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Sole Trader Hiring Family Question
I am a sole trader (copywriter/social media manager) and I am looking into hiring my partner. Would it be better to take him on as a freelancer (is this allowed as we live together?) so he pays tax etc, employing him and doing the paye, N.I stuff myself or bringing him in as a partner(wouldn't be able to put his wages as a…
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Pay day covers what period?
Just about to employee our first employee. Want to make sure i have thought about everything for paying them. i've worked out that if we say their pay day is the 23rd that means the money needs to go into there account that day and therefore need to take account of the 3 days it takes payment to clear and bankholidays etc.…
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Fixtures & Fittings
I have a load of fixtures and fittings i need to sell as i have closed my business, any ideas where i could sell them at a decent price? I have Gondolas, Tables, Dump Bins, Counters, Clothes Rails, Display Racks etc. I have 150+ items that i need to sell, do you think its easier selling as a job lot or individually. I am…
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Spending gift vouchers as a business
(Quick note to moderators, I have placed this in business forum deliberately, not vouchers forum as this query specifically relates to a business issue) Does anyone know the implications, if any, of spending gift vouchers as a business? Googling only returns queries about sending/giving gift vouchers, not receiving them…
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Business Premises Lease/Tenancy
Hello all, Id appreciate some newbie advice about buiness lease agreements. Im exploring the idea of starting up a retail outlet and have found a venue and been given an outline lease to conisider. I wanted to know whether business premises leases would normally have a notice period under which you can get out of the…
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CIS Deductions Query
Hoping someone here will know the answer to this for me, as I have no accounting expertise whatsoever, and we are currently in the process of appointing an accountant and bookkeeper... We're a new business in the construction industry and have registered for the CIS scheme. We are involved in a large contract for a main…
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Anyone tried crowdfunding?
Hi all, I'm trying to raise money for a comic-book project I've written, and was wondering if anyone had any experience of crowdfunding? For those who don't know, crowdfunding is where lots of people online donate small amounts of money which is then used to fund some sort of project, usually an artistic one, but not…
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Partnership tax returns - commercial software
Hi all, I've been informed today that in order to submit my partnership tax return online i need to purchase third party software to do this, and can't do it using the usual sole trader method (that i have been doing, partnership started on 01/11/2010) So - does anyone have any recommendations for decent software?…
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Starting up business - insurance question
My husband has been looking for a job for two and a half years and got so despondent that he's now starting up a business himself. He had to wait until May to do this due to regulations that he needed his driving license for over 12 months as he will be will be doing private hire - basically a taxi driver without doing the…
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Business experience and marketa of the forum members
Ok not sure I this is the correct forum but looked at the discussion forum and isn't just business users, Out of interest most than ever thing what skills and markets are people in? My details below Age: 25 Location: Surrey First got into the business scene: 2001/2002 Current business involvments: airsoft equipment retail…
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Self Employed, Pregnant and Tax!
HI All, I am just after some advice really, I am self employed and last tax year (2010-2011) I turned over just under £22k with around £6k in expenses. It’s my second year of trading and I turned over a little more than £1700 compared to my first year. I pay my tax on account on Jan 31st and July 31st and so far this year…
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Anyone a freelance trainer?
Hi Just wondered whether we have any free lance trainers on board here? I have lots of skills and qualifications in various areas (NLP, degree in business and nvq 3 customer service as well as teacher training for adults). I need to use my skills to create work for myself,and would love to talk to any other trainers out…
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Tax or Loan
Hi, Hope this is the right board. I'm currently £4k in debt to Lloyds (personal loan). I have a tax bill coming in January which is likely to be around £2k. I have NOT (stupidly) saved anything for it so far. I am wondering, If I have extra money coming in over the next few months (likely) should I put it to the loan or…
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self employment help
Just a quick question, I have two self employed ventures that I am wanting to do, they arent linked to each other, do i have to register as self employed twice? Do i have to keep them both seperate or can they be combined - bank account, tax return etc Thanks
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To register or not?
If I were to set up a business that is mainly selling instruction ie how to do something, but in order to instruct I would need to provide an edible item; do I need my own kitchen to be registered if that is where I will be making the edible item?:o
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Company owes me money and just gone bust,
They are called PDCGroup LTD and they have just gone bust, There where due to pay there outstanding invoice of £3,888 today and i have just been informed they went into liquidation on Thursday. Now im a ltd company and so are they but i just want to ask will i still get my money. Seeing as my firm is only 7 weeks old this…
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small handyman business
Hi, I would like to start a small handyman business to increment my current earnings. Will keep my day to day job. I have a couple of questions: 1) is it worth setting up as a ltd company? I know about accounts etc etc as i have been a director for a flat management company before. 2) Can i pay my tax and ni contributions…
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Need Business Cards?
If you’re looking for Business Cards I recommend using Vista Print.co.uk they do 250 for FREE! all you have to pay for is the postage. If your happy using one of their 42 set designs it's free if not it's a bit extra to use your own design but still great value I found. Lewis
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Small Local Charity - Is a printed banner worth it for events?
I am helping out a little bit with a fundraising mission in my local town for a little boy who has rare cancer. We are doing at least one baby sale of used items in the future, probably more. Also fundraising in other ways when the ideas and opportunity crops up. We can buy an 8ft outdoors type banner on which to advertise…
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Just gone self employed
How long do I have to inform revenue and customs. I have been told three months.Is this correct? Thanks in advance Simon
