Professional Book-keepers in Practice - The Book-keepers Forum (UK)

rachel_mclean · rachel_mclean

Hi I have 2 employees that have left and have already received their P45's but are due holiday pay. I understand that I have to write to the tax office and give them details of the extra payment. I am now trying to process the payroll and holiday pay accrued - I am using Moneysoft Payroll Manager - do I need t...

rachel_mclean · rachel_mclean

Hi I have a client who runs a business that s open 11 months of the year and in the month that it is closesd all the employees are paid there holiday pay. All the employees have irregular hours and are paid hourly. I'm wondering what the best way is to calculate their holiday pay, I know that HMRC have a way...

Pink Panther · Pink Panther

Hi there, If I'm employed and self employed and paid class 1 ni via employment (paye) in 14/15 and then paid class 4 and class 2 via self employment in my 14/15 tax return as I am over the threshold for when it is due. Have I overpaid national insurance then in my employment as I am paying in my self employme...

rachel_mclean · rachel_mclean

Hi, I feel a bit stupid asking this question (probably should know as I've dealt with it before years ago) I have a client who changed to the VAT flat rate scheme. I don't actually know how to put this into the accounts, do I use the total income figures (including the flat rate vat) or the net of FRS vat inco...

Eleanor · Eleanor

Hi all I'm new here and so happy to have found this forum as you seem a really helpful bunch and I could use a reality check. To give you some background I have been working for many years in finance roles for big corporates. I have never done any bookkeeping for small businesses. I completed my CIMA exams b...

rachel_mclean · rachel_mclean

Hi, I hope I haven't posted this question before! Does anyone use a a programme like Docu Sign for sending tax returns to clients to sign to save time? and have any recommendations for which one to use? I had a look at Docu SIgn for £20.00 per month and an Adobe one for £30.00 pm. I was hoping to spend a little...

The Cyclist · The Cyclist

I am on level 3 ICB so not yet able to have my own practice. My accountant would like a part-time bookkeeper but does not want to employ me, or anyone else, as a staff member but would like to put together a contract. This contract would state that the ad hoc work is to give me "supervised work"...

Maria LR · Maria LR

Good Evening All, I am after insight on bookkeepers' role who are self employed as part of my future planning and to get an idea of how things are done in the actual world. As mentioned in the past, I have financial management and commercial management work experience but I've never experienced a compl...

Georgie · Georgie

Hi People, First dumb question of the year I used Andica for a partnership tax return . The client wants a copy of the SA800 but Andica doesn't seem to reproduce the standard one on HMRC's website . Does anyone know why ? Or haven't I found it in the software? Georgie

Shamus · Shamus

Hi all, I think that all of us with any sense know not to open attachments. However, just a warning about one way that scammers are attempting to instal randsomware on peoples PC's. The pond scum are trawling through bookkeepers and accountants websites looking for contact details and sending email...

rachel_mclean · rachel_mclean

Sorry to Vince who already part answered this question for me on another thread (which I now can't find) I'm getting a muddle, the asset that was part exchanged cost nothing, zero and is in the fixed asset account as zero, so I want to show the 18,000 profit on the sale of the asset but I'm muddling up ever...

TMe668 · TMe668

Has anyone tried software called Pricing In The Cloud? I just watched a webinar by its creator, Mark Wickersham, and it looks interesting. Whenever I look into "value pricing", all I find is advice about sales, marketing, and the importance of value pricing, but no information abo...

rachel_mclean · rachel_mclean

Hi Is anyone able to check my journal for me please? I want to be sure that I have entered this correctly, and on the journal I'm not sure how to post the 14,900 Thanks in advance for any help!!

Asset list price74,500.00VAT14,900.00Finance charge8,300.00Admin fee95.00 97,795.00 Part- Excha...

rachel_mclean · rachel_mclean

Hi there I have a client that does not need to use the full capital allowance available, can I just use the amount that brings the profit down enough to not pay tax? rather than using 18% of WDV plus additions? Sorry for all the questions, this is by far the most complicated return I have done yet (and it's s...

rachel_mclean · rachel_mclean

Hi I'm sorry for the bombarding of questions I've not done much of this work before I'm just about to finish a set of accounts, I have the profit & loss and balance sheet. On my printed copies from my software I want to take out the depreciation for the tax return, which is fine I've done that BUT wha...

rachel_mclean · rachel_mclean

Hi Can anyone tell me how I should deal with this. A client has bought a new tractor which was part exchange for an old tractor and vat was paid on the part exchange. This old tractor has never been recorded as an asset, it was acquired from my clients father in exchange for covering his work when needed. T...

