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what to pay for first self assesment payment?
My wife became self employed on the side in Nov 2009 but hasnt paid any tax yet as she only registered recently with HMRC. On the 31st January 2011 will ahe have to pay tje following: 1)20% tax on her net profit from Nov 2009 to present + 2) half the tax expected to be paid inthe next year? Will she be able to make her…
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Help completing CF10 form
My wife registered late for self employed and so has been sent a £115 penalty, which she has responded to asking for exemption based on low earnings. They also sent her a Small Earnings Excepetion CF10 form. She is employed full time at £27,000 so pays full Class 1 NIcs. 1) Does she have to pay class 2 NICs on her net self…
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Setting up a business
My son is in the process of setting up an online business. He needs terms and conditions as he is selling goods. Anyone know how to actually make terms and conditions up or where to go for them. Does he need a solicitor? I apologise for this being such a stupid question
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Best way as a director to pay yourself...
Hi Folks, I'm the singe share holder of a company that turns over £300k - £350k per year. There are no full time staff aside from a couple of contractors who are as good as full time. Right now I paymyself to the tax threshold of around £6k per year and they the rest in dividends. I don't have a pension at all!! Bad I…
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Forming a Ltd. company
I did search on web about it but lots of things are confusing. I am currently employed, but in near future I like to open a limited company (not sole proprietorship). I understand that I can just open the company now and keep it dormant till I decide to trade. Is it something I can do myself or need an account or a lawyer?…
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small biz electricity and mail problem.
Friend of mine, let's call him Charlie runs what is effectively a covered market stall. He's been in the location for several years just about squeaking by. Charlie has been on the phone to the supplier repeatedly trying to get them to correct the addressing info and spelling of his name but somehow they never managed to…
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opening a sports shop
Hi, me and my gf are thinking of opening a sports shop in our local area specialising in Cricket, Hockey and football. we both have links to all these sports through local clubs and a shop in our area is needed and could be a good money maker! We therefore need some info on wholesalers etc were we could get some bulk…
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Help with website buisness
Hi Guys I have a site being made, I won't go into too much detail but basically, it is projected to make a large chunk of money per month via affiliates. I plan to register as self employed and for tax and NI. However I am keeping my part time day job. The only expense the site will have is a £15 per month hosting charge.…
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web host for hairdressers? shared calender
Hi anyone recommend a low cost web host for a small 2/3 page website for a hairdressers - would like a couple of email addresses if possible ? Also how do i set up a shared calender that 2/3 people can acess so we can arrange rotas etc many thanks
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running costs of a small chippy
i've had the opportunity of opening a small chip shop newly fitted out - i have enough money to get into the business without borrowing but am wondering how to estimate the weekly running costs as the chip shop is not currently open due to the last owner doing a moonlight flit - any points or tips would be greatly…
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Self employed and working in isolation
Hi, I'm self-employed and due to the nature of my work I spend most of my days at home, working on my own. I currently have a long-term contract with a customer and the majority of our communication is by email. This means I regularly don't talk to anyone during my working day :( . It's very isolating working like this and…
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Help sought in finding Term Deposits for a Charity
I run a small charity with a capital reserve of about £200K that is coming due in two months after several years. I have been charged by the Trustees to invest four lots of £50k into FSCS protected term deposits which are open to Charities. We already have money in CAF and (through them) a short term deposit bond with…
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Starting a company -qualifications?
hi Just a bit of a random question but me and my husband have thought about opening a business we have discussed the idea of a sandwich/soup shop takeaway type thing or opening like a small sit in cafe now the thing is we have no idea where to start seriously planning do you need certain qualification? confused?
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An event company-better to set up different limited companies for each event?
We have a small family events company. At the moment we do one big event each year (our own event), however we're looking to do a couple of other events, also our own events, at different times of the year to try to bring some extra income into the company, and to spread the income/expenses throughout the year. I'm not…
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Can I Claim VAT Back from an Agency
Hi I am a one man Ltd Company who invoices an Agency each month for days worked on a contract. I am about to register for VAT with good old HMRC. My accountant says that I should now put on my invoice my daily rate PLUS 17.5% VAT. He says it is the law and that the agency will not be able to refuse to pay it. My question…
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Cheap Sandwich Labels
Hi I run a catering firm part time and one of my clients has said in passing they would like sandwiches delivered regularly. I have the packaging but would like your advice on where I can get the labels. They would need to look professional so therefore need to be typed. If there are any products that you can think of…
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branchr
help understanding this please. It was in the paper at the weekend. Its been started by a 16 yr old. Can you make money having ads on your site?
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James Caan 25 Top Tips - Nectar Business
Nectar sent me a link today in the post and found it good reading. Download PDF here: http://www.nectarbusinesstips.com/wp-content/NB_TopTips_Guide_6_downloadable.pdf
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Cheap/Easy to use accounting packages?
Hi Experts! I've used Sage in the past but understand that its quite expensive to use compared to online accounting packages. Does anyone have any recommendations for an accounting package for a small business?
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How to start a business
I want to start up a business selling handmade cards and other gift pieces. The only problem is I dont feel secure putting my bank details online and I only have a cashcard. I dont trust paypal. So what should I do?
