I'm self employed. Will an estate agent accept my books done by a chartered accountant as proof of my income?
I've found the most incredible house to rent and I want to move in asap. The only thing is I'm a self employed teacher and I get my money in cash from my private students. My credit history/ bank statements don't look fantastic because I got married to a man a lot older than me and he's always dealt with the finances, and I've always just paid my way in the household with cash. I've also been really sloppy and I haven't done my tax returns for 4 years. Would an estate agent accept my books verified by a chartered accountant? To prove that I can pay the rent weekly. Thank you And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's? And, I wanted to sign a contract for a year, but do you think an estate agent would do a shorter "trial" contract, say for three months, just to see how things go if they weren't too happy with my proof of earning's?
Renting & Real Estate - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
accounts certified by a chartered accountant are the usualy way of proving yr income if ur self employed. the standard tenancy agreement is for 6 months and rent is payable monthly in advance
Answer 2 :
Yes this should sufficient enough.
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Tuesday, January 7, 2014
Wednesday, January 1, 2014
Dishonest NHS Accountant Jailed - end of the matter?
Dishonest NHS Accountant Jailed - end of the matter?
http://news.bbc.co.uk/1/hi/england/essex/7315550.stm My first thought was, good hes getting what he deserves - but when you look at why he did it... It seem more that he lied to keep his job having been asked to do the impossible by his managers...
Current Events - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The buck never reaches the top, you know that.
Answer 2 :
Damn, it's a tough call isn't it? Seems like six of one and half a dozen of the other to me.
Answer 3 :
I don't think he lied to keep his job. He may have lied to get the bonus!! Even then I think that not to be the case. I think the creative accounting was to present a trust which was meeting its targets and would reflect favourabley to inspection. That was wrong. If trusts are unable to provide the services required because of insufficient funding this must be made transparant. If they make a surplus their budget will be reduced in the next fiscal year an services will suffer. Its from that perspective and that alone I believe he did wrong.
Answer 4 :
Yes it's not fair is it politicians don't get prosecuted for real fraud where's the justice.
Answer 5 :
The Government wants cuts. He made it look better than it was by juggling money. The NHS is now not the service it used to be. Everyone is afraid of losing their jobs. Too many at the top and not enough doing the hands on. Think there is more worthy peeps needing jailed though. Half of them in the Government for starters.
Answer 6 :
Congratulate the government and their targets.
Answer 7 :
If every company accountant was jailed for 'creative accounting', there would be none left! Minimising profits is the staple diet of accountants, to cut tax liability. Maximising profits is just as bad because it gives a false impression of the true value and efficiency of a company.
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http://news.bbc.co.uk/1/hi/england/essex/7315550.stm My first thought was, good hes getting what he deserves - but when you look at why he did it... It seem more that he lied to keep his job having been asked to do the impossible by his managers...
Current Events - 7 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The buck never reaches the top, you know that.
Answer 2 :
Damn, it's a tough call isn't it? Seems like six of one and half a dozen of the other to me.
Answer 3 :
I don't think he lied to keep his job. He may have lied to get the bonus!! Even then I think that not to be the case. I think the creative accounting was to present a trust which was meeting its targets and would reflect favourabley to inspection. That was wrong. If trusts are unable to provide the services required because of insufficient funding this must be made transparant. If they make a surplus their budget will be reduced in the next fiscal year an services will suffer. Its from that perspective and that alone I believe he did wrong.
Answer 4 :
Yes it's not fair is it politicians don't get prosecuted for real fraud where's the justice.
Answer 5 :
The Government wants cuts. He made it look better than it was by juggling money. The NHS is now not the service it used to be. Everyone is afraid of losing their jobs. Too many at the top and not enough doing the hands on. Think there is more worthy peeps needing jailed though. Half of them in the Government for starters.
Answer 6 :
Congratulate the government and their targets.
Answer 7 :
If every company accountant was jailed for 'creative accounting', there would be none left! Minimising profits is the staple diet of accountants, to cut tax liability. Maximising profits is just as bad because it gives a false impression of the true value and efficiency of a company.
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Saturday, December 28, 2013
Can anyone tell me how to find a table showing the current value of £1k in 1986?
