Income from Property » Tenant Deposits and Self Assessment » Go to message
You do not need to show a deposit as income on your self assessment tax return. The deposit is a liability (balance sheet entry) as this will be returned to the tenant eventually.
Income from Property » Expenses for the property rental business » Go to message
If the property could have been let in its existing state before the repairs but they make it better, the expenses may be claimed.

You bring them in on the first day of letting so you just include them as repairs in the profit and loss in 2016/17. You don't show it as a loss brought forward.
Record Keeping » Record Keeping » Go to message
Hello HMRC admin

when paying interim dividend on limited company does the dividend voucher has to be signed or can it be emailed unsigned?
Tax returns » Making Tax Digital » Go to message
This wasn't a registration question. It was about the limit for the first batch of MTD filing. The question was about the date from which MTD filing becomes obligatory.
Tax returns » First Year tax return » Go to message
Debit Bank £100, Credit Directors Loan Account £100. Debit Directors Loan Account £100, Credit Share Capital £100. Share Capital is an equity account. Directors Loan account if an "other current liability account.
Tax returns » First Year tax return » Go to message
Hello Anonymous,
We both paid money into the business account when we set it up. We're only a very small business, 100 shares at £1 each.
Tax returns » Making Tax Digital » Go to message
Hi David, apologies for the delay in responding to you. We have referred your question to our technical colleague for advice and will post a reply for you as soon as we get a reply
Tax returns » First Year tax return » Go to message
How was the money put into the business to buy the shares? Again this reply is unhelpful?
Business Expenses » Loans » Go to message
Might I now not so tactfully say, this was never a tax query in the first place and the Gov.UK website was not the appropriate link. It was an accounting query and that is why the agent community is there to represent taxpayers!
Business Expenses » Loans » Go to message
The link did not answer the question. In the case of the loan to buy equipment, the cost of the equipment can be claimed in full in the first year as an Annual Investment Allowance. This is claimed in the capital allowance section of the self-employment pages. There will then be no need to worry about the monthly payments unless you are doing a balance sheet. If you are doing a balance sheet you will have to set up a current liability charge and show the monthly payments as reducing it.

Strictly there is no relief for training and education as it is putting you in a position to do your job. If you undertake courses once you have started you can claim relief for the cost of the courses and the interest incurred on the loan
Business Expenses » Loans » Go to message
I would like to know the answer to this too please!
Tax Credits and You » Some frequently asked questions on Tax Credit renewals » Go to message
My partner will be moving in with me soon, will that have an impact on my claim?
Tax Credits and You » Some frequently asked questions on Tax Credit renewals » Go to message
HI all, I am full time employed and self employed as a director (so i have to do a self assessment). As well as this since October 2016 up to April 2017 i was on maternity leave. I haven't claimed working tax credits and was wondering if this sounds like something i would be eligible for? and if so how would this affect my self assessment - are there extra bits of the form i would need to complete? Many thanks