Stephen

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Posts posted by Stephen

  3. Posted

    Its a joke really you can sell a house for 150k you have to answer questionnaire, If its heating what kind when last serviced doesn't mean its going to work, hob yes never mention 2 rings don't work, built in f/f yes no mention that freezer doesn't work. No come back at all. Buy a car for £1000 find a problem and get full refund, seems like the card trade regs are excessive compared to other industries, bearing in mind the values

    • Like 1

  4. Posted

    Only time ive had issues with it is when it freezes and depending on where and what position fuel filter is it gets really thick in fuel filter, ie transit right underneath so gets the wind aswell as cold. We have got a polar vortex on the way lol 

  8. Posted

    Its something to do with the amount of bio fuel that supermarkets put in diesel, had problem on 15 plate transit few weeks ago and when the weather was freezing,  it clogs up the fuel filter and puts it in limp mode. Had to have heaters on the fuel filter, it helped a bit, put new filter on and was perfect again. Apparently around here Morrisions is renown for it, even AA lad I know said when its freezing over night they get a fair few call out for it

  10. Posted

    You can accrual it but would have to release if after the warranty period has expired. Other things like heating repairs can be accrued for 6 years plus current year and only need to be released when the business ceases to trader from what I can gather, hence why I pay an accountant, they massively reduce tax bill legally of course

  11. Posted

    Not sure on this would have to check but an accrual is a cost so it would also reduce vat bill, in theory each car is costing you x amount to but x amount to prep, repair etc. So the £50/£100 a car would be a cost

    They are accrued incase it happens. So you don't pay corporation tax on them till you take them out of being an accrual. I accrue for various things that ie heatings a bit dodgy and will need replacing or repairing so accrual £350 a month, run a van so accrue £75 a month for service, repairs. Its commom practice reduces monthly profit and when you do have to reapir heating you've saved enough to not worry about it. I accrue £650 a month for accountant and book keeping, so I know exactly my fixed costs monthly and never get bills that worry me

  13. Posted

    Yes if you move it from an accrual, the tax man will want his share but ive got accruals going on for 5 years or more and never had a problem if they are genuine accruals. I tend to sometime use some of it if for instance you get an unexpected big bill. Then it doesn't affect me really like it would if I didn't have accruals. Why give the tax man it if you don't have to, Just my thoughts currently sitting on about 50k of accruals, stock devaluation, slow moving stock, van repairs etc

  18. Posted

    Cant do that with da they check the vat number out :(

    3 hours ago, Lakeside said:

    I’m not full time, but that doesn’t make me a ‘plastic trader’ 

    lets face it even a vat number doesn’t prove your trade, bet there’s plenty of people on there using a family members business name and vat number to get around it. We all know the types.

     

  22. Posted

    2 hours ago, have a word with the wife said:

    (1) Its nothing to do with police.

    (2) Seems these vehicles may have already been reported [see sticker]

    (3) move em now ! 

        an offence is committed on any land where the public has access, for example:

    • Car parks or parking areas- includes stores, supermarkets, works, and council. Permission to store the vehicle there is irrelevant
    • Pub car parks- treated the same as a business car park- the keeper of the vehicle being a resident at the pub is irrelevant
    • they cannot enforce against untaxed vehicles on any land that is associated with a dwelling or land belonging to business premises of a motor trader or vehicle tester, so any grief and tell the landlord hes also a motor trader :ph34r:

    Hi

    ive got some that are on land that’s looked after by the leaseholder and they have signs saying parking for flats only does that mean I’m ok?

    thanks