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Two seperate bank accounts for two different self employed jobs?
I'm about to go self employed doing two separate things. One will be an online shop with lots of income and outgoings the other is a service to local people paid with cash and pretty much no outgoings. Do I need to have a bank account for each legally? Or can I just use one? I'm going to get an account for self employed…
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Ways to drive traffic to my new webshop
Hi, Last year I put everything into a new start up business to become an electrician, the contributors to this forum helped me enormously with ways to market the business. I am pleased to say that things have been going well as a small independent an I have decided to open a web shop selling tools and DIY products to…
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Using an external blog to increase Site traffic
Hello I am a face painter and glitter tattoo artist and have been getting good business from Friends and family but am now looking to reach a wider audience so I have built a website - can be viewed in my profile - Made Face book business page for my company and have tried my best at SEO optimisation. I am thinking about…
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Mis-sold Advertising
Hi, hopefully someone can offer some advice or comments. It’s a long post but I don’t want to miss anything. On Thursday I was offered advertising space in a brochure to go in the bedrooms and reception of some local hotels (part of a national chain). Seems a good idea, as I run a local pub/restaurant and the chain of…
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Undercharging - can service provider claim at later date?
Hi, I'm a self employed driving instructor operating a franchise from the AA Driving School. Last week i was informed that funds were going to be withdrawn from my bank to pay for pupil introductory fees that which were undercharged over the past 12 to 24 months. This was a as a result of a clerical error on there part and…
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Limited company closed too early, advice needed
We had a limited company, Companies House closed it down before Corporation Tax was paid. We didn't know a limited company could be closed before this was paid, we didn't have the accounts ready as they weren't due. Basically, the company closed with us owing it several hundred pounds. Apparently we can still pay our…
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Online retail store...Help please
Hi, I'm working on starting an online retail store, I have registered a business name,logo, have found means to get stock, gotten a business account and a website designer. All seemed to be going well. how ever, I realised that another online retail store has a name basically identical to mine. I guessed as I had…
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Stupid mistake!
I made a stupid mistake and ended up paying the HMRC to much for tax and NI this month. Is it ok to just pay less next month so that it will work out ok at the end of the year? Still kicking myself for such a silly mistake
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Registered Office - LTD Company
I'm thinking about setting up a LTD company. First of all, I have no idea what I'm doing but I'm slowly learning. Just wondering what to do with regards to a registered office. I don't want to use a home address nor do I want to rent an office. I have heard of companies who offer a registered office service. My question…
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Ltd company and adding trading names onto a business account
I have a ltd company and a business account with Barclays. I have separated my business into three categories as I do three fields of work on the health and beauty industry. I asked Barclays if I could add three different trading names onto the account so that each section of my business can be distinguished, and I can…
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Windsor Associates - Advertising in Tesco
Been approached by these guys regarding advertising business cards etc in new tesco store near us. Anyone got any experience? Quick google indicates it might be a bit of a waste of money...
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Register Ltd company to be dormant
I'm looking at perhaps registering a Ltd company, to remain dormant for now. I will do this to secure the name as I trade as a sole-trader under the same name at the moment. My questions are: 1) Apart from the £15 filing fee to company house each year is there anything else to consider? 2) Would it be a problem to sign off…
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Paypal Donations Account
Hi all, We are trying to set up a paypal account to allow friends and family to donate through our website to a little boy needing £45,000 to sent him to the US for an operation. We've been trying to set this up for 2 weeks now without joy, unfortunately because I have not created the paypal account they will not speak to…
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Pre-Owned Agency
We are a VAT Registered small footwear business, we have recently gone into pre-owned footwear and clothing, does anyone know what are the VAT implications of this, how do i best calculate VAT and keep records. Our system is we take good quality clothing/footwear in from a customer and on sale of the goods, we give 50%…
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Landlord attempting to raise rent - after 7 months!
Hello, I'm looking for some fairly urgent help, my meeting is at 6pm tomorrow. I own a one man business in hairdressing. I "rent a chair" from a landlord. We have been there 7 months (two of us started together) and he is now wanting to increase our rent by 33%. This is money I just don't have. We have also been given 2…
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Advice on setting up as a consultant (Ltd company, Tax, etc!)
Hi Everyone, I would welcome some advice on the current position I find myself in and how the most tax / cost efficient way will be to proceed. I am currently employed in the public sector and, taking into account pension contributions and overtime, my earnings are just below the 40% tax threshold. All my tax is PAYE by my…
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Help with basic book-keeping
Hi all, Was wondering if somebody might be able to help me out with a (very!) basic double-entry question. My OH has started some self-employed work as a sports masseuse. She needs to buy massage oil in relatively small quantities in order to do this. Since the oil is not intended for re-sale I presume it is not classed as…
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Bank and Funding Problems
On 31st March 2011 We opened a Barclays Business Account and Barclaycard Merchant Services, due to a clerical error on the part of Barclaycard, we did not receive any funds transferred to our account for 99 days. This came to light the week of the 1st July 2011 due to this error we received no wages for our staff, cheques…
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New Jewellery Business - Need Site Traffic
Hi everyone, I've just started my own online jewellery store and I'm in desperate need for some traffic to my site. I have joined all the free directories and search engines, but does anyone know of a good, paid site that will help direct traffic to my site (nothing too expensive - say £20-£30 a month? I have tried pay per…
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Simple Accounting Question...
I'm checking over my books for the last tax year (sole trader). For the first time, I had a customer who refused to pay - and now we're still going through the small claims procedure. So, I've got an outstanding invoice for just under £2,000 - for last year. Do I 'not bother' putting it in my sales ledger for last year -…
