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About to submit my tax return. Need advice please.
I just got off the phone to hmrc and din't get to ask a few final questions as my INCREDIBLY loud nephew walked in and I stupidly said thank you bye and put the phone down. I told hmrc that I was paranoid I was going to accidently submit an error and muck something up. They said once you submit, you get a submission ref.…
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New business tax implications
Dear all I'm sure several of you have come across this situation so I'd appreciate your experiences if that would be ok? I'm currently employed on a reasonable salary which sees me pay £5460 in PAYE and £3300 in NI. All tax is taken at source and I do not complete a tax return. I am exploring setting-up a new business…
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website design help
Hi I am looking for advice on where to get a website built to offer advertising options but am struggling to know where to go/start? all suggestions greatfully received. Tia
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Using a PO box? Or a Virtual Office? Can I?
Ok so just a quick question if I may? I have been looking at using a virtual office for my business, because quite honestly my address is not in the best part of my city. So I was thinking if I take the new address and use it as my address (as many people do). Can I send all of my legal documents to this address? What…
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Leaflet and web design
HI Can anyone suggest a good company to design a leaflet and website that does not cost the earth.
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Money owed - where to go from here?
Hi all, Over christmas I did some work on a self employed basis. There was no contract signed between me and the customer but toward the end of the period I began to have serious issues with this person - they were downright rude, uncooperative and a pain in the butt so I walked. I sent them an invoice for the remainder of…
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Income Tax Losses
I'm filling in my self assessment tax return... OMG, this is so hard and hmrc website don't explain things well!!! Anyway... I'm stuck on the income tax losses section. I have a turnover of £800 and expenses of £1000 for the tax year 2011-12. This is my first year of business. Earlier years' losses (which can be set…
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One way vison static clings
Hi, I'd like to get a few static cling stickers to advertise my business on my car windows, but I need the one way vision sort and I can't find a supplier for then in the UK, anyone know where I can get them from? Anything I fix need to be easily removable.
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Capital Gains Query
Hope this is the right section to ask this question Self Employed. I bought a protoype of something for £800, but never claimed for it as expenses, not entered it as an assett, so I guess it is a pesonal item Happy with the sample, I bought a further 8 of these for 6400, and entered as asset in cap ex section. This year I…
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Business rates ??
I'm looking into getting a review done of our local business rates. I've checked the online websites for this but what I really need is a clear list of what is 'rated'. i.e toilets, storage etc are these rated differently from workshop, offices etc.. Many thanks
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Expat Business Set Up Help.
Good morning, all! I have the chance to purchase a great business in a market that is perfect for me. However, there are a few stumbling blocks; one that perhaps someone here can help me with? I live in the Far East and have been a non resident of the UK for the past 3 years. I cannot register the business in the country I…
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Sales Email
I have a database of clients that I know use a service of a local accountant. In fact I used to be in charge of the service. I'm now going on my own and wanted to drop them an email but wasnt sure if I should go in as blatent as "Hi, remember me..." Perhaps just an introduction email to what we do and hope they remember my…
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HMRC Self Assesment Online Services Website Unavailable?
Hi I just tried to log on to fill out my Self Assessment and the website is down. It says the service is temporarily unavailable.... has anyone managed to do theirs today? Thanks
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VAT on purchases from a charity
I have purchased a laptop from a UK LTD Company that is also VAT registered and is a 'not for profit social enterprise owned by a registered charity'. I have received the laptop and with it came an invoice. The invoice has their UK Vat number on but it shows the VAT rate as 0% and show's the VAT amount as £0.00 Is this…
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Property purchase and change of roll
Hi, A thought me and the OH had we're to buy an old pub, it would no longer be used as a pub but to fit to our business plan if we we're to do it. Does anyone know if this is possible or who would be best to speak to about this sort of plan?
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A Accounts packages for small businesses
Hi, I have bought an off the shelf small business accounts software package and have found it very confusing. (NCH Business essentials). The support is not free, in fact its quite expensive and the third party company I bought it from (Serif) did say at the time that support was included, when in fact it was chargeable.…
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When do you need to register as a business
I was wondering when a hobby needs to be registered as a business and you need to start upgrading you home insurance to say that you run your business from home. If you start selling, for example cupcakes, was your hobby now you looking as selling, when does it require registeration as a business. What makes people who…
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PPL phone call received and claiming i need to pay to watch TV
Hi all, I was in my shop yesterday when i received a call asking to speak to the owner, i should know better as we get about a dozen silly telemarketing calls daily, but i told him yes i was the owner. He said he was calling from PPL (i had never heard of them) and asked me what was on in the background and i thought this…
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Costs 9 months before my business started.
Hi All I need some advice. I have read here (a while back) that someone claimed costs for items purchased for business usage 9 months before they registered as self employed. Ok so here is my situation, I purchased a car 9 months before I started a "partnership" business. The car is mainly used for the business (it tows…
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Dividing business between family members
Hello all I am currently a sole trader and have two employees, one of which is my nephew. We've been trading successfully for 7 years and business is good. My nephew is ambitious and wants to be more involved in the running of the business. I am intending to go Ltd very shortly and we have an accountant to take care of the…
