MerlinAccounts_UK ✭✭✭
Business advisor and Accountant operating throughout the UK thanks to Cloud Accounting, email, Teamviewer and Skype - modern day tools for modern day businesses. Your Accountant is now as close to you as you are to your computer or mobile device.
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Re: VAT Reverse Charges
Hi Dedric Its not as complicated as you might think. When you post your rental payment create a separate journal entry for the tax deduction, debiting the deduction to rent and then crediting withhol… (View Post)3 -
Re: How to record Corporation Tax so it isn't included in expenses
Hi As a Ltd company your corporation tax liability is an expense ie it reduces profits. This is not the same as paying personal income tax which should be categorised as drawings if using the company… (View Post)1 -
Re: Real Estate Investment Property Management Statement tracking in Wave
You could enter as money received the difference between the gross rent and the amount received (using cash account for example) and then enter the expenses deducted by the agents as if they were als… (View Post)1