Can anyone tell me how to find a table showing the current value of £1k in 1986?
I'm sure accountants and tax collectors must have something on the internet?
Personal Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Try this: http://www.crowsnest.co.uk/north/rpi.htm
Answer 2 :
I have the table. £1 in Jan 2007 was worth £2.0956 in Jan 1986 Regards
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I'm sure accountants and tax collectors must have something on the internet?
Personal Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Try this: http://www.crowsnest.co.uk/north/rpi.htm
Answer 2 :
I have the table. £1 in Jan 2007 was worth £2.0956 in Jan 1986 Regards
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Saturday, December 14, 2013
Where can i find a private investor / angel for our business start ?
Where can i find a private investor / angel for our business start ?
Two qualified chartered accountants seeking to establish a financial services business serving the temporary recruitment industry, working from a base in the South West of England. A business plan has been prepared including profitability and cash flow projections covering the next five years. The plan calls for total equity investment in the region of £125k generating returns greater than 100% by the end of the second year, in what remains a growing market. In addition, the business requires seed capital or back to back finance secured by the debts of the portfolio. With the founder directors also injecting capital, we are actively seeking additional support to take the next step. Exit paths are well established for a business of this type e.g. listing or trade sale. If you would like to know more about our business proposal, please do not hesitate to contact us via email. We would be delighted to tell you more about our plans and aspirations.
Other - Business & Finance - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think there is a website called angelinvestor.com. it fits angel investors with new companies.
Answer 2 :
family and friends are normally easiest to get to invest in your dreams..
Answer 3 :
Search the Venture Capital firms in your area. Easiest way is to get the name of the various VC associations in England and contact them. http://www.ivca.ie is for ireland Talk over phone and then email the proposal. sHORTLIST the vc firms then. Make sure u have offers from atleast a few so that u can negotiate well for the equity partnership they ask for. If u believe really well in ur project, then instead of sharing hte equity with someone else, I'll say take bank loan or friends.
Answer 4 :
There is an association called the British Business Angels Association http://www.bbaa.org.uk/portal/ which is the National Trade Association for the UK’s Business Angel Networks and its Associates and Affiliates. They have a directory of member angel investors that you may want to contact http://www.bbaa.org.uk/portal/index.php?option=com_contact&catid=19&Itemid=57 Be sure to have a strong business plan and describe what makes your business idea stand apart. You may also want to read the article in Business 2.0 http://money.cnn.com/2006/02/28/magazines/business2/angelinvestor/index.htm to get some idea on how to present to angel investors, what they typically look for, what kind of investments they support, etc.
Read more other entries :
Two qualified chartered accountants seeking to establish a financial services business serving the temporary recruitment industry, working from a base in the South West of England. A business plan has been prepared including profitability and cash flow projections covering the next five years. The plan calls for total equity investment in the region of £125k generating returns greater than 100% by the end of the second year, in what remains a growing market. In addition, the business requires seed capital or back to back finance secured by the debts of the portfolio. With the founder directors also injecting capital, we are actively seeking additional support to take the next step. Exit paths are well established for a business of this type e.g. listing or trade sale. If you would like to know more about our business proposal, please do not hesitate to contact us via email. We would be delighted to tell you more about our plans and aspirations.
Other - Business & Finance - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
I think there is a website called angelinvestor.com. it fits angel investors with new companies.
Answer 2 :
family and friends are normally easiest to get to invest in your dreams..
Answer 3 :
Search the Venture Capital firms in your area. Easiest way is to get the name of the various VC associations in England and contact them. http://www.ivca.ie is for ireland Talk over phone and then email the proposal. sHORTLIST the vc firms then. Make sure u have offers from atleast a few so that u can negotiate well for the equity partnership they ask for. If u believe really well in ur project, then instead of sharing hte equity with someone else, I'll say take bank loan or friends.
Answer 4 :
There is an association called the British Business Angels Association http://www.bbaa.org.uk/portal/ which is the National Trade Association for the UK’s Business Angel Networks and its Associates and Affiliates. They have a directory of member angel investors that you may want to contact http://www.bbaa.org.uk/portal/index.php?option=com_contact&catid=19&Itemid=57 Be sure to have a strong business plan and describe what makes your business idea stand apart. You may also want to read the article in Business 2.0 http://money.cnn.com/2006/02/28/magazines/business2/angelinvestor/index.htm to get some idea on how to present to angel investors, what they typically look for, what kind of investments they support, etc.
