-
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…
-
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…
-
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…
-
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…
-
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
-
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…
-
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…
-
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…
-
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!
-
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…
-
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…
-
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…
-
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…
-
Reimbursing startup costs + overseas supplier
Hey all, I have recently set up a catering trailer business and I source the products from an overseas supplier. My son has paid for most start up expenses such as domain registration, email hosting, company formation agent fees and so on. He also paid one supplier (around £15k in total) using his own personal credit card…
-
Director pay
Hi, can someone explain how i can take my pay once i become director and shareholder at 45 or 50k per year
-
Sole trader proof
So I've decided to start selling some bits on eBay to make some extra cash so I've signed up to a bulk order company. You can only buy from them if you are a registered limited company or sole trader. They are asking for my company name and registration number (is this just my name and self assessment urn)? But they are…
-
CapitalOnTap cashback credit card for businesses
I thought others might be interested to hear that there's at least one business credit card that pays cashback. It is https://www.capitalontap.com/. The rate is 1%, uncapped, so pretty good! Another advantage is that they don't add any fees on foreign currency transactions, which is a big advantage for me, as I'll be…
-
Tide Accounting - interested in your experiences of accounting software
I have a Tide business bank account and am considering signing up for Tide Accounting which claims to "Sort out your taxes without the need for an accountant". I know that there is other similar software out there such as Quickbooks but I am thinking of going with Tide Accounting for the sake of simplicity. I have a small…
-
Chargeback via PayPal by buyer - item defective/not as described.
Hello, We are a small business and we supply inflatable products, marquees, awnings.. in April, after many discussions, a customer went ahead with a custom order which was made to his measurements and design. 2 months in the making, he finally got it but he was out of the country so his girlfriend and gardener set it up.…
-
What 'income' do they mean?
Hello, I have a full time job and I am considering to sell my hand-made items online and wherever, not relevant to my job. My employer is deducting taxes on my behalf so that part is sorted. How about the sole trader situation? Reading HMRC rules they talk about up to £1000 income when I don't need to tell the HMRC. I…
