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Recent content by ryebank
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shifting income to captial gain
But if the company buys back shares can't it set the cost of doing so against the profits of the company thus reducing the CT part - or is that not allowable- ryebank
- Post #6
- Forum: Accounting / Legal
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Pre Paid Debit Cards
Because you don't have Consumer Credit protection like you do on a private credit card - buy something duff (or not delivered or vendor goes bust etc) on a personal CC and the CC company will refund you - debit cards don't have that protection ... and neither in law do company CC's though some...- ryebank
- Post #19
- Forum: Accounting / Legal
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How do you advise clients of payment methods?
Make sure all he details about how to pay are on the invoice itself so when that gets down to the bod in accounts who really processes it they have it to hand - additional sheet will probably get lost in the payment auth process- ryebank
- Post #6
- Forum: Accounting / Legal
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Late Payment, Statutory Invoice and Invoice Templates
That calculator is well out of date - Late Payment rules are 8% over BoE base rate - long time since that was 4%! Should be 5.75% + 8% now = 13.75% p.a. or about 1.15% pm - if you are sure they will pay it is worth leaving it with them as you won't get a better rate in any bank! I have...- ryebank
- Post #4
- Forum: Accounting / Legal
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Income Shifting
So if my spouse cannot earn divi's on the shares it is only right the company buys the shares back isn't it ? - assuming the original £1 share is worth a hell of a lot more (as after all it is a "right" to all those divi's) would it be OK to: 1. Have the company buy back the shares and deduct...- ryebank
- Post #18
- Forum: Accounting / Legal
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Income Shifting
Why 25% Why 25% Why have you used 25% for the £36k - surely if you are making £72k then the £36k lower rate is already used so it should be 40% if you take on the extra £36k from your spouse- ryebank
- Post #17
- Forum: Accounting / Legal
