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using personal cc for business purchases
We have a small business and we have a couple of personal credit cards which we have used as a credit facility for buying supplies since we started but which is gradually coming down. According to our accountant the spending on the cards is seen as a business expense (we do not use the card for any personal items at all)…
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Use SEO or not?
I own a website and more so a business that provides services for weddings, parties and other events. We have recently had a lot of interest and lots of bookings, which was great until this week. This week we have nothing at all! I wanted to cry I was so shocked. Anyway I realise we don’t rank well in google and if I were…
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New business and working full time
I'm about to start teaching in evenings and weekends to earn some extra money. I already work full time and earn £25000. Would anyone be able to advice me what extra tax or NI I would have to pay. I'm hoping to earn about £100 a month is all. Want to be legal and don't know anything about working freelance! Thanks in…
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Can min wage be beaten working from home?
Just thinking out loud but would it be possible to beat the min wage by working from home? Do work from home roles allow for this? I'm caught in this trap at the moment and was thinking i'd be better off as I wouldn't have the travel expenses
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Offset tax rebate
This May sound like a silly question but I started a small photography business in 2012, I am also in full time employment. I made a loss in 2012/13 tax year and chose to offset it against my main paye income. I am due a refund, however should this go into my personal pot or my small business pot? Thanks in advance
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Record keeping in addition to a bank business a/c
I am a self employed plumber.My business a/c provides a virtually full picture of my business. I pay in cheques ,cash and receive bank transfer payments.Virtually everything is paid for using my business credit card.Very occasionally I have need to pay cash and keep these receipts separately.My detailed merchants invoices…
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Sole trader / Car: Tax breaks and so on
Hi all, My partner is a fitness instructor. We moved out of London recently and now find a car is needed for both family use, and also to get her around to classes in neighboring towns and so on. We dont have the cash for a car (and driving lessons) up front, so will be looking for finance, and also looking to maximise any…
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tax on dividends
Hi I have a small ltd company that earns about £2400 a month and I pay myself and wife £1200 a month. I have no other income and wondered if I would pay any tax on 2 dividends I have taken of £4500. I am unsure of anything to do with dividends. Thanks
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Invoices & Contracts question
Inadvertantly gave too much information.
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Accounts software for retailers: advice please
Hello. I'm opening a small independent shop this Spring and am looking for some all-encompassing software for my accounts and stock control. I don't want to buy a subscription or have something 'in the cloud' but to use software on my own PC. Obviously if something is free that would be fab but I'm willing to pay a…
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Question about a charity shop till
Hello everyone, I've been reading for a long time but never posted until now. I'm hoping someone might be able to answer my question about the till process in a charity shop. DD is 14 and volunteers in a charity shop at weekends. She likes it and enjoys helping out but she's not particularly confident when she's at the…
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Filing accounts help
Hi there. I set up a company in 2012 and need to file my first accounts. I've only issues one invoice for this company for 2000 and paid one invoice for 750. The company has no assets and I'm the only shareholder. I'm not exactly sure what to fill in on the abbreviated filing form. Could some one with more expertise shine…
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Business Valuations tool
Hi - I am considering purchasing a small business and wondering if anyone can recommend a website that can help me get a sensible idea for how much the business that I am looking at might be worth. Clearly there are many factors to take into consideration that you can't always get a definitive value on and I will almost…
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Website to sell tickets on for charity night?
I do hope I'm posting this in the right place. I'm entering Race for Life and I am hoping to host a Curry Night to boost the money I make for the Charity. I was wondering if anyone is aware of any websites which allow you to 'sell' tickets to the event without any charge? I wish to set up a 'page' as I know some people can…
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Sole Trader - Juggling between Personal and Business Account
Hello, I am a small trader and have a personal account (for my own use) with First direct, and Set up an account with HSBC for my biz use. HSBC has started charging me every time I cash a cheque or deposit cash in my account. Being a sole trader, I was wondering if it is possible to deposit the cash using my personal FD…
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decisions, decisions but which one is right
Hi Everyone, I posted on here a while back but I'll just recap. I started a haberdashery stall on the market 2 days per week - I've got another job for 4 days. Its been going well but its hard setting up and putting away because I dont drive I rely on my dad and his van, hes 65yrs old and is not in bad health but he feels…
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Messed up book-keeping
So I started a phone/pc repair business March 2013, I kept notes of the purchases and incoming money right up until around Sep - Oct and then after that I pretty much forgot to write stuff down and currently I am around -£300 (due to a few write-offs, broken stock parts etc and using some as expenses but with no receipts)…
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Tax questions regarding freelance work in the UK?
Hi everyone, I was hoping someone here might have the knowledge and experience to give some advice/information regarding taxes/freelance! I have recently graduated and started up my own freelance business, so I'm very new to everything it involves! My scenario here is that my business (sole trader type of business) is…
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Tax Question - LTD Company
If someone could help with a quick tax question that would be great. I'm a higher rate tax payer and will be starting a limited company along side my current position. Myself and my wife will be directors. How much tax would I pay on profits, I'm guessing 40% on any pay but what about dividends, how can I extract the cash…
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Types of companies that need a graphic designer?
Hi folks In February I will be reducing my hours of employment to concentrate my efforts on my freelance work as a graphic designer. I have a few clients but really want to go out and approach new clients. I am intending to call companies and try to arrange a face to face meeting to see if they need a designer. I am…