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Trade Waste Query
Have a small touring caravan site so need to dispose of trade waste. Does everything go into one trade bin as I can find no information regarding what to do with recycling? I contacted a local 'expert' company and told them my needs yet they have sent me just one large bin, no mention of recycling. My local council's…
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When do i pay tax on dividends
Can someone explain to me how or when the tax is taken off director dividends? I will be getting 45k salary with the first 12,500 going through as paye then the rest as dividend. Also about another 40k dividened ontop of this after the accounts are done each year. But i dont understand when the tax comes off? Or if i save…
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Solicitor set up my LTD Company and its HMRC account then refused to give me access
Myself and two neighbours are in the process of acquiring the freehold to our apartment block. We have engaged a solicitors firm to do this. We used another solicitor from the same firm to set up a LTD company which will acquire the freehold. On Tuesday I received a HMRC Corp Tax activation code addressed to the Solicitor…
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Social club chaos - help needed
In accordance with our social club constitution, 20 members have to sign together to raise an EGM request. We gather 27 signatures and submitted an agenda to the current so called ‘committee’ to address mamangement issues. The constitution states that the committee have 7 days after submission of request to contact all…
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Does anyone know how to sell a youtube channel?
I'm not sure if this is in the right place. Does anyone have any advice about selling a youtube shorts channel ? There seems to be a number of 'agents' on the internet but how on earth do you verify them and trust them? The asking price is about £75,000 tia sx
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CT 600 and Associated companies
For the purpose of reporting and on CT600 # 326/7/8 Is there an association if 2 small companies have common director/shareholding operating in 2 different sectors/premises and independantly without any financial connection or any shared facilities.
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Am I crazy for not claiming VAT/corp tax relief on van?
Hi all - I'm currently trying to buy a vehicle for my work (vat registered limited company) and finding it really confusing and was hoping some kind folks could help me. My accountant is on holidays and while i've been able to get a reply to an email i really can't bother him much more for now, and while i'm without a main…
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UTR Query
Hi I occasionally undertake sole trader freelance work (alongside my full-time employment). My question is I've been asked to undertake a one off freelance piece of work for a company and they've requested my UTR number to process future payment. I don't have any issue supplying this if it's absolutely necessary, but just…
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HMRC inspection and growing anxiety issue
Hello My small business is under HMRC inspection. The letter was received in Dec for Sep VAT reclaim. The inspector requested a number of invoices in Jan so I sent them back right away but there was no response for months. I and accountant kept chasing by emails and calls but no update was made by HMRC. Due to the lack of…
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15 year old selling online
Hello, my daughter (15yrs old) wants to sell online to make a bit of money. She isn't old enough to have an ecommerce website yet, and Etsy would be a great platform for her to use - but again, she isn't old enough (same with Ebay etc). I'm happy for her to sell on my Etsy account - however, I'm a high rate tax payer and…
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SEO Cashback Site
Hello you very wonderful and intelligent people that make up this forum. I sincerely hope everything is going well for you. I am going to be setting up a small cashback based site on a purchased script. Where users can complete affiliate offers for monetary pay-outs. I please wondered for SEO what are the aspects i should…
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Self Assessment: Trading Allowance?
Hi, I am currently filling out my SA for a small business I have and wondered if someone could help me with one of the questions. I am part time employed (pay and health benefits) (around 14k) I also run a small business, and I brought in around £4800 over the year. I have seen a section asking me "Trading Income Allowance…
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Seeking Guidance on Completing My Business Plan
Hi everyone, I'm in the process of finalizing my business plan and could really use some advice or help. Specifically, I need insights on:* Market analysis * Financial projections * Any other key sections I’m aiming to start a Car Wash business and would appreciate any templates, tips, or resources that have worked for…
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Is VAT Registration Worth It for a Sole Trader Selling Used Items Under the VAT Margin Scheme?
A bit of advice please . As a non-VAT registered sole trader, I'm finding that I have to turn down profitable deals to stay below the VAT threshold. For example, I recently had to turn down a deal involving four items worth £20k in total, worth around £24-25k as afew deals like this would push me close to the VAT…
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Shared salon
6years ago me and my friend got our own salon together, The salon is used purely for us to do hair we do not sell any products , the salon does not make any money . We have always had our own clients so the money we make is ours and then we split the rent etc . We do not have any legal paperwork or contracts . Where do u…
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Credit card protection on purchase
I have to make a fairly large purchase of material with a company based in Europe (Czech Republic). I have never used them as suppliers before and I have made checks on their website, bought some samples, and searched for reviews (there aren't any but I would not expect to find them as it is a very sepecialized kind of…
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Excel template for small business
Hello, I have previously been using quickbooks to track my orders that I have on Etsy (very small craft business), however, Etsy has stopped linking to Quickbooks, so I'm paying for quickbooks when I'm sure I can log my transactions./expenses etc myself. Is there an excel template that I can use, that has the same fields…
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Retail business rates discount- nobody will give me any answers!! 2 properties
I really hope someone can help. I have a bakery business in a commercial unit. Rateable value is £6700 and we do not pay any rates as we get small business relief. Now we want to sign an additional lease on a shop, again this has a rateable value of £6700. Now that I will have 2 properties (unit is in my name shop will be…
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Side Hussle Q
I understand that if I have a turnover of less than £1000 I do not need to declare this on my self-assessment tax return. However, if I have a turnover of £1300 but a profit of £800 do I need to declare this? (I think yes) and will I be taxed on it? Seems wrong that if I turned over £999 with a £900 profit I pay no tax,…
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Wise: sending money to other Wise Business accounts
I'm thinking of setting up a Wise Business account to pay a supplier in the Netherlands. If you have used a Wise Business account to make payments overseas, I'm hoping you can explain a few things about their fees, which are not clear from their website. 1. https://wise.com/gb/pricing/business says there’s a 0.35% fee to…
