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Recent content by YNWA

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    Worrying HMRC statement - End of Umbrella?

    Just came across this on HMRC website....HM Revenue & Customs: Statement by HM Revenue & Customs From what I can make out, its saying expenses can no longer get tax relief even under dispensation unless they are actually reimbursed to employee? doesnt have a date on statement, so not sure how...
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    Free Umbrella Company

    There is no such thing as free.... There is no such thing as free.... There are so many clever, experienced contractors on board and I cant believe no one such worked this out:bang::bang: Of course anu umbrella companies can charge for free if they want to, and still make money (if not more...
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    Limited Company & Business Rates

    I know that Personal Service Companies dont have to pay buisness rates, but Im not sure why. I work fro home for my client and came across this: http://www.voa.gov.uk/publications/public_fact_sheets/working_from_home.html Just raised some doubts for me.... can anyone put record straight in...
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    Is it possible to include a salary bonus to raise SMP?

    Afternoon, Im wondering if anyone can help? Me and my wife are both contractors, are 50/50 shareholders and both directors of one limited company... My wife is expecting in March 2010 and currently we are both paid a low gross annual salaries of under £10k. We have also taken enough...
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    Michael Jackson Joke Thread

    Ticketmaster have said that anyone wanting refunds can beat it. I have tickets for sale for the Jackson 4
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    Loss on Shares through Ltd Company - Treatment?

    yes it is a TD trading account. Thanks
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    Loss on Shares through Ltd Company - Treatment?

    I bought shares through my Ltd Company for £5000 last year and due to the excellant timing, they went downward through the floor :mad::mad: Anyway sold them in the end for just over a grand. Does anyone know if I can write of the loss as an expense? Im thinking as loss on investment??? Please...
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    Spending the Corporation Tax

    Salary should only be paid from profits....if your contract stops, so should your salary. The company shoudl always have provision in the company to cover all tax liabilities at anytime. What expenses would be legit if there was no income.....a few interview expenses??? hardly £20k worth..
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    Personal Tax Return penalty or not?

    taken from Shout99 website taken from Shout99 website Filing online As it stands at the moment, if your Self Assessment tax return is still outstanding, you must now file this online by January 31 to avoid being charged a penalty. You can still register to file your 2008 Self Assessment tax...
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    Buying and selling gold?

    Anyone opened a gold account as an alternative to crappy interest in UK banks? Mate of mine sent me this link where you can buy or sell gold. Might be an alternative to keeping your money in banks, espescially during these times!! I registered this morning and it shows the gram in my account...
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    Personal Tax Return penalty or not?

    Taken these bits from accounting web: ''The initial penalty for a late individual return is £100, but this is capped at the amount of tax outstanding at 31 January. This capping process does not apply to partnership returns which must be filed online to avoid the penalty of £100 per partner.''...
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    Personal Tax Return penalty or not?

    The rule has always been, if there is no tax due as at 31/01/09 then no penalty can be charged? Or if there is a refund due, even if the Return is late then no penalty can be charged? Or am I wrong on both counts?
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    Personal Tax Return penalty or not?

    Hi Need someone in the know to confirm something please in regards to submitting a Paper Personal Tax Return. As I understand it, I can submit a Paper Tax Return today and as long as the tax due is paid in full by 31 Jan, there will be no penalty. Am I correct? Thanks
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    VAT Registration

    Rumours are that Newry office is closing soon, so that should add further problems :mad :mad :mad Just rang Newry to chase my VAT and the phonelines are now only open form 10am to 3pm....still couldnt get through to anyone cos 'all lines are busy please try again later'. tossers
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    Chaning Accountant- 1st Contact delays

    Got this from them: Notice: As a result of the recent changes in legislation, we are experiencing extraordinarily large volumes of queries and increased workload, which has resulted in a backlog of the work we undertake for you to change accountants. While we are aiming to work through this...

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