Best Of
Re: Using Accounting Software Exam AQ2016 HELP!
Sage 50 is a more advanced version which needs to be downloaded on to your computer. Sage One can be accessed anywhere from the website online.
Re: Spelling mistake on the banner photograph
Thanks for the heads-up. It's now on my to-do list. 
Paul
Paul
Re: Completed Foundation Certificate, need advice on next steps with no work experience!
"but that also gives you their monkey laundering cover"
Not sure that Monkey Laundering is entirely ethical or even legal!
Not sure that Monkey Laundering is entirely ethical or even legal!
Tax Query on disposal of business
Hi all,
I have a client (ltd company) who is selling his business. Unfortunately he cannot realise a very big price for it, and is selling it for £25k (he originally purchased it for over £70k). The company at the moment owes him and his wife (the only two shareholders) around £30k which they put into the business when they purchased it. He has asked me whether he should take money out before he sells it as drawdown of his capital, so that the business owes him less when he sells, or as wages to lessen his Corporation Tax.
I'm thinking wages would be the sensible solution, however it is then likely that the company will owe them money that it cannot repay them as they are selling at such a low price - what happens in this situation? Anyone any thoughts?
Regards,
Julie
I have a client (ltd company) who is selling his business. Unfortunately he cannot realise a very big price for it, and is selling it for £25k (he originally purchased it for over £70k). The company at the moment owes him and his wife (the only two shareholders) around £30k which they put into the business when they purchased it. He has asked me whether he should take money out before he sells it as drawdown of his capital, so that the business owes him less when he sells, or as wages to lessen his Corporation Tax.
I'm thinking wages would be the sensible solution, however it is then likely that the company will owe them money that it cannot repay them as they are selling at such a low price - what happens in this situation? Anyone any thoughts?
Regards,
Julie
Advice please
I am looking at starting my own bookkeeping business I have very little finance experience.So will be starting from Foundation I want to learn using online training and would like a recommendation as to who is the best provider. I will be working at my current part-time job whilst training and building the business. thank you
Offshore Company
Hi all,
One of my clients is thinking about setting up an offshore company in the Seychelles, which will process credit card payments for an online pharmaceutical company in India. He will then invoice the Seychelles company for 10% commission on the payments received into the Seychelles company. He will declare the 10% commission as income through his VAT registered UK ltd company. He has asked me if this is all legal.
Can anyone see anything obviously illegal here?
Thank you
One of my clients is thinking about setting up an offshore company in the Seychelles, which will process credit card payments for an online pharmaceutical company in India. He will then invoice the Seychelles company for 10% commission on the payments received into the Seychelles company. He will declare the 10% commission as income through his VAT registered UK ltd company. He has asked me if this is all legal.
Can anyone see anything obviously illegal here?
Thank you
Re: Start Up Costs
I've not long become AATQB, so I'm getting my bookkeeping licence and going self employed on the side of my full time job. I'm currently studying level 4, so looking to add services once I'm qualified.
Re: Greenlight tests for personal tax
@AATQUEEN If you have spotted potential mistakes with our learning materials we would be happpy to investigate them. Our friendly customer service team can be reached via [email protected] or via : +44 (0)20 3735 2468