-
Selling digital products on Etsy.
I'm looking to sell laser cutter/engraver digital plans/instructions only on Etsy (no physical products). This will obviously give me a worldwide marketplace. This is what I envisage happening: 1. Customer will download my digital plans/instructions from Etsy. 2. Customer will load the digital plans in to their own laser…
-
3 weeks without wrongly disconnected BT Business line
We're a small restaurant and BT customer for over 30 years. With 2 overdue bills, the line was permanently disconnected, without the correct procedure as per BT Business' Code of Practice being followed, ie there were no reminders, prior warnings, restrictions or suspensions. The day the number stopped receiving calls, I…
-
Winding up a small limited company
My business partner and I have decided after 27 years running our small limited company (us and 1 employee) that business is getting gradually harder and harder for little or no reward, that we want to retire. The business is not saleable, relies pretty much purely on goodwill so it will be just a matter of closing it down…
-
Lodger as A limited company
I work as a locum via a limited company and genuinely do half my shifts near my home and the other half near my parents in law 50 miles away. i do stay at my parents in law and give them money for general lodging etc for nights I do shifts there. could the limited company pay for these lodgings costs as the travel and…
-
Can I list Etsy fees as my expenses?
Hello, I just started selling on Etsy. Made my first sale - realised all the fees I'll be paying. Which is fine. I have 2 options for my self-assessment. Which one is correct? Thank you for any advice. Will be much appreciated. 1) When it comes to doing my tax return, should I write my Etsy fees as expenses? And thus the…
-
Best solentrader account for usd receipts cheque and transfer
Hi there I have just set up as a sole trader to do consultancy work in the US. I will be resident in the UK for tax. I need a business account that will accept usd. My colleague is a small company and wants to pay me by check however I fear this would be costly for me wrt fees and a poor exchange rate . Can anyone advise a…
-
Retrospective PAYE Submission?
Hi there, I have a weird question and hope someone has some clue. I have an ongoing legal battle going on at the moment, both sides need access to my HMRC records from 2021. I gave permission for these to be released and my solicitor has come back and said there are none available. My ex-husband and I ran a business, was…
-
Is Sole Trader my best option?
Hi, I am hoping you can point me in the right direction.A charity has asked me to set up and run a comprehensive training course on a fixed term contract. They will be paying me around £20k to create it, spread over the year. I will work from home with most meetings being remote. I am not expecting any follow on work…
-
Self assessment query: Class 2 NICs and interest earned on savings.
I’m doing a self assessment for 23-24 and I’m looking for
clarification with the following. It’s not big income, just 1800.00 after expenses. The box is ticked to pay Class 2 NICs which should be
179.40. 'Interest received from UK banks and building societies' comes
to a figure of 116.00 When I get to the 'View your…
-
Charging for freelance work
Hi, A Management Consultant I'm not entirely familiar with who works for a company I worked for recently got in touch with me asking me to do some ad hoc freelance work to analyse some data as the client he is working for who has great attention to detail has discovered inaccuracies with his analysis. I agreed with the…
-
ANyone know any places cheap internation shipping by sea?
Got stock in USA need back to UK.12 boxes 10kg each.At moment its £600 by air but it wont let me send by sea.I cant find anywhere by sea. Anyone know anywhere or good places.
-
Ltd Company Car Lease
After some advice on a car lease, please. I am currently paying my car lease as a personal lease. I am looking at moving to a full EV, and would like some thoughts, please. P11D Value - £49,725 BIK £995 going up to £1,989 26/27 Monthly lease costs of £475 Current pay is £50,270 Net profit circa £100k I like the idea of not…
-
Same name, but without Ltd?
Hi, Everyone was so helpful on my last post, I was hoping to ask another question. As my Ltd company has been struck off, can I use the same name as a sole trader but omitting the Ltd. So instead of Sticky Stuff Ltd, could I use Sticky Stuff (made up name btw) What are the rules surrounding this? Can you even use Ltd if it…
-
TikTok account
Just wanted to do some research about a website called Tik Accounts. Has anyone heard or dealt with them? They basically offer creator accounts with 10,000 followers for a fee.
-
Backdating business rates + council tax bands
We have a separate building in our garden which was legally an annex to the main residential dwelling. This annex was actually let out as a full-time, furnished holiday let since August 2013. In August 2023 we applied to regularize it with a certificate of lawful development, which was finally granted in June 2024. The…
-
Self Assessment - children's accounts
For accounts which are in my name but are children accounts, do I need to include their interest in my interest sum when doing my SA?
-
In a complete mess - please help.
Hi, Apologies for the cry for help. I have managed to get myself in a complete mess and I'm not really sure where to start. I'm actually a little scared. I apologise for the potentially long post, but I feel I need to explain so you have the full picture of what my situation is. Back in 2020 I registered my self employed…
-
Self employed work plus 2 PAYE jobs
What is the best way to contact HMRC to get tax codes updated correctly? Moving from 1 PAYE job to 2 separate ones plus some self employed work.
-
Limited Newbie
We are going limited - But I know very little. Please send me the basics I need to know and any best tips / advice! Please! 🙏🏼
-
Business Energy mis-selling and/or fraudulent selling.
I own a small restaurant in Liverpool. In 2022 we used a broker to get us a business energy deal (at the time energy deals were record high). We had no experience or knowledge of business energy so relied on our broker to get the best deal for us in our position. We contacted a broker that got us on a deal with Valda…