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Saturday, December 7, 2013
Is it still legal for you to be in full-time employment and be self employed in your time off?
Is it still legal for you to be in full-time employment and be self employed in your time off?
And if you can how do you be come self employed? Do you have to register as self employed? What are the financial implications as far as tax and accountants go?
Careers & Employment - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It is legal to own a business on the side, you still report income or loss on your yearly taxes from that business.
Answer 2 :
read more tips and articles on this site
Answer 3 :
you can do what ever you want as long as it is legal to make money during your off time. You just have to report you profits and pay taxes on them. You will need a license or permit to do some things. Like sell food or do electrical work. That is usually for public safety though.
Answer 4 :
Depends on contract Full time employer should have no objection. Self employment should not be in emplyed working time,should not effect working
Answer 5 :
Oh yes. But some companies put it in their contract that it must be your sole employment. If this is the case it is still legal but you are in breach of contract and make be liable to being sacked. Check with your employer or read your contract. You will also loose tax relief on the earnings from the selfemployment.
Answer 6 :
Provided your contract of employment doesn't prohibit it, it is fine. From the tax point of view, you will need to declare any earnings from your self-employed activities on a tax return and pay the appropriate NHI for that portion of your income. For calculating your taxable income you can deduct any expenses incurred 'wholly and necessarily' for the purposes of that trade. Have a look on the Inland Revenue website...it's very helpful.
Answer 7 :
yes, but your job on the side as self employed keep it between you and the door stop. why pay tax twice. easy way to avoid paying tax as self employed after work is drop your prices and take cash in hand only. the only people who would report you are the bank but thats only if you make large deposits of money. it used to be the legal limit before being reported by the bank was 10 gand, but with the current climate of extreme nervousness by institutions they may report anything over 5 grand. final advice dont pay tax twice and only take cash no cheques or visa.
Answer 8 :
You need to read the terms and conditions on your contract of employment for your permanent job. Some companies can get quite snitty about you doing part-time work in your own time, especially if you are doing anything which could be considered to be in competition with them. You'll probably need to consult with an accountant to sort out the tax, NI and VAT implications. Good luck
Answer 9 :
YES it is legal to do that, that is what i'm doing except im in a part-time job, i think you have to tell the inland revenue that you are going self-employed, also the tax people. Good luck and hope it all goes well.
Answer 10 :
why not
Answer 11 :
yes as long as it doesn't affect you full time work
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And if you can how do you be come self employed? Do you have to register as self employed? What are the financial implications as far as tax and accountants go?
Careers & Employment - 11 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
It is legal to own a business on the side, you still report income or loss on your yearly taxes from that business.
Answer 2 :
read more tips and articles on this site
Answer 3 :
you can do what ever you want as long as it is legal to make money during your off time. You just have to report you profits and pay taxes on them. You will need a license or permit to do some things. Like sell food or do electrical work. That is usually for public safety though.
Answer 4 :
Depends on contract Full time employer should have no objection. Self employment should not be in emplyed working time,should not effect working
Answer 5 :
Oh yes. But some companies put it in their contract that it must be your sole employment. If this is the case it is still legal but you are in breach of contract and make be liable to being sacked. Check with your employer or read your contract. You will also loose tax relief on the earnings from the selfemployment.
Answer 6 :
Provided your contract of employment doesn't prohibit it, it is fine. From the tax point of view, you will need to declare any earnings from your self-employed activities on a tax return and pay the appropriate NHI for that portion of your income. For calculating your taxable income you can deduct any expenses incurred 'wholly and necessarily' for the purposes of that trade. Have a look on the Inland Revenue website...it's very helpful.
Answer 7 :
yes, but your job on the side as self employed keep it between you and the door stop. why pay tax twice. easy way to avoid paying tax as self employed after work is drop your prices and take cash in hand only. the only people who would report you are the bank but thats only if you make large deposits of money. it used to be the legal limit before being reported by the bank was 10 gand, but with the current climate of extreme nervousness by institutions they may report anything over 5 grand. final advice dont pay tax twice and only take cash no cheques or visa.
