Skyline D Member Profile in The AnswerBank

Stopping Trading For 12 Months

I have a registered company which has been trading for two years, but as i have to have hip and knee replacement , I wish to cease trading for 12 months . Do I just inform my accountant or do I have...

2016newlife2016

My 1993 Honda Was Stolen 19 November 2015 And Never Was Recovered. Would I Be Able To Claim This As A Loss On My Income Taxes?

My 1993 Honda Accord was stolen 19 November 2015 and never has been recovered. I had only Liability Insurance on it. Would I be able to claim this as a loss on my Income Taxes?

CleeMan

Vw Compensation

Will the receipt today of 6 bottles of wine from the local VW garage for "inconvenience" have any effect on any future compensation claims I may have?...

Jennykenny

Get Round The Tax Man?

I want to give £10,000 to a close member of my family, (needed for house repairs). Is there any way I can do this without tax having to be paid on it? Can I set it up as a loan? (Perhaps to be paid...

HenryFord

Vat On Fuel Passed Onto Customer

I run a company that has 20 self employed drivers. These drivers are not VAT registered, but my company is. The drivers pay for fuel themselves and we pass this expense on to our customers. We repay...

albaqwerty

Shortfall In Wages

job offer was £x per hour less 20% tax (self employed) wages were short by quite a considerable amount, after various emails promising to get it sorted for the next pay run, which never happened, it...

waterbitch

Taxation On Property

I have a house that we rent out,it is our only property(we live in rental at the moment) and when the current tenant moves out we wish to sell it and buy somewhere else for us to live in, We have been...

Retrochic

Help With Business Giving To Charity Please.

I've just spent half an hour going around in circles at HMRC so hopefully someone may be able to help on this question on here. I have a registered business and sell vintage and retro items on line...

whiskeryron

Scottish Referendum

Does anyone agree with me that denying born Scots the ability to vote because at present they live elsewhere other than in Scotland should be declared illegal ?

Dee-M-See

Banks

If Scotland votes to go Independent, will Barclays and the other big banks pull out of Scotland?

davidk65

Corporation Tax

Could a small private, not for profit, sports club be liable for corporation tax on any money the hold in the way of savings? It has approximately 100 members, the number rises and falls over time. It...

Segilla

Whatis A Gift Of Money?

I have given my children the maximum, £3000 this tax year. Are charitable gifts treated differently? Maybe these could come under the other gifts not exceeding £50 rule, but what if I wanted to give...

nellypope

Vat Or Not Vat That Is The Question? . . . And Of Course Purchase Orders

I am a sole trader, I don't VAT as I supply a service. One company who use me alot need to generate purchase orders before I invoice them, they always supply an itemised breakdown of that month's work...

bollyhead

Shared Access And Being Used To Motor Bike By Neighbour

Our property shares a joint access foot path to mine and my neighbours property only. the houses are joined but have an alleyway through to the rear garden. this access is just for our two properties....

named-it

Red And Yellow Card Fines?

Anyone know how much professional footballers pay for their fines??

nellypope

Advice For A Creditor Following Liqudation Or Will I Ever See My Money?

I am a freelance graphic designer, I had a regular client who has sadly gone into voluntary liquidation. They have outstanding invoices, for which I obviously have copies of and can substantiate my...

CokeTulip

Company Files - For How Long Should They Be Kept?

Some legals on AB may have come across this... any thoughts welcome. 1) Is it reasonable for a company to destroy all files after 7 years? or 2) Is the onus on the company to keep some historical...

timberup

Pros And Cons With A Ltd Company

My accountant has suggested that I might switch from a sole trading business to a Ltd company for tax purposes. I have been doing some research and the biggest no no for me is having to charge VAT on...

Millycat

New Car Service Plan Refund

I paid cash for a new car from a Volkswagen dealership this year, total cost £11,624. Of the total cost £299 was for fixed price servicing for 3 years, so the actual cost of the car was £11325. I...

itsmefolks

Taxing Issue

I have a small retail business which I started last year. My accountant says I cant claim my petrol against the business takings!!I just dont understand it at all. My van is purchased through the...

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