it very frustrating dealing with him. Time to...
  4. M

    HMRC: carrying back a trading loss

    ZED, very forthright, any reason why you're against carrying back the losses?
  5. M

    HMRC: carrying back a trading loss

    I have asked this Q of my accountant, but he was not convincing ;), so would like some other viewpoints. Fin Year 09/10: my company had a £80k turnover and a CT bill of £10k. No problem with the CT amount. Fin Year 10/11: I'm taking some family time off, then looking for work. It's very likely...
  6. M

    Conflict of Interest clause

    You are all most kind, and offer good thoughts. I def don't wish to close down the company though, there are various reasons why this won't be happening. There's a mix of opinion out there, but I do see that the terms of the original contract are still in force. So I'd have to tread carefully...
  7. M

    Conflict of Interest clause

    Hi - any takers on where I stand here, pretty please? The situation: for the last 3 years I’ve worked part-time 0-100 hrs per month for a consultancy company (CC). The contracts are yearly, renewable in July. One of the CC’s many clients is a FTSE 100 company (FTSE), and this is the work I’ve...
  8. M

    Salary ups and downs

    Thank-you. Will go away and read and try to understand. Hate accounting :freaky:.
  9. M

    Salary ups and downs

    Ok. Could someone give me the idiots guide to the difference between dividend and bonus. Don't they amount to the same, from HMRC's pow? Michelle
  10. M

    Salary ups and downs

    Hmm, have asked accountant - not very helpful - he glibly says no problem. He has been wrong before :eek:. The dividend route is not viable due to my particular situation, as I'm in the middle of a 5/6 yr period of UK non-residency. Salary is currently set at £20k p/a and would like to up that...
  11. M

    Salary ups and downs

    I need to bring down the balance in the company account and it's going to be tax beneficial to do this over the next few years. So the easiest way would be a sudden 40% increase in salary for 2-3 yrs, and then a sudden decrease once it's done. But is there any problem with adjusting the...
  12. M

    New to ltd company and have a few questions

    God, don't show it to the tax office. I showed them a contract just when IR35 came out, 2001, and they instantly turned it down. I knew their decision was on the wrong side of borderline, but it took me 3 more letters and a friend's help to get the Status Team Leader to 'accept that the contract...
  13. M

    Company making a Loss

    Advice appreciated - yes, I do need to sort out a new accountant, but am just taking a few deep breaths. To be honest, I'm wondering about doing the payroll myself and just getting the accounts / corp tax done. I'd have saved myself a lot of stress this year if I'd been half-running the show...
  14. M

    Lousy service from accountant, where to complain?

    I'd love to name and shame my ex-accountant, but as I'm probably the only one to have left in the last couple of months, I wouldn't like to see any nasty surprises arrive in the post (letter from HMRC etc) - they have some good lines of revenge. What is so hard about replying to e-mails, when...
  15. M

    Company making a Loss

    Guys, Accounting is by far my weak point, and I've just had to ditch my current accountant (terrible service, unanswered e-mails, calls) so I've no-one to ask. I've got no income at the moment, and nothing on the horizon, so it looks like my company will make a loss for the first time this...
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  1. Contracting
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      1. Brexit
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      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
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