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How to prevent an incompetent accountant from messing things up for others?
Hi all, Please can someone help me to understand who to complain to about an accountant that my employer previously used who was basically completely incompetent? I don't know which regulator she was operating under (it's stated neither on her website nor her LinkedIn profile). The FCA says it's not them, the ATT says not…
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Basis period change for the self employed
Hi everyone, I'm hoping someone clued up on tax for the self employed can confirm something for me? As part of making tax digital the government will require everyone to change their accounting year so it runs from the 6th April 2024. Most people already do this, but many , like myself use a different date, in my case my…
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Is there a web site builder
Is there a web site builder or best plugin to build a web page like the below, https://www.attlasdoors.co.uk/design-a-front-door-step-2?product_type=ARD&product_style=Battersea&product_cat=signature
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First premises, confused about utilities.
Hi, I have just started a tenancy for a council-owned workshop. During the handover, the meter readings were recorded and I was told who the current supplier is, and that they would contact me directly. The following day my phone was ringing off the hook from 8am, with calls from energy brokers trying to get me to sign up.…
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tax on partnership
Hy. Two in partnership, £40,000 proffit, each partner takes out £20,000, how much tax to pay? Two in partnership, £40,000 proffit, each partner takes out £10,000, how much tax to pay? Two in partnership, £40,000 proffit, each partner takes out £0, how much tax to pay? Merci
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Daughter setting up a craft business, advise, pointers appreciated.
HI, our Daughter is about to turn 16 and wants to turn her crochet passion into a business selling her creations, can anyone point us to a checklist or anywhere to get an idea what we need to do legally. So far we figure we need to look into:Insurance for events, Product testing,Tax? Taking payments,Online stores - Etsy vs…
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Does Sage integrate with Starling Bank?
I use Sage accounting, but it's time for me to open a "proper" business bank account. I am looking at Starling but can't find out if it integrates with Sage without opening and account to have some details to enter to test it. So, do you use Sage and Starling together? Does it bring through transactions into Sage ok?
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Bounceback Loan Question
Hi, I have a question regards my bounceback loan that i cant get a straight answer from the lender on. My ltd co is myself and my wife as joint shareholders and the BBL agreement is made to the Ltd co. We would like to remove my wife as a director and shareholder. The potential problem is this - the company bank account is…
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Registering for self assessment
Think I am missing something, following the gov uk website to register and it says do through tax account online, I log in through government gateway but then theres no option to register?! Just previous tax year records etc. Can anyone steer me in the right direction for registering? Thank u
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First year running small business
Please could someone answer some questions I have about submitting a tax return in my first year of running a small business. Basically it’s a very small business operated as a sole trader. The turnover is probably £4000 a year. Do I need to submit a tax return on that basis, and when do I need to submit it by? I started…
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Invoice help! 0% VAT & CIS on one invoice for a new build house / construction
Hello, I'm new to CIS and need help with issuing an invoice - I'm REALLY struggling with it. I work in construction industry (vat registered, ltd company) and I am issuing an invoice for works completed on a new build house with 0% VAT exemption. The contractor and myself are both CIS registered (both on 20% deduction).…
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Taxable turnover for VAT threshold
Sorry all, getting a little lost on this and have Googled the hell out of it, but just need to have some sort of conversation on it if that's okay. Is the taxable turnover for VAT threshold based on any or all of the following please: 1. Full total income / revenue? 2. On all the goods you purchased that were vatable? 3.…
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Best postage options for weighty items
I have a small business that sells items of a relatively low value, but they are somewhat bulky and heavy. Most of my sales are done via craft and trade events. I also offer local delivery for free. I have a website and I'm considering taking the leap to offer postal delivery. Previously I ruled this out because I think of…
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Incorrect merchant
Any suggestions on how to resolve greatly welcomed...my business details are appearing next to all customer transactions (on bank, credit card & Apple Pay statements) for a well known high street store. So many calls/emails daily from angry customers thinking we have taken money from them but when asked if they had shopped…
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Business Rates?
Hi, Hoping this will be a straightforward question. I hire a field to do a car boot sale. The field is owned by a charity who hire the field out to various users. Do I need to pay business rates? I don't sell anything but charge sellers to sell their items. Many Thanks
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Accounts on driving instructor car
Hello My husband is just starting off as a driving instructor. We’ve purchased a car via a personal loan in his name over three years m. My plan is to put the monthly payment through as a business expense. Can anyone tell me if this is incorrect. I’ve read that you can claim 100% under an annual allowance but not interest…
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Renewing Retail Premise Lease, No Guarantor - Advice Please
Hello, first time here, so please be understanding. I've been running a small business shop premises for just over two years and in the coming months (before the initial 3yr lease expires later this year) I need to confirm with my landlord if I plan to renew the lease for another three years. Should be a simple decision,…
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Need some guidance on filing a AA02 Dormant Company Accounts (DCA) with Companies House
Hi All, I have a dormant Limited company that has not traded the previous 12 months. I need some guidance on completing the form as I'm having trouble with some of the jargon, and my numbers simply fail the validation checks. The Facts: * When the company was formed, 100 shares was created and fully paid at £1 each, so…
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Close Down Your Limited Company by Voluntary Strike Off - Accountant is a must..?
I am in the process to close down my Ltd company which was inactive for last 3 years no creditors or any other financial burden. I am going to use Voluntary Strike Off route for this. Is it a must to have an accountant ?? I am capable of doing the process and documentation for company closure.. Thanks
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What insurance do I need?
I am thinking of investing some funds to buying sweet carts, wedding bits etc which can be hired out for weddings, parties etc. Could anyone point me in the right direction with which insurances I would need? I'm assuming public liability to start? Thanks Trish