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All Episodes

Answering Accountancy Questions — 80 episodes

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Title
1

S5 E3: What do I need to do today for Making Tax Digital (MTD)

2

S5 E2: What do I need to do for Making Tax Digital (MTD)?

3

S5 E1: What is HMRC’s Making Tax Digital (MTD)?

4

S4 E11: (Director) How do I pay into a pension?

5

S4 E10: (Director) Can I pay myself without having a payroll scheme set up?

6

S4 E9: (Director) What should I pay myself?

7

S4 E8: Do I need to set up a pension scheme? (auto enrollment)

8

S4 E7: What do I need to do if my employee has another job or is also self-employed?

9

S4 E6: How and when do I need to pay my PAYE bill?

10

S4 E5: When do I need to submit my payroll?

11

S4 E4: What information do I need from my employees?

12

S4 E3: How do I submit my payroll?

13

S4 E2: How do I set up a payroll scheme

14

S4 E1: Should I use Freelancers or Employee People

15

S3 E16: What VAT do I need to charge on Digital Products?

16

S3 E15: What VAT do I need to charge on sales made outside of the UK?

17

S3 E14: What happens during a VAT inspection?

18

S3 E13: What happens during a VAT check?

19

S3 E12: What can trigger a VAT Inspection?

20

S3 E11: What do I do if I make a mistake on my VAT Return?

21

S3 E10: How and when do I pay my VAT?

22

S3 E9: Do I need software to submit my VAT Returns?

23

S3 E8: Will I need to pay VAT on sales paid after I became VAT registered?

24

S3 E7: Can I reclaim VAT on purchases made before I was VAT registered?

25

S3 E6: What happens if I make a sale before I get my VAT number?

26

S3 E5: If I am backdating my VAT registration, what do I need to do?

27

S3 E4: Accrual, cash and the Flat Rate Scheme: what one to choose

28

S3 E3: What do I do when I know I need to register for VAT?

29

S3 E2: When do I need to register for VAT?

30

S3 E1: What is VAT?

31

S2 E22: What is Profit First and how does it work?

32

S2 E21: Can I have multiple businesses or does everything need to go through just one?

33

S2 E20: How does IR35 effect how I am paid?

34

S2 E19: (CIS) How does the CIS scheme work for subcontractors?

35

S2 E18: Can I have multiple types of income?

36

S2 E17: (Ltd) Can my Company pay for my car? (Company Benefits and P11ds)

37

S2 E16: How do I pay into a pension?

38

S2 E15: How do I make my student loan repayments?

39

S2 E14: (LTD) How do I pay myself dividends?

40

S2 E13: (LTD) How do I pay myself a salary?

41

S2 E12: (LTD) How do I pay myself?

42

S2 E11: (SE) How do I pay myself?

43

S2 E10: Can I get paid with crypto, skill swaps and donate my time?

44

S2 E9: How does changes to my business impact my bank account?

45

S2 E8: Can I have multiple bank accounts?

46

S2 E7: How do I choose my bank account?

47

S2 E6: Can I add late payment interest to my overdue sales invoices?

48

S2 E5: What payment terms should I give my customers?

49

S2 E4: If my customers are not based in the UK, can I raise sales invoices in different currencies?

50

S2 E3: How should I number/reference my sales invoices?

51

S2 E2: What do I need to include on my sales invoices?

52

S2 E1: Do I need to create sales invoices?

53

E28: Is a Community Interest Company (CIC) the right option for me?

54

E27: If I am working with someone else, do I need to set up a Partnership?

55

E26: (LTD) What do I do with expenses that I pay for personally?

56

E25: (LTD) How do I pay myself back for money I have lent to my Company

57

E24: (LTD) Do I still need to complete a personal tax return?

58

E23: (LTD) How much money should I set aside for tax?

59

E22: (LTD) How do I pay myself?

60

E21: (LTD) What bookkeeping do I need to do?

61

E20: (LTD) Do I need a business bank account?

62

E19: (LTD) I have my Company, what do I need to do now? (codes, deadlines and expenses)

63

E18: (LTD) How do I set up my Limited Company?

64

E17: (LTD) How do I choose my Company name?

65

E16: (LTD) How do I choose my Directors, Shareholders and registered office address?

66

E15: What is IR35 and how will it impact me?

67

E14: (SE) What is a payment on account?

68

E13: (SE) How much money should I set aside for tax?

69

E12: (SE) Should I choose the cash basis for my business?

70

E11: (SE) What information do I need to report to HMRC when I complete my tax return?

71

E10: (SE) What records do I need to keep?

72

E9: (SE) What Bookkeeping Do I Need To Do?

73

E8: (SE) Do I need to open a business bank account?

74

E7: (SE) When do I need to tell HMRC that I am self-employed?

75

E6: Is it easy to move to a Limited Company if I am currently trading as a Sole Trader (and vice versa)?

76

E5: (Dormant Companies) Can I set up a Limited Company and not trade through it?

77

E4: What are the positives of trading through a Limited Company?

78

E3: What are the positives of being Self Employed?

79

E2: Should I trade through a Limited Company?

80

E1: What’s the difference between being Self Employed and trading through a Limited Company