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Tax return question from property income
Hello, I have rental income that I started to receive from the 07/01/2024; so when filling my self- assessment, am I just putting income from 07/01/2024 until the 05/04//2024 for the rental income received? It also asks about how much I earned from main employment, again, is this just for the same period as above or would…
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Any suggestions for HR Company for small business MANCHESTER? Need contracts renewing etc
Hi all My families company is constantly growing, which is good news. However, the office staff are being bogged down by HR Issues, that quite frankly they are not trained to do. Therefore, the business has decided it needs some specialist help from a professional HR company. The business needs help with the rewriting and…
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Missold?
Hi Everyone, I was wondering if you could help.. I tried posting this twice but it got removed without a reason I could see. What did you buy? £400 Google Advertisement When did you buy it? June 2024 Where from? (internet or in store - it DOES make a difference) Internet How did you pay? (cash/cheque/debit card/credit card…
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Business car for partnership
Hello, I intend to purchase a car for business issues only. I’m currently in a business partnership, which is quite small with relatively low turnover. My business partner does not drive currently, so it will just be me using the car. Am I able to claim back the cost of the car (£900 odd) And all insurance and tax? If so,…
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UK Business Banking with major overseas shareholder?
Hi all, I've recently formed a limited company as the minor shareholder, whilst my business partner and French national is the major shareholder. I approached Lloyds, who i'd banked with for a number of years as a sole trader - to be told a business account can only be opened by a British national with major shareholding.…
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VAT payment
I have been working for someone as a self-employed person for a year but I have not been paid VAT for the services provided. I am VAT registered and have been since I started working for this person. At first he told me that he does not pay VAT to me. For the payments he made to me for the jobs offered, I did not make an…
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Crafting a letter to express interest in buying a business
Hi, Id like to approach buying a business in a particular sector and intend to send an email to owners of a few companies. Can anyone give me some pointers of what to include / exclude/ length of email. As a business owner what would make you take notice of my email? I’ve tried to find a template online but they’re mostly…
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Chase a New Company for the Debt of an Old Company
I can go into more detail if people want but this is the gist. I took a company to court over parking fines they racked up on a car that was in their possession and should of re-registered to themselves. I won the small claims court case and instructed the bayliffs to execute. They went to the property to be told that the…
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Issues with Euro payments into HSBC UK "Global Wallet"
Hello, I'm a contractor and am losing my mind trying to get paid for a Euro client that I'm working with, for reasons that I can't quite grasp, so I'd really appreciate any help! Here's the context: - I contract through a UK based Ltd company that is UK VAT registered. I use HSBC UK for business banking. - The placement…
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Franchise Advise - Is This Fair?
I've been working for a small company for a few years, managing most of the operations, including sales, client calls, and conversions. I'm employed with a good salary and a bonus structure. Now, there's an opportunity to branch out and open my own franchise nearby. Both the owner and I are confident that we can scale the…
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Help Needed With Motoring Expenses
I'm a sole trader and my car is used partly for private and partly for business use. At the moment I am using 45p/ mile for business mileage, but having looked at recent figures I would be much better off using the actual costs and apportioning them for the percentage of business mileage. Am I free to change the system…
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Raffle Rules
I have organised a raffle for a charity I’m a trustee of. I have the licenses required, and tickets are on sale. Having been out trying to push tickets, I am now concerned that I won’t get the volume of ticket sales to justify the draw and cover the costs. I can’t find what the rules are around this. Can I not go the draw…
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Possible non-paying client
I'm a plumber that was asked to do a job for someone that Ive worked for around 10 times over the past 15 years or so.They asked me to quote to replace a toilet so i gave them my quote verbally when i went round to assess the job, they accepted the quote then asked how long it would take, i said could take a couple of…
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£45,000 BT Bill?!
e have a small business have been with BT over 20 years. Secretary renewed mobile phone contract last year. Nothing explained about roaming so just ticked a box. Went on holiday to morrocco. We received a tx on both of our phones upon landing in Morocco with the amounts we would to be charged. But no option to upgrade. We…
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First company car
Have owned a small business for many years, but never had a company car. I drive a small company-owned van, and we have a personally owned car for my wife. Am considering buying a used car on the company, but struggling to find out the likely cost implications. The reason for considering this is to avoid having to fund the…
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Huge change of price and terms 2 months into buying 12 months service with an American company
Hi :smile: As topic title, I will explain : At the beginning of September 2024 I bought a software service plan that my commercially available app uses relating to an AI product from an American company which shall remain nameless (for now). I had the option of $100 per month for their services or $50 per month if paying…
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Unincorporated Association - Business Rates
Hi I am the treasurer for a radio control car club. Our members pay an annual membership fee and a race entry fee. We have access to an outdoor track which we pay to use. We do not make a profit all monies go back into the club. The local council is trying to pursue us for the payment of business rates. I have tried to…
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Limited companies and labour's autumn budget...
I'm sorry if this is in the wrong forum, I was thinking about posting in the general tax forum but thought it would be more relevant for people here in the small biz forum. I'm sure we're all holding out for the dreaded autumn budget changes on 31st October and how this is going to affect those who take most of their…
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Which business bank account?
Am tempted by the Natwest account as it is free for two years and includes accounting software. My main personal account is also with Natwest so would all be in one place. I do have a second account with Monzo but unsure on their business offerings. Have also seen tide come up a lot but I know nothing about them. What…
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Sole trader HMRC checks
…….&:342yu