rachel_mclean · rachel_mclean

Hi, I wonder if anyone can help me as I've not dealt with this before. I have a client whose accounts I do annually. They became VAT registered during the 2014/15 tax year, I haven't started yet but I am hoping to use VT for this one. My question is if the business became vat registered part way through th...

rachel_mclean · rachel_mclean

Hi, I don't think I am going to get all my clients tax returns filed in by the deadline (they brought the paperwork in very late) I wondered if this is actually allowed or legal) Am I allowed to file a return with estimated figures then a few days later (after the deadline) file an amendment? Thanks Rachel...

rachel_mclean · rachel_mclean

Hi, I'm a little confused on claiming capital allowances on Plant & Machinery purchased on Hire Purchase. I've read through a lot of HMRC pages and I think you can claim the actual cost of the asset but not the interest - is this right? Thanks in advance Rachel

TMe668 · TMe668

I'm an experienced bookkeeper, but I've always worked as an employee for an hourly rate. I'd like to do some freelance work, but I want to charge a flat price, not an hourly rate. One option is "value pricing", where I simply ask the client what they think the work is worth. Even if I do that, I...

Topic		Started By	Replies	Views	Last Post
	Moneysoft Payroll Manager - holiday pay for employee already issued a P45 (Preview) Hi I have 2 employees that have left and have already received their P45's but are due holiday pay. I understand that I have to write to the tax office and give them details of the extra payment. I am now trying to process the payroll and holiday pay accrued - I am using Moneysoft Payroll Manager - do I need t...	rachel_mclean	3	2454	Tue Feb 23 11:47 2016 by Leger
	Holiday pay calculation (Preview) Hi I have a client who runs a business that s open 11 months of the year and in the month that it is closesd all the employees are paid there holiday pay. All the employees have irregular hours and are paid hourly. I'm wondering what the best way is to calculate their holiday pay, I know that HMRC have a way...	rachel_mclean	13	1627	Fri Feb 19 19:07 2016 by abacus12345
	Employed and self employed ni (Preview) Hi there, If I'm employed and self employed and paid class 1 ni via employment (paye) in 14/15 and then paid class 4 and class 2 via self employment in my 14/15 tax return as I am over the threshold for when it is due. Have I overpaid national insurance then in my employment as I am paying in my self employme...	Pink Panther	10	1811	Fri Feb 19 18:13 2016 by Leger
	Flat rate scheme in the accounts (Preview) Hi, I feel a bit stupid asking this question (probably should know as I've dealt with it before years ago) I have a client who changed to the VAT flat rate scheme. I don't actually know how to put this into the accounts, do I use the total income figures (including the flat rate vat) or the net of FRS vat inco...	rachel_mclean	3	1647	Fri Feb 19 06:25 2016 by rachel_mclean
	First Job - am I mad?! (Preview) Hi all I'm new here and so happy to have found this forum as you seem a really helpful bunch and I could use a reality check. To give you some background I have been working for many years in finance roles for big corporates. I have never done any bookkeeping for small businesses. I completed my CIMA exams b...	Eleanor	1	1342	Wed Feb 17 22:12 2016 by abacus12345
	Does anyone use a programme like DocuSign for a quicker and easier way to get tax returns signed? (Preview) Hi, I hope I haven't posted this question before! Does anyone use a a programme like Docu Sign for sending tax returns to clients to sign to save time? and have any recommendations for which one to use? I had a look at Docu SIgn for £20.00 per month and an Adobe one for £30.00 pm. I was hoping to spend a little...	rachel_mclean	8	1332	Tue Feb 9 12:42 2016 by HendyPhilhendy
	Working for an accountant whilst still in training - regulations (Preview) I am on level 3 ICB so not yet able to have my own practice. My accountant would like a part-time bookkeeper but does not want to employ me, or anyone else, as a staff member but would like to put together a contract. This contract would state that the ad hoc work is to give me "supervised work"...	The Cyclist	3	1087	Mon Feb 8 12:57 2016 by Shamus
	Self-Employed (Preview) Good Evening All, I am after insight on bookkeepers' role who are self employed as part of my future planning and to get an idea of how things are done in the actual world. As mentioned in the past, I have financial management and commercial management work experience but I've never experienced a compl...	Maria LR	2	1163	Sat Feb 6 12:10 2016 by Maria LR