Answer 8 :
You need to read the terms and conditions on your contract of employment for your permanent job. Some companies can get quite snitty about you doing part-time work in your own time, especially if you are doing anything which could be considered to be in competition with them. You'll probably need to consult with an accountant to sort out the tax, NI and VAT implications. Good luck
Answer 9 :
YES it is legal to do that, that is what i'm doing except im in a part-time job, i think you have to tell the inland revenue that you are going self-employed, also the tax people. Good luck and hope it all goes well.
Answer 10 :
why not
Answer 11 :
yes as long as it doesn't affect you full time work
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Sunday, December 1, 2013
What course will be the best and highest paid?
What course will be the best and highest paid?
I am 16 years old and it is coming close to leaving school, i have no idea what to do! I have a good interest in IT so i was thinking about going for a career in this. What are the highest paid jobs in IT? are IT technicians paid well? also what other jobs are high paid, such as accountants? Thanks
Technology - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Vets are ludicrously well paid - dentists too. But you should do a job you are interested in - the money is only part of it - accountancy is little more than bean counting - sooooo boring. IT is in competition with India so not likely to be well paid unless you are in the Bill Gates league.
Answer 2 :
You have to be pretty specialised to get paid well in IT. Networks admins, programmers, engineers, etc. get paid well. But not break/fix technicians. General tech support doesn't pay well because everyone and their mom does it.
Answer 3 :
Don't worry about a career yet. Stick with Education for now......you're going to need it for good paying jobs anyway. Go for the A levels that you are interested in (IT?)....you can always do a very different degree from A level subjects....so no need to decide everything now. Good luck
Answer 4 :
dont worry about the money. as long as you can work and love your work, money wont matter.
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I am 16 years old and it is coming close to leaving school, i have no idea what to do! I have a good interest in IT so i was thinking about going for a career in this. What are the highest paid jobs in IT? are IT technicians paid well? also what other jobs are high paid, such as accountants? Thanks
Technology - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Vets are ludicrously well paid - dentists too. But you should do a job you are interested in - the money is only part of it - accountancy is little more than bean counting - sooooo boring. IT is in competition with India so not likely to be well paid unless you are in the Bill Gates league.
Answer 2 :
You have to be pretty specialised to get paid well in IT. Networks admins, programmers, engineers, etc. get paid well. But not break/fix technicians. General tech support doesn't pay well because everyone and their mom does it.
Answer 3 :
Don't worry about a career yet. Stick with Education for now......you're going to need it for good paying jobs anyway. Go for the A levels that you are interested in (IT?)....you can always do a very different degree from A level subjects....so no need to decide everything now. Good luck
Answer 4 :
dont worry about the money. as long as you can work and love your work, money wont matter.
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Thursday, November 28, 2013
I have a SOLAS Exam on Wednesday and know nothing - Any tips?
I have a SOLAS Exam on Wednesday and know nothing - Any tips?
This exam is for Society of Law Accountants Scotland - I've read and re-read everything and can't get it to remain in my head - does anyone have any tips? Thanks for reading.
Standards & Testing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Keep reading and re-reading, I promise you when in the exam you will remember far more than you think. Take that from a person who had exam phobia for years and took an exam back in October and wrote for 3 hours straight, and remembered way more than she thought. Just keep going over the material, relate your answer to the question and plan an outline before you begin to answer the question. Good luck, you will be fine :-)
Answer 2 :
SOLAS Exam tips
Read more other entries :
This exam is for Society of Law Accountants Scotland - I've read and re-read everything and can't get it to remain in my head - does anyone have any tips? Thanks for reading.
Standards & Testing - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Keep reading and re-reading, I promise you when in the exam you will remember far more than you think. Take that from a person who had exam phobia for years and took an exam back in October and wrote for 3 hours straight, and remembered way more than she thought. Just keep going over the material, relate your answer to the question and plan an outline before you begin to answer the question. Good luck, you will be fine :-)
Answer 2 :
SOLAS Exam tips
Read more other entries :
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