basilbrush
Registered User
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- 158
A few hopefully simple questions about Form 11:
* I paid some self-employed contractors to do some computer software work for my sole trader business. Should this expense be entered on line 134 ("Consultancy, Professional fees") or 139 ("Other Expenses (Total)")?
* I am confused about why the instructions for line 140 ("Cash / Capital introduced") say "this includes inheritances, windfalls, policies cashed, salary, etc.". Why would these be included on Panel B ("Income from Trades, Professions or Vocations")?
* Am I correct that the amount entered on line 107 ("Amount of adjusted net profit/loss for accounting period") should generally be the same as that on line 152/153 ("Net Profit/Loss per Accounts") after possible adjustments on lines 154-159?
* I paid some self-employed contractors to do some computer software work for my sole trader business. Should this expense be entered on line 134 ("Consultancy, Professional fees") or 139 ("Other Expenses (Total)")?
* I am confused about why the instructions for line 140 ("Cash / Capital introduced") say "this includes inheritances, windfalls, policies cashed, salary, etc.". Why would these be included on Panel B ("Income from Trades, Professions or Vocations")?
* Am I correct that the amount entered on line 107 ("Amount of adjusted net profit/loss for accounting period") should generally be the same as that on line 152/153 ("Net Profit/Loss per Accounts") after possible adjustments on lines 154-159?