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Accounting for factored debts 19 Nov 2012 | 10:00 pm
Accounting for factored debtsI recently engaged a factor to collect some debts from my customers. How do I go about accounting for this? I’ve already received some cash from the factor. Kian, Sutton ...
Can I Claim The Cost Of Work Clothing? 31 Oct 2012 | 04:00 pm
Can I Claim The Cost Of Work Clothing?I am self employed and while I do most of my work at my office, there are frequent occasions when it is necessary for me to visit clients in their workplaces in a...
Directors and the National Minimum Wage 25 Oct 2012 | 04:00 pm
Directors and NMWI have just started my own company and my wife and I are the only directors. Do we need to pay ourselves the National Minimum Wage? Tyler, Croydon Because you are a director, you ar...
Late tax 19 Oct 2012 | 04:00 pm
Late taxI have only just paid my second Payment on Account for my income tax that was due by 31st July 2012. Will I now be charged interest and penalties? Scarlett, Chester Interest will be charged ...
October Tax Return Filing Deadline 15 Oct 2012 | 04:00 pm
October Tax Return Filing DeadlineI have received a letter from HM Revenue & Customs reminding me that I need to file my tax return by 31st October 2012. I do not have all of the information together ...
Hairdressers - VAT on chair rental 9 Oct 2012 | 04:00 pm
Hairdressers - VAT on chair rentalI am a hairdresser and I rent a chair in a salon. Can you tell me what these VAT changes are that I keep reading about with regards to chair rental payments? Hollie,...
New business registration with HMRC 3 Oct 2012 | 03:31 pm
New business registration with HMRCI have just started my own business. When do I need to register with HM Revenue & Customs? Jayden, Nottingham Firstly, you need to work out which tax year your sta...
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Mileage 31 Aug 2012 | 04:00 pm
I charge my personal company 45p per mile for business mileage. I have just traded in my car though and bought a new one. Does my total mileage continue from the old vehicle- or does it start again? ...
Should I register for VAT? 30 Aug 2012 | 04:00 pm
Should I register for VAT?I have just started my own business and I have bought a van. I incurred a considerable amount of VAT on the van and I was wondering whether I should register for VAT so that ...
