Self employed registering Ltd
Posted by: count.d on 14 June 2004
Well, after turning Ltd 20 months ago with very little hassle or costs, I have just paid my tax bill on the 1st June and saved a grand total of £3,300. This was for less than a year's trading as I registered late.
Crazy and unfair, but there you go.
So, all you sole traders who weren't advised by your accountants to register Ltd, can now go and sack them and find an efficient one.
Crazy and unfair, but there you go.
So, all you sole traders who weren't advised by your accountants to register Ltd, can now go and sack them and find an efficient one.
Posted on: 15 June 2004 by Former member
Count.d
Having an efficient accountant, you probably know that if you incorporated after 5th April 2003 you may need to complete a Form 42 by 6th April 2004, and if you don't you may be fined
Seemingly many accountants aren't aware of this (including me, until Michael C warned me, and also including at least half a dozen that I know).
Cheers
ag
Having an efficient accountant, you probably know that if you incorporated after 5th April 2003 you may need to complete a Form 42 by 6th April 2004, and if you don't you may be fined
Seemingly many accountants aren't aware of this (including me, until Michael C warned me, and also including at least half a dozen that I know).
Cheers
ag
Posted on: 15 June 2004 by count.d
Thanks Alex. I've signed a few forms, but they all look the same to me.
I'll have to check.
I'll have to check.
Posted on: 15 June 2004 by Former member
Of course, in my excitement at being helpful I mis-typed the filing deadline 
The forms need to be with the Revenue by 6th July.
I need a new career.
I owe Michael C a beer I think - he has saved me from looking rather stupid.
ag
The forms need to be with the Revenue by 6th July.
I need a new career.
I owe Michael C a beer I think - he has saved me from looking rather stupid.
ag
Posted on: 15 June 2004 by count.d
Alex,
I've just come off the phone after shouting abuse at my accountants for not having my Form 42 delivered by 6th April and I've sacked them. I now know what it's like to be Mick.
I have just seen your last post and I'm thinking what to say to to my past accountants.
I've just come off the phone after shouting abuse at my accountants for not having my Form 42 delivered by 6th April and I've sacked them. I now know what it's like to be Mick.
I have just seen your last post and I'm thinking what to say to to my past accountants.
Posted on: 15 June 2004 by Former member
How about "did you spot my deliberate mistake and why didn't you correct me?"
I am faced with writing to about 250 clients tonight and explaining the whole bloody situation. It's very crafty of the Revenue to "sneak" such a requirement out and have the filing deadline during the football.
If you are like the majority of my clients, you will expect your accountant to know about the form, fill the form in, tell you about it, file it with the revenue for no extra fee
ag
I am faced with writing to about 250 clients tonight and explaining the whole bloody situation. It's very crafty of the Revenue to "sneak" such a requirement out and have the filing deadline during the football.
If you are like the majority of my clients, you will expect your accountant to know about the form, fill the form in, tell you about it, file it with the revenue for no extra fee
ag
Posted on: 15 June 2004 by Former member
quote:Naturally, that's why we pay you £200 a hour.
If you are like the majority of my clients, you will expect your accountant to know about the form, fill the form in, tell you about it, file it with the revenue for no extra fee
Posted on: 15 June 2004 by Former member
If only, Patrick, if only.
Posted on: 16 June 2004 by NB
Quote:-
If you are like the majority of my clients, you will expect your accountant to know about the form, fill the form in, tell you about it, file it with the revenue for no extra fee
_______________________________________________________________
and if they don't they expect us to pay the penalty!
NB
(P****D off at being an Accountant!)
If you are like the majority of my clients, you will expect your accountant to know about the form, fill the form in, tell you about it, file it with the revenue for no extra fee
_______________________________________________________________
and if they don't they expect us to pay the penalty!
NB
(P****D off at being an Accountant!)
Posted on: 16 June 2004 by MichaelC
This Form 42 lark is just what we need.
What did Brown say about reducing the regulatory burden on business?
So what do the Revenue do - create a whole new reporting requirement (carrying hefty penalties for failure to report on time) which they fail to publicise.
W*****s the lot of them.
Mike
What did Brown say about reducing the regulatory burden on business?
So what do the Revenue do - create a whole new reporting requirement (carrying hefty penalties for failure to report on time) which they fail to publicise.
W*****s the lot of them.
Mike
Posted on: 16 June 2004 by NB
Michael you have a pt!
Regards
NB
Regards
NB
Posted on: 16 June 2004 by MichaelC
Nigel
You have a pt!
Regards
Mike
You have a pt!
Regards
Mike
Posted on: 16 June 2004 by JonR
quote:
Originally posted by alexgerrard:
I need a new career.
ag
As a pundit, Alex??
JonR