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    Changing from sole trader to ltd co - vat registration

    Westgolf, you (the limited company) will need to apply for a new VAT number.
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    Benefit of having husband as shareholder and employee

    Perhaps , if you were thinking of making employer pension contributions. Employer pension contributions could be made for you both.
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    CRO annual returns - audit exemption

    Funnyname You do not need to file a detailed P&L with the CRO if you company is a small company. Be careful though preparing your own accounts , if accounts are not in a certain format and do not contain certain disclosures, they may be rejected by CRO. Have you sought alternative accountancy...
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    Starting a company with a US colleague?

    Jack This is perhaps not as complicated as you think. You may set up an Irish company whereby both you and your partner are both shareholders and directors. The CRO will not object to you invoicing one company from another, you may proceed to do this. Directors may be paid a salary form this...
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    Ct1 share capital

    Noah You do not have to show the company share capital on the extract of accounts. It will though form part of the Shareholders funds, which is made up of Share Capital and Retained earnings Hope this answers your question
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    Another Intra-EU VAT Question (Simple one!)

    By saying 'the other way round' do you mean that the product is valued at 6,000 and support is 2,000. If so, the VAT rate is 23%
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    VAT Distance Selling

    Company B is treated in the same way. If selling to an EU private customer, charge VAT, does not matter where the goods are shipped from. If selling outside the EU, do not charge VAT, it does not matter where the goods are shipped from.
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    Dublin Accountant for IT services

    Merrymery Did you find a good accountant to help you ?
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    Query on PAYE Modernisation and Proprietory Directors

    If you can , stick with a monthly payment as opposed to weekly. The onus on you to make weekly returns can be a bother, which are time consuming and easy to forget. In the event of a PAYE audit, Revenue will expect you to make a return EVERY time you are paid.
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    Sole Trader accounting

    Rael I would recommend that you record the Van purchase as a Fixed Asset purchase. The supplier of the Van will be a creditor and and you treat the lease as a payment to this creditor. This lease is a liability on the balance sheet and you treat the payments as payments against this liability...
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    Tas Books.... Help Please

    Niall There is an option within TAS books to validate the information/transactions. I recommend that he run this first.
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    Claim security alarm/ CCTV home office

    I presume you run the company from your home. If so, I would advise that you claim a portion of this expense through the company.
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    Registering a company

    Dublin Guy I say keep it simple. Form a simple company Limited by Shares with one or two directors. You will also need a company Secretary. And yes you can also keep working as a PAYE individual. Best to get an accountant to do this for you. If you need any assistance, I'm glad to help.
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    Tax on income of trading binary options

    Croatica Yes, I am familiar with this. We have two clients dealing in Binary Options. We treat them as the purchase and sale of Capital Items, and this they may attract a tax charge. If you do choose an overseas broker and you are charged tax in some other country, this is deductible from...
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    Sponsorship/Advertisement

    Scanman Regarding the VAT question, I would say No. To reclaim the UK VAT you would have to show that the purchase is 100% for business purposes. If the equipment is going to be donated elsewhere, then definitely not. What is the value of the advertising, and is it really worth all the hassle ?
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    Taking money from LTD... A question about calculations ...

    TibunX Cannot be answered here. You need some clever tax planning as it will also depend on other earnings you may have. You need to discuss with an Accountant for the best outcome.
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    Sole trader vs anything else!

    Dave29 If you ultimately plan to operate as a company, I would recommend that you start off as a company. Also if you are in the early stages, make sure you keep all receipts for expenses. If the company has a loss in the early years, this can be offset against future profits. Pre-trading...
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    Operating limited company as director only

    JackKelly I do not see why not. Seems straight forward to me. Just continue to file returns for the Limited company , and file them on time.
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    V.A.T. reclaim on purchases from EU zone?

    Have your Accountant, or who ever is doing your VAT return, file a VAT EVR for you. You can reclaim the VAT directly from the German equivalent of the Revenue Commissioners.
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    Setting up a new company

    Gnf_Ireland If you previously had a company, you are probably well up to date of the reporting requirements with CRO and the Revenue. However, we have found the biggest change for IT Consultancy Clients, is the massive change to the ability to claim Mileage & Subsistence. Revenue have really...
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