CTA OMB
Hey all, well that was a hard exam.
Just wondering what you guys did for that partnership loss allocation? I messed it up completely.
Regarding the stock add back in Q2 - did you guys do anything? There was stock of 85 + 92 = £177 – but underneath it said she made 25% gross profit on each item – was we meant to gross this up and add it back?
For R&D – they allocated 10% time for non – admin but they also allocated 10% time to learn some software used for the R&D claim – I assumed the latter was claimable so just deducted 10%?
Kitchen installation – is this a special rate pool?
The employee who got the free holiday in Q4, is this a P11D or not I was super confused? I said it was but not for the family. Also if the shareholder was then reimbursed with the bill costs over the 2 weeks – would this be PAYE?
Finally, in Q2 - the deposit for some services included in the accounts would only be made and invoiced next year – did you guys deduct this?
Ngl I think I messed up the last question really bad - think my loss allocation was poor and I was confused about why Raqeeb only had 40k interest income and no loss and how were we meant to do a loss claim for him.
Just wondering what you guys did for that partnership loss allocation? I messed it up completely.
Regarding the stock add back in Q2 - did you guys do anything? There was stock of 85 + 92 = £177 – but underneath it said she made 25% gross profit on each item – was we meant to gross this up and add it back?
For R&D – they allocated 10% time for non – admin but they also allocated 10% time to learn some software used for the R&D claim – I assumed the latter was claimable so just deducted 10%?
Kitchen installation – is this a special rate pool?
The employee who got the free holiday in Q4, is this a P11D or not I was super confused? I said it was but not for the family. Also if the shareholder was then reimbursed with the bill costs over the 2 weeks – would this be PAYE?
Finally, in Q2 - the deposit for some services included in the accounts would only be made and invoiced next year – did you guys deduct this?
Ngl I think I messed up the last question really bad - think my loss allocation was poor and I was confused about why Raqeeb only had 40k interest income and no loss and how were we meant to do a loss claim for him.
(edited 1 year ago)
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