The double entry for share capital depends on whether the shares are paid or unpaid. Double Entry for Unpaid Share Capital Dr Other debtors (or Directors Loan account) Cr Share capital Double Entry for Paid Share Capital Dr Bank Cr Share capital
A jargon-free guide to taxes for self-employed dog sitters including registering with HMRC, self-employed taxes, VAT & tax deductions.
One question we are often asked is whether tax needs to be paid from selling online from sites such as eBay, Etsy, Amazon or Gumtree.
If you are selling something you simply don’t want but you own already, you probably don’t need to pay any tax or let HMRC know. However, if you are a regular seller making a profit or are paid for a service you provide online, then you may need to let HMRC know what you are doing and pay tax.
Find out how to claim back VAT on staff Christmas parties, the limits you need to stick to and the records you need to keep.