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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4972
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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I have a client with turnover 132,904 cost 19,634 so profit

Customer Question

I have a client with turnover 132,904 cost 19,634 so profit of 113,269 i have problem with recording sherholders contributions. Balance sheet and profit and Loss on CT800 is not balancing. Directors paid themself 29534 in dividents. Contributed 100 when company started. On CT it showing on profit and loss page that net balance will be 113,269 (profit) less 29,534 (dividens paid) which gives 83,735. On my program balance sheet i got 83,835 as i have there also sherholders contribution of £100.
Question 1 - should i reduce divident paid by £100 invested on HMRC form
Question 2 - is £100 invested in company a capital only or should it be posted in liabilities as well (as a journal).
Question 3 - box AC460 - should i put 100 there if they pay themself some of dividents?
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
I will need this info today as i need to submit their accounts. If i will not get answer today please do not answer
Customer: replied 1 year ago.
(Posted by JustAnswer at customer's request) Hello. I would like to request the following Expert Service(s) from you: Live Phone Call. Let me know if you need more information, or send me the service offer(s) so we can proceed.
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your question.Can you please send me a copy of your balance sheet and I will review your accounts for you.We will clear the error today.many thanks
taxadvisor.uk and 2 other Tax Specialists are ready to help you
Customer: replied 1 year ago.
just one sec i will send my balance sheet and maybe you can help me this way. Scanning now
Expert:  taxadvisor.uk replied 1 year ago.
Anna, thank you for accepting my offer.I have left my contact details

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