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Useful guides from MoneySavingExpert.com Do I need a business bank account?Coronavirus Self-Employed & Small Limited Company Help
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Best way to keep accounts and budget for community group
I’ve worked for myself and done my own accounts in the past, but I am finding myself a bit confused about how to get started having volunteered to be treasurer for a local not for profit community group.I need to track income and expenditure, but also planned expenditure and expenses payments to members of the…
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On off payment, invoice needed?
I took some pictures for my son's clubs competition as a one off, not expecting any payment, but when I sent them the photos, they asked how much do I want? I said, I'm not sure, whatever you think they're worth; thinking nothing of it, untill they asked me to invoice them an amount. I'm shocked, and didn't expect anything…
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Google Ads - Be Warned
If you are a new business and take the advertised spend £400, get £400 free Google credit, be warned! I recently invested in Google ads because of the promotion, under the impression that I would spend £400, and get £400 back. After much chasing, they informed me that a promo code needs to be applied when you first open an…
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Small Claims Court (Pothole Claim Against Council, I'm A Small Business)
Hi Group - I had almost £1000 damage to my car via a pothole in West Sussex. I followed the claims procedure *from* the council. A trainee denied my claim (I could see on the letter that her title was 'trainee'). I then spoke to their litigation department. They said they would look at the claim again. Looking back now? I…
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Business for sale websites
Is anyone aware of any national business for sale websites in the leisure industry. All i have found is Daltons: NationalRightmove : Search via commercialStags holiday complexes: DevonCarter Jonas: national Specifically looking for existing campsites, holiday building lettings on site with owners property Thanks in advance
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Medical history shared in meeting. Is this a data breach?
Thanks in advance for your help. My husband is a sole trader providing services to a local council. Sadly, he is terminally ill and instead of being shown sympathy the Council hauled him in to a meeting and demanded to know how his company could continue to provide services whilst he was either ill or dead. He said that I…
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Renting a business unit (property)
Can anyone advise on some questions about renting a business unit please. Is it necessary to be a business, or can an individual rent one? Are business rate levels comparable with domestic charges? Is it necessary to be doing the same activity as the designated use, or is it okay to use any as a storage unit? Any other…
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Elder care & support business
Hello All, I am starting a business as a personal assistant/ elder care assistant; basically helping mostly elderly people with all the things they can’t do anymore and often don’t have family to help, but not personal care or cleaning particularly. I have experience of this in my last 3 jobs but have never run my own…
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Is this OK?
The chap that does a bit of maintenance for us since my husband can't do as much these days is de-registering for VAT. The account I pay him into is a personal not a business account. He has asked if in future I can pay his wife because she only works part time and this will keep her under the tax threshold. I don't mind…
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Business bank account for (husband/wife) partnership advice.
Hi guys, come the end of this tax year and with a nod to winding down/semi-retirement etc I will be transitioning my Ltd Company after 15 years to a partnership with my wife. I had planned to move to a sole trader business but there will be tax benefits in running as a partnership. We are both directors of the Co. Can…
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Ltd company Business van insurance
The vehicle in question is owned by the company and is the registered keeper. The sole user of the vehicle is the director. Our renewal offer came through and a quick comparison online showed half the price. But. The apparently crucial difference being whether the policy stated the driver OR the company as the “insured”…
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Accessing Euros without Forex
I run a small business with a lot of overseas travel in cash only countries. I have a Euros account with Starling but after much research they admit when I use the ATM's in Europe it takes cash from my Sterling account and converts it to Euros rather than take cash from my Euros account. Is there any way of accessing Euros…
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Recent Success in Reducing Cost for our Business
Hi all, I'll make this quick, We have a small business which requires a small 'fleet' as we try to provide the vans for our engineers to go out and get the works done. Recently a friend told me about the option of using Salary Sacrifice so the lads can own their own vehicle at a discount while I can make a saving also,…
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Making Business Payment from Personal Account
I am waiting for a new card, but I have a payment due today, which can't be postponed. It's to the US, and I can't pay in another way. If I take the money out of my business account and pay it from my personal account, what's the best way to record this in my accounts? I am a limited company if that information is helpful.
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Electric van purchase and tax allowances
I have recently bought a 3 year old second hand electric van to use in my business for the start of the new financial year. I am a sole trader and currently I use the 45p travel allowance. I was now wondering if it was worth changing so that I put the van purchase and expenses through the business. If so, can I split the…
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Rights When Business Removes an Offer - Cybersecurity Services
I signed up for some cybersecurity services in January this year. I was called and told there was an offer in January that I would get the first 6 months free if I signed up. So I signed the contract online. Now, they are charging me after telling me that I would get the first 6 months free and now saying that no offer was…
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Can I claim taxi fares to work as a Director ltd company
Can I claim taxi fares as expenses to work as a Director ltd company. Its £45.00 per day x 5 days as there is no train at 05.30 am.
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Opinions of Starling Bank for a Business Account?
Since starting my ltd company, we’ve been using Santander for our business account. No major issues but I started looking round for a new bank around a year ago because the old Santander mobile banking app was so outdated and you couldn’t see full details of payments coming in/out. At the time, I opened a Starling account…
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wrong tax code how do I correct on company payroll
I run a small business with just myself and my daughter (part-time) on the payroll I had a message from HMRC saying that my daughter's tax code from 6th April will be 999T She currently also works in a supermarket part-time and has the BR tax rate Last year She worked at KFC which she thought she had resigned from, but…
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VAT threshold increase Dates and taxes
A quick question about the VAT threshold increase . I am currently approaching the threshold at nearly 80k but I have a trade show which I want to attend on the 2nd of April which may push me over the current VAT limit . If the VAT increase is on the 1st of April does this give me another 5k for this tax year so could I…