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Useful guides from MoneySavingExpert.com Do I need a business bank account?Coronavirus Self-Employed & Small Limited Company Help
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Direct debit wrongly paid back
have a client who paid byDirect Debit when he joinedthe gym 36 months ago.During that time he used thefacilities on a regular basiswithout issue. He phonedlast month saying hewanted to cancel his DD, Isaid that's no problem andwould refund him theamount which had alreadybeen debited from hisaccount and left ot at…
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Client refusing to pay citing ‘substandard work’ - WWYD?
I’ve been doing freelance graphic design for a while now. I picked up a new client earlier this year and have done about 8 jobs for him so far. To be frank, he’s been a massive PITA since day 1 (constantly phoning at random times, asking for free updates, pushy disrespectful tone etc etc.) – however after telling him that…
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Cheap business email
Want to get a business email as gmail isn't considered professional apparently, what's the cheapest way?
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Limited Company Director - Electric Car Purchase
My wife and I have a nearly 5 year old limited company and our personal vehicle is on a PCP agreement ending in January. We are exploring the possibilty of switching to an electric vehicle and doing so potentailly via a lease through the business - either a PCP in the business name or BCH. As Directors, we have excellent…
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When do Customs and Excise pay
Our company has been VAT registered for many years, and we always owe them money when we do our quarterly return. We use Sage software to submit our return and this quarter they owe us a small amount instead. When do they pay? My Sage software just says 'Not Paid' against the return, and the money hasn't gone into our…
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Extracting last profit and closing company
My OH used to be a self employed consultant through a ltd company, but now has a permanent PAYE job. He is a higher rate taxpayer. There's about £5K of overpaid corporation tax that he finally managed to get refunded into his business account which he wants to extract in the most tax efficient manner. His accountant can't…
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Best Business Credit Card (not AMEX!)
We run a small cafe, turnover circa 300k. 95% of our expenditure is with the same 3-4 suppliers via direct debit taken each week. Recently got an Amex Gold Card after being recommended it, but spent today trying to switch all our DDs to it, to find not a single one of our suppliers takes Amex. So now looking at other…
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Recommend a coffee machine for a pub/restaurant
Hi All My brother-in-law has just taken on the tenancy of a pub/restaurant doing about 80 covers a day, on a good day, and they need an efficient coffee machine that is ideally bean to cup with the press of a button but not super expensive. We estimate 40 to 60 cups a day. Any one out there with experience of commercial…
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Barclaycard for business
I have a small consultancy business with three employees in total. We bank with Barclays - but couldn't get business banking cards for team members (Barclays wouldn't provide them). Instead they suggested we get Barclays business credit cards for team members, with spending limits. (This was so team members could pay for…
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Corporation Tax and HMRC Fines
I've been trying to wind up my Ltd company since 2021, and also tried to make it dormant but I've been unable to do either. I received a £100 fine from HMRC for failing to submit my return for Corporation Tax which I paid. I tried again to wind the company up and received an objection, resulting in the winding up being put…
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Freelance sites
Hi How do the freelance websites compare? I am talking about people per hour, fiverr, freelancer. I would be interested to knows peoples experience of actually securing work on these platforms. It may really depend on the work/industry I guess?! Thank you
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Royal mail standard letter UK to India delivery timelines
Hi, Does anyone have any experience of sending a letter from UK to India via Royal Mail International Standard? Royal mail delivery aim indicates 5 to 7 working days. I realise this is only an aim, but it's been 8 working days since I sent a letter so wondering if anyone has any experience of how close this aim was to…
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Recommendations for preparing SE accounts
Hi, I would appreciate some advice on preparing self employed so I can complete my tax return. I started selling things on ebay and this has now built up to a small but profitable business, t/o approx £20k. The problem I have is dealing with all of the paperwork on top of a full time job and the ebay work, I have been…
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Help Employing family member under £123 a week
I am half employed and half self employed and I am wanting to employ a family member for about 8 hours a week for now. I am not quite sure on what to do, I have tried following the step by step employing someone for the first time on the gov website but I'm still not sure It says I don't need to register as an employer as…
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Small Claims Question
Hi - we are owed a substantial amount of money by a client whose driveway we completed 6 months ago. He has promised us payment for the last 6 months every week - clearly lying that he's paid it. We have spent a couple of thousand on a solicitor trying to negotiate the payment and he's now lied to our Solicitor saying he's…
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Business credit card with balance transfer?
I had to buy some supplies with the business credit card which has a high APR. Im struggling to find a decent credit card to do a 0% or low balance transfer rate, I cant find any!
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New SA Submission Times??
I need some help, I am utterly clueless about tax and I run a small business who doesn't bring in much profit at the moment as just getting started but is just over the threshold. I have been shown something about change of reporting: "Changes to reporting income from self employment and partnershipsHow to report profit on…
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Help with Tax Return
Hi hoping you may be able to help. I've been PAYE all my working life. I retired last year (age 68) however my previous employer asked if I'd like to do some ad hoc work as self employed and just send them an invoice. This worked out fine but now of course I'm having to do a Tax Return and I'm totally flummoxed. Looking at…
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Becoming a legal entity & Tax rules?
Hi all, I'll try to keep this as brief as I can, My partner and I started helping out friends and family during lock down with various forms of online social media management while we were out of work, just to keep our minds occupied during the pandemic. We recently were asked through a friend of a friend to build and…
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Which is the easiest company to open the business account with?
My Mrs is opening a start-up LTD company. Knowing here, which includes her health conditions, she will want to start and do it it all at her on phase which is likely to be really slow. The plan is to open the company, then bank account and then look for the clients. We are looking at the copywriting business here, so no…
