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accountant

  1. C

    Going alone in doing annual Company accounts

    Hello Everyone. I need some advice please and hope you can help! I've been a Ltd Co contractor for 7 years and my last contract ended back in February this year and I then took a fill time PAYE job with another company. So really, the Ltd company isn't in use any more but I do owe the company...
  2. P

    Difficulty moving accountant

    Hi everyone, For those of you who moved accountants how long did the process of getting your accounts up to date with the new accountant take? It's been 3 weeks since I gave PayStream a formal notice (by email) and my new accountant keeps telling me that they haven't even received any reply...
  3. U

    Has anyone left Intouch Accounting recently ?

    Been with them for over 4 years now but really not seeing any value for what i'm paying and the last 3 weeks of trying to get something done through them has been beyond a joke. Has anyone left them recently ? Was it a smooth process? Any issues / penalties for leaving ? Thanks in advance
  4. T

    Additional fee for year-end tax filing

    Hi, I started contracting through a limited company in Feb this year. When I signed up with my accountant, they promised that the year-end tax filing and all services would be included in their package and I pay them a monthly amount. Now when filing tax for the year 2018/2019, they are charging...
  5. J

    How to go from Accountant to DIY Accounts

    Hello All I am looking for guides / advice on how to go from monthly fee paid accountant to DIY accounts. There are many threads with strong opinions both ways on whether going DIY is a good idea. I would say there are more on it being a bad idea than a good idea. I am not looking through...
  6. G

    Do I need an accountant if I'm taking a break? Advice needed

    Hello i'm a newbie to the contracting world and need some advice on accounting matter please. Contract started : April 2018 Contract ends: end of June 2019 Company year end accounting date: end April 2019 I've been with a local small accountancy for LTD runs and they recently sent me a...
  7. F

    How Soon To Engage An Accountant?

    I'm currently permie, going contract next month. I've set up a company, purchased the necessary insurance and got a business bank accountant. I don't want to handle the accountants day-to-day, so I need to get an accountant. Probably an online-only FreeAgent accountant like Gorilla or Dolan...
  8. K

    Expense - 10 mile rule

    Hi, I've recently changed my accountant. My new accountant says: "I need to make you aware of the 24 month rule. For example contract A was for 18 months and located at Canary Wharf, you then have a new contract (Contract B duration 18 months) and the new place of work is located in London...
  9. H

    Extract Capital as Entrepreneur's Relief - Advice

    Hi, I'm shutting down my ltd. company after moving into full term employment. There is around 60k distributable profit in the business, and I'd like to exit this with entrepreneurs relief (@ 10% capital gains, so assume 54k net). When do I take this 60K out of the business, and what do I...
  10. S

    Starting a contract before the VAT registration is complete.

    Hi, Crunch (accounting) have applied for my VAT registration for my newly created company but there was a mistake and hence HMRC requires more evidence/documents for the verification process. I have all of those and have already provided them to Crunch which in turn will update my application...
  11. A

    Changing accountants mid contract.

    Hi I am thinking of changing my accountant as he is not doing much or anything at all. Also currently he is abroad and I am unable to get hold of him since last 4 weeks. what do I have to do for handover to a new accountant? Do I need to make HMRC aware? Also any recommendations for a good...
  12. J

    Current accountants making the move to a new one harder than it should

    Bear with my first post, appreciate the patience if someone is able to help. Due to the extremely poor service I've been getting with Umbrella Accountants and reading the posts here I've decided to go with InTouch When they asked me last week if I'd prefer giving them the notice myself or them...
  13. J

    Question about expenses

    Hi, Need some help, sorry this question may have been posed many times before but I am not clear. I’m new to contracting and have just set up a limited company (am director and am employee) and started as a worker providing IT Consultancy Services. I have a client for 6 months, and I will be...
  14. S

    IT Contractor accountant in Preston, Lancashire

    Hello everyone, I'm a contractor newbie and am about to start on my first contract next month. Can someone recommend a good accountant in the Preston area? I'm an IT contractor an accountant who has got experience with IT contractors and tax advice around them would be preferred. I know that...
  15. F

    Accounting & Pay for 1 week in the tax year

    Hi, In the tax year of 2016/17 I only worked the final week of the year, (last week in April). My invoice for the year was 2,750+550 VAT= 3,300 in total. I am on the flat rate scheme @ 14%, what’s the treatment to get the maximum. Appreciate if someone could provide a breakdown. I have an...
  16. S

    End of year accounts with new accountant

    Hi! I've just received the end of year accounts for my boyfriend's Ltd, and out of about £43,000 in turnover, the corporation tax adds up to about £5,200. My boyfriend (director) contracts all over Europe, for 2-6 months at a time. This means he has to travel to various locations every few...
  17. T

    Hello and intro

    Evening all. So, I appreciate this must have asked before so sorry to waste anyone time. Essentially, I'm a doctor now doing full time locum and has my own ltd company. Want to be as tax efficient as I can be and the more I look around it the less I understand it. Anyone know of a good...
  18. E

    New Accounting firm

    First post on here but SJD have finally pushed me to the limit. I wont go in to specifics but broadly speaking I am underwhelmed by their service after 3 or 4 years with them. Mistakes, lack of responsiveness, excel spreadsheet book keeping, having to chase, expensive....to name but a few. I am...
  19. P

    Working through UK Ltd, resident in France, client in UK/USA

    Hi All I have a friend that is in a bit of a pickle. He's on a very decent rate, but has been 'advised' all sorts of 'advice' from his French accountant. Situation: UK national, resident in France (lived there for a few years now). Client is American company, invoices UK client's office...
  20. J

    Depreciation of IT hardware reducing balance?

    I can't get my accountant to do straight line depreciation on IT hardware as I believe is normal. The problem comes when you wish to close down the company and they have done reducing balance. They try to say that they only do reducing balance. Can the director insist on a particular...

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