by Alastair Wood | Oct 8, 2013 | Tax Advice
In response to a number of my start up clients completing their VAT returns for the first time I have put together a procedure to follow on how to complete a VAT return online and also set up the direct debit.In both cases you will have to log in to HMRC VAT services:...
by Alastair Wood | Oct 3, 2013 | Business Advice, Tax Advice
For sole traders very little needs to be entered on a sales invoice apart from what it is for and the amount, but more is needed for a VAT registered limited company. There are HMRC requirements for a VAT invoice and separately by Companies House for the company: VAT...
by Alastair Wood | Sep 9, 2013 | Tax Advice
It is now obligatory to submit VAT returns online to HMRC and while it is fairly straightforward to register when you know how, for many new businesses it is a daunting prospect. I have helped a few clients through the process and I have listed below step by step how...
by Alastair Wood | Sep 6, 2013 | Tax Advice
A prospective client asked me the difference between an LLP and a Limited company (Ltd), and what were the pros and cons of each. Perhaps the most important similarity between the two is that they have limited liability to the members and shareholders respectively....
by Alastair Wood | Aug 27, 2013 | Tax Advice
If you are a company director and are paying yourself a low salary and topped up with dividends allow read on. Up to 5 April 2013 you are probably paying yourself £620 per month, this is greater than the NI Lower Earnings Limit at which you build up state...
by Alastair Wood | Aug 21, 2013 | Tax Advice
A number of startup clients have asked for deadlines of when they need to complete their records and file returns and I have produced a spreadsheet which summarises these for them but a little explanation may be of assistance. The starting point is the date of...
