Can you recommend any software for automating the downloading of invoices....adobe, amazon etc.

@HeelanAssociates

Жыл бұрын

No magic solution but ‘Dext’ has an invoice ‘fetch’ that works with many online portals.

Hi Dan. As a vending machine business owner, I sell some items in my machines that I buy as zero rated VAT. Is it correct that I likewise do not charge 20% VAT to my customers, and instead charge 0%, the rate I paid when I bought from my supplier?

@HeelanAssociates

Жыл бұрын

Here are a couple of links to help section 2.4 explains www.gov.uk/guidance/catering-takeaway-food-and-vat-notice-7091 www.gov.uk/hmrc-internal-manuals/vat-food/vfood5160

@TvKaplan

Жыл бұрын

@@HeelanAssociates Thanks Dan. Am I correct in assuming this only applies to items that I buy as standard VAT? If I buy a zero rated item from my supplier, I can't charge VAT to my customer can I? I put that in the books as zero rated.

Hey i registered a uk company in march 2023 and i used it to just register for stripe payment gateway and accept 1-5 payment a month like max 160$ do I need to file tax

@HeelanAssociates

Жыл бұрын

Have a watch of this one LTD COMPANY THAT'S BARELY TRADED? YOU STILL NEED TO DO THIS kzread.info/dash/bejne/eoilqrKBeKuulMY.html

How many tax returns do you file? I set up a limited company on 14th January 2021 • Filed a confirmation statement on 16th January 2022 • Filed dormant accounts on 31st October 2022 • Filed a confirmation statement on 12th January 2023 And I have had a couple failed to deliver tax return penalties. I don’t understand??

@HeelanAssociates

Жыл бұрын

Sounds like this one will answer this! DORMANT COMPANY? DO THIS OR IT COULD COST YOU! kzread.info/dash/bejne/X66Oudasp8nHg7g.html

Bookkeeping and tax preparations should be done by different people. Business owners who do not have a background in accounting, please stay OUT of the record keeping.

@HeelanAssociates

Ай бұрын

What makes you say that?

@marvelouss719

Ай бұрын

@@HeelanAssociates Not sure where you have worked or studied accounting, but I have in accounting for over 20 yrs and never seen these two separate duties carried out by one person or over done sufficiently well by one person. The tax laws in the US change constantly and keeping up the changing laws is a full time job by itself.

@marvelouss719

Ай бұрын

@@HeelanAssociates Tax treatment and economic treatment of business transactions are not the same in the US.

@marvelouss719

Ай бұрын

@@HeelanAssociates If you live and practice accounting in the US you ought to know this.

@marvelouss719

Ай бұрын

A lot of business owners only care about reducing their taxes and do not care about the overall health of their business.