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Car Lease for a Non VAT LTD Company
Hi all, Appreciate that this can be a confusing subject, it certainly is for me. I have just setup my Non VAT LTD Company to carry out IT contract work. I am looking to change my privately owned car. Can I go for arguments sake and as an example, the deal below for a personal contract lease (as my LTD Company is non VAT so…
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Equipment usage for business / leisure
How do you define business / leisure use of equipment when your business is your hobby. Example, My business is media production, I borrow my businesses GoPro's and go on a leisure trip snowboarding for 2 weeks. I create a film at the end of it showing our trip, using the businesses computers and production software. I…
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Sole Trader - Confused
I'm wanting to start a business but I'm really confused as to how to go about it all. It will just be me and I will be working from home/mobile. I just have a few questions really: Do I need to choose a business name before registering as self employed/Sole Trader? 1. Do I need a business name before registering as…
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New business
I have just gone self employed and started my own cleaning business. I have had numerous queries and I have had a good start. I have my website, facebook page and yellow pages, I have had some flyers designed and also I advertise regularly chasing up and leads or interest. Is there anything else I can do to kick start the…
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Any financial advice regarding possible Kickstarter project?
(not sure if this is the right place to post this, sorry!) So, I haven't done a tonne of research as of yet, however I had a couple of questions regarding the website Kickstarter (as I can't find any information anywhere!). I have a project in mind that I would like to start gaining funds for through Kickstarter (a bit of…
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Registering for tax through affiliate company
Hi guys, Another question for you. I've set myself up as a limited company in the UK. My website is hosted via an American company bluehost. I'm also going to be promoting different services on my site from different companies such as amazon, Evernote essentials, Bluehost etc and getting paid for affiliate links. I.e when…
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Salary and dividend question for company (accounting period already ended)
Hi Sister started her company in June last year. Accounts were made up to Mar 16 but being the first accounting period, there is a 9 months deadline for it to be filed with companies house (i.e. dec 16). She mentioned that she did not take any salary of dividends within the first accounted period and her accountant…
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Franchise as Retirement Income
Hi, I am due to retire in a couple of years (aged 55) and am looking at income ideas. Annuities are pitiful, return of under 3% which won't be enough to retire on, I would need nearer 10%. Other ideas are property (buy to let or renovation) and share dividends, but 10% on those isn't easily achievable and risky. I am not…
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Employers NI...Sole Director
I'm a sole director of a LTD, with no permanent employees, I hire contractors on a regular basis. The business is growing but turnover is under £100k, profit last year £60k, so still interested in saving a bit of money where we can. I'm a bit stumped by the new employers NI rules, I had intended this year to pay myself a…
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Invoices - Late % Penalty Charges & Revised Terms
I require some advice in respect of invoices. I have a client who has failed to pay an invoice within the agreed terms and are also failing to respond to all communication. I have issued a warning that the invoice is liable for Late Payment % charges and that this will also now be due. Within my terms, I also have an…
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Small court claim - can we contest once judgement is in?
Hello, Thank you for taking the time to read this. I am assisting someone who was taken to court, in a nutshell, over placement of an employee who *had* initially liaised with an agency but he specifically did not want them to place him in the position as he found the agency unsatisfactory and wanted no further work from…
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Helping a friend's business, tax implications?
Hi - help needed please ! I am currently on a career break. A friend of mine, who has their own sole trader business, has asked if I would be able to help them with a few 'admin' tasks - chasing debtors, help at trade conferences, keeping track of leads etc. I said I'd be more than happy to do this for free. However things…
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Best domain / web space deals at the mo?
Hi! Been missing in action for quite some time! Strolling back in and being all demanding - sorry! Best deals for buying a domain name / website options currently? Go! ta!
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Looking to start small business, confused by options
Good afternoon, I've recently looked at launching my own small business to operate alongside my main job. My new job involves a little freelance work, but will potentially grow into a large business I hope generating passive income through online streams such as E-books, affiliate links & Freelance writing work. I work…
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ltd business partnership buy out/closure
I have a friend who is partners in a business, from hte start he invested more but on paper I think they are 50/50? he cant work with the partner as they have no interest and are not putting in the hours, what are the options? and outcomes ie split, buyout, closing business finance wise?
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Cost effective way to make an overseas Dollar purchase advice please
Hi I need to make a purchase from a company overseas that only takes payment in US dollars and wondered if anyone could help with some tips to make it as cost effective as possible? I have been told that opening a dollar account might be the best way forward as if things go well then this might become a regular thing.…
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Confusion about VAT and products for the disabled.
Hi all, I have received a disabled student assessment [DSA] from the government regarding equipment I need for my degree. It has been a long saga but currently i'm in the position where I have found a company to complete the work and provide me with the invoice to send to the team to be processed. [so they can right off…
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Transferring shares - what do I need to know?
I'm currently a Director and shareholder in a limited company - I have two business partners and we each own an equal share - 1/3 each. I have decided to move on to a new role and have therefore resigned from my position as a Director and I would like to give my shareholding to my business partners. I don't want any money…
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Setting Up
Hi and apologies if similar has been posted before but just looking for some advice on getting set up properly to make things easier accounts wise in the long term. I have dabbled in some small time bit on the side things in the past and registered as self employed, completing a self assessment each year. However, I am now…
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RBS Business Current Account Any Good?
Hello, I am just starting up as a sole trader, and as I am an existing RBS customer, I opened up a business current account with them (24 months of fee free banking seemed a great deal). A few friends have warned me off RBS for their business accounts, saying that they can't be trusted, and that they change the goal posts…
