Knew it was Cater Allen just by the description of the delay
There are real banks with actual faster payments that are instant, that are free you know...
With a possible recession coming up I'd hate to be with anyone whose transfers could invoke squeaky bums if it came down to it..;
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Reply to: 6 April deadline
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Previously on "6 April deadline"
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Originally posted by northernladuk View PostSo on to the next task of finding a new accountant and bank account......
Cater Allen, yes....although I can live with 1.5-day transfers. Who knows how long I'll stay contracting now days.
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Originally posted by PK2 View PostThanks everyone!
I got hold of my accountant after 6 April and he reassured me that all the dividends I declare are meant to be interim anyway, as it's a more flexible approach (and that final dividends would not be in respect to 6 Apr anyway, but rather to the company's yearend date).
That automatically solves my next issue of declaring a dividend twice in a row.
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Originally posted by PK2 View PostGoing to follow up with my accountant but really worried I've screwed something up now
I got hold of my accountant after 6 April and he reassured me that all the dividends I declare are meant to be interim anyway, as it's a more flexible approach (and that final dividends would not be in respect to 6 Apr anyway, but rather to the company's yearend date).
That automatically solves my next issue of declaring a dividend twice in a row.
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Originally posted by TheCyclingProgrammer View PostA common misconception. If the extra dividends would not result in a tax liability (e.g. they are within any unused personal allowance or the £2k dividend nil-rate band) and she has no other reason to file a tax return then she would have no obligation to notify HMRC or complete a tax return.
Lesson learned.
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Originally posted by concord View PostShe was recently gifted shares and so she would require a self assessment for the 19/20 tax year to account for the tiny dividend payment.
My accountant would charge for preparing that so it wouldn't be worth it.
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Originally posted by concord View PostShe was recently gifted shares and so she would require a self assessment for the 19/20 tax year to account for the tiny dividend payment.
My accountant would charge for preparing that so it wouldn't be worth it.
I do the wife's.
It's really simple as I simply lift the dividend number from my SA, reduce it to a 1/4 (she has 20%) and stick that in. It takes 15 minutes hence I won't pay the accountant £100 for the privelige.
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Originally posted by Lance View Postit's academic now. but....
why would taking £125 extra in dividends, on top of the presumaby c. £40k you've already taken, have any impact on the cost of your wife's SA?
What have you NOT told us?
My accountant would charge for preparing that so it wouldn't be worth it.
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Originally posted by concord View PostNo, actually I don't. I had a moment of inspiration from this thread but then realised my wife would need to file a self assessment. While it's probably dead simple, my accountant handles that and the fee would outweigh the dividend.
why would taking £125 extra in dividends, on top of the presumaby c. £40k you've already taken, have any impact on the cost of your wife's SA?
What have you NOT told us?
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No, actually I don't. I had a moment of inspiration from this thread but then realised my wife would need to file a self assessment. While it's probably dead simple, my accountant handles that and the fee would outweigh the dividend.
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Do you really want to piss about for percentage savings on 125 quid?
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My company pays an annual dividend and I factor in expected income from a savings account.
I noticed that because interest rates were lowered, I have about £125 remaining to reach the lower tax limit.
Has anyone's company paid such a small dividend?
Thanks.
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Originally posted by MrMarkyMark View PostThing is, who actually offers safe(r) free banking these days?
Only problem is £10k transaction limit. Easy setup though and it’s good to have several if you’re warchest is over the FSCS protection limit.
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Originally posted by northernladuk View PostYou know what your first jobs in the new financial year are then don't you.
I must admit I have no idea
Don't start an argument with Tarbie though. He invented faster payments you know
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Originally posted by PK2 View PostActually it's Cater Allen. I never bothered to switch.I'm not registered with FreeAgent
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