	Partnership tax returns (Preview) Hi People, First dumb question of the year I used Andica for a partnership tax return . The client wants a copy of the SA800 but Andica doesn't seem to reproduce the standard one on HMRC's website . Does anyone know why ? Or haven't I found it in the software? Georgie	Georgie	2	1135	Wed Feb 3 13:20 2016 by Georgie
	Attachments warning (Preview) Hi all, I think that all of us with any sense know not to open attachments. However, just a warning about one way that scammers are attempting to instal randsomware on peoples PC's. The pond scum are trawling through bookkeepers and accountants websites looking for contact details and sending email...	Shamus	6	1128	Wed Feb 3 12:05 2016 by VinceH
	JRNL for a part exchange that cost nothing.... (Preview) Sorry to Vince who already part answered this question for me on another thread (which I now can't find) I'm getting a muddle, the asset that was part exchanged cost nothing, zero and is in the fixed asset account as zero, so I want to show the 18,000 profit on the sale of the asset but I'm muddling up ever...	rachel_mclean	6	5347	Mon Feb 1 08:52 2016 by Cheshire
	Cloud Pricing - Pricing In the Cloud (Preview) Has anyone tried software called Pricing In The Cloud? I just watched a webinar by its creator, Mark Wickersham, and it looks interesting. Whenever I look into "value pricing", all I find is advice about sales, marketing, and the importance of value pricing, but no information abo...	TMe668	9	1864	Fri Jan 29 18:24 2016 by TMe668
	is there anyone who can check my journal for a part exchange asset please (Preview) Hi Is anyone able to check my journal for me please? I want to be sure that I have entered this correctly, and on the journal I'm not sure how to post the 14,900 Thanks in advance for any help!! Asset list price74,500.00VAT14,900.00Finance charge8,300.00Admin fee95.00 97,795.00 Part- Excha...	rachel_mclean	5	1628	Fri Jan 29 15:12 2016 by Leger
	Last question before the deadline (I promise) do you have to claim all available capital allowances? (Preview) Hi there I have a client that does not need to use the full capital allowance available, can I just use the amount that brings the profit down enough to not pay tax? rather than using 18% of WDV plus additions? Sorry for all the questions, this is by far the most complicated return I have done yet (and it's s...	rachel_mclean	3	1007	Fri Jan 29 14:12 2016 by rachel_mclean
	P&L and B/S for tax return (Preview) Hi I'm sorry for the bombarding of questions I've not done much of this work before I'm just about to finish a set of accounts, I have the profit & loss and balance sheet. On my printed copies from my software I want to take out the depreciation for the tax return, which is fine I've done that BUT wha...	rachel_mclean	1	1049	Fri Jan 29 13:18 2016 by Shamus
	Part-exchange with an asset 'aquired' (Preview) Hi Can anyone tell me how I should deal with this. A client has bought a new tractor which was part exchange for an old tractor and vat was paid on the part exchange. This old tractor has never been recorded as an asset, it was acquired from my clients father in exchange for covering his work when needed. T...	rachel_mclean	3	1323	Thu Jan 28 18:48 2016 by Cheshire
	Using VT - business becomes vat registered part way through the year - cash accounting (Preview) Hi, I wonder if anyone can help me as I've not dealt with this before. I have a client whose accounts I do annually. They became VAT registered during the 2014/15 tax year, I haven't started yet but I am hoping to use VT for this one. My question is if the business became vat registered part way through th...	rachel_mclean	3	1281	Wed Jan 27 20:45 2016 by rachel_mclean
	Is this legal? file a estimated tax return then file an amendment ? (Preview) Hi, I don't think I am going to get all my clients tax returns filed in by the deadline (they brought the paperwork in very late) I wondered if this is actually allowed or legal) Am I allowed to file a return with estimated figures then a few days later (after the deadline) file an amendment? Thanks Rachel...	rachel_mclean	6	1413	Tue Jan 26 00:48 2016 by JamesNexok
	Capital Allowances on Hire Purchase Plant & Machinery (Preview) Hi, I'm a little confused on claiming capital allowances on Plant & Machinery purchased on Hire Purchase. I've read through a lot of HMRC pages and I think you can claim the actual cost of the asset but not the interest - is this right? Thanks in advance Rachel	rachel_mclean	3	1018	Mon Jan 25 22:50 2016 by Shamus
	How do you put a price on a bookkeeping job? (Preview) I'm an experienced bookkeeper, but I've always worked as an employee for an hourly rate. I'd like to do some freelance work, but I want to charge a flat price, not an hourly rate. One option is "value pricing", where I simply ask the client what they think the work is worth. Even if I do that, I...	TMe668	15	5864	Sun Jan 24 11:36 2016 by Shamus
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