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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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Tax return question for 24-25
I’m just submitting my tax return for the 24-25 year. I've noticed this year because my profit is less than £12750 but more than £6845, I do not need to pay any national insurance. Is this correct? I normally pay both class 2 and class 4. My profits are down this tax year so I don’t need to pay class 4? Also, it asks of…
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Best Business Bank Account for New Business Startup being paid in Euros
Hi, I'm setting up a new limited company in the UK consulting for a business in Europe who have agreed to pay me monthly in euros. Rather than opening a business bank account and the having said bank use it's own unfavourable exchange rates whilst attracting possible transaction fees converting euro's to pounds, can anyone…
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Side Hustle Tax Question
I started a side hustle on ebay that has slowly grown over time. Initially it was designed to pay for the hobby (3D printing) and that is really it. Under the new digital tax sharing scheme I have now gone over the threshold for the tax year at which point HMRC/ebay are deeming that my hobby sales are a "business". I have…
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HMRC Compliance Check Letter
Hi all I received a letter from HMRC who want to go into more detail regarding my last tax return. I've always submitted my returns and payments on time. I do my own accounts, and so have no accountant or tax advisor. Although what they are asking for is extensive in terms of documentation, it seems relatively straight…
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Energy broker disputes
Buisness Reduction Services ( NW) I am seeking help and wondering if anyone has experienced or resolved a dispute with Buisness Reduction Services ( NW) and PreAction resolution reached, acting on their behalf . At 0717 I had a cold call from a private number . I had just recieved keys to begin work setting up my first…
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Mettle any good? (Not in the MSE business bank accounts article)
Hi all, I'm just setting up a business bank account. I've seen on the forum and in other places that people use Mettle, and that the FreeAgent software is a good bonus. However, it is not featured in the MSE article on business bank accounts, and I can't find any info on transaction fees on the Mettle webpage. Is it…
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Accountant recommendaions
I am openning up a business with very straight forward circumstances. I currently have a simillar business that I will be closing. There are two people on payroll including myself. Literally all I need is Payroll once a month, Accounts at the end of the year and being able to call the accountant once in blue moon if I have…
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How can I get help for my business startup ( For unemployed)
hi everyone I lost my job, months ago (A very experienced, Microsoft cloud software develoeper) (1) Starting an online business. A Customer management software I built from scratch, still at infancy stage All jobs I have been applying for, say I am over qualified or declining me, saying I wont stay. (2) I have now applied…
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New Registered Company, Bank Query
I've recently registered a new company for my sole trader business. I've already been using a business bank account in my own name for this, but moving forward can I continue using the existing busness account or should I open a new account in the name of the registered business?
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Anyone used the Co-op Business Bank Account?
hhm, I am small business and moved to the Co-op for cheaper charges (!!) - however, for the first 6 weeks noone could pay into my account due to a technical error on their end (now sorted I hope) and just today, when I paid an invoice it actually lists it as a standing order. I rang the bank and they said that this is how…
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should i pay the accountant the full amount
First year in business started April 7th 2024. With no prior experience, we chose an accountant on our local high street. He didnt want us to use an online digital service, so over the year I collated spreadsheets of income and expenditure along with paper receipts/invoices. Delivered the ledger files to his office early…
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Cheap stamps help/cheap postage
Hello, I send around 200 2nd class letters a week through my business, currently I buy commemorative stamps from discountpostage.uk, they are 48p using a combination of 3 or 4 stamps, im just wondering if anyone knows of anywhere that can provide them even cheaper? ive looked everywhere and it seems they are the cheapest…
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Help with Tide Accounting Software
Hi there, does anyone use Tide Accounting for their LTD? I'm having a hard time understanding how to record transactions that occur outside my Tide business account on there. You have the option to record a manual transaction, but you cannot upload a receipt with it and it doesn't appear to register in the accounts as…
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Micro Entity Ltd Company accounts filing - HMRC / Companies House
I've spent the last 2 days going round in circles / 8 calls to HMRC and their only suggestion is to write in to them.... We are a small micro entity company looking to submit our own accounts (accountancy trained). The accounts are all done - they just need sumbmitted. However, going forward we thought it would save time…
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Internet for office - minimal use - recommendations
I only need internet for one hour, sometimes 2, a week for zoom meetings in the office I rent for half a week. Is there any way I can do this more cheaply than paying business internet rate? Like phone hotspot or anything else?
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HELP I need a website
Hi All - I need help. My wife has set up a new business called The Taste Experience and I am trying to help her out. She knows the basics like Word etc on the computer and I used to help her by building a website for her, but because I had viral meningitis years ago I cannot remember what I have to do and what one is…
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Sole trader query
Hi all, I am currently full time employed, but have been selling on the side as a bit of a side hustle. I have since reached the £1000 threshold, so now looking to register as a sole trader to ensure I'm doing things correctly. When looking on the GOV.UK website, I cannot see the option to register as a sole trader, only…
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SBRR help
I’ve been reading and got myself in a right pickle. I own an Airbnb property. I get small business rate relief on that. Eatable value is £2500 i also started a cleaning business and have been looking at a small industrial unit with a eatable value of £5700 Can I claim for both.
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Basic PAYE Tools and National Insurance
Hi Everyone I have just realised that I should have changed an employee's National Insurance code letter on Basic PAYE tools at the beginning of this tax year. I have changed it going forward but I need to backdate the hange to the beginning of the tax year - does anyone know how to do this please? Regards BooksellerDude1
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Merged: Buisness Reduction Services ( NW)
This discussion has been merged.
