-
Is this a GDPR Breach?
Hi all, I was just wondering if someone could offer some advice Where I work we run a series of conferences, one of these we licence out to a third party on our behalf- we own the data for anyone who attends etc but its licensed to them. As part of this anyone who signs up for the event can tick a box to receive further…
-
Unique Tax Reference-Self Assessment
I received a letter from HMRC recently requesting me to contact them regarding Self Assessment so I did...to my amazement they told me that according to their records, I had an incomplete tax return for 2009 and this incomplete tax return had accumulated fixed penalty charges going back 17 years with an outstanding amount…
-
Sole trader self assessment- accountant needed/
A bit of advice please . I am a soletrader selling online through ETSY and a couple of other selling sites . I pay an accountant £280 to check over all my spreadsheets , bank statements I have sent and then they submit it through self assessment . I sell mostly through etsy and keep a track of all the costs on a…
-
Investing in index fund
I have just under 200k, of my small limited company money, invested in an index fund that was set up by my IFA. My IFA deals with this, my pension, my house mortgage and several BTL mortgages. I've had my company draft accounts for the year and although the fund has increased a bit, the 'stockbrokers fees' listed in the…
-
Can i still be self employed with zero takings?
Hi, i am hoping to set up a business soon, it'll take some time to establish, at least a year, if not 2, in that time I expect it to turn over £0! It'll (unfortunately) have all the time/money expenses of a business though, and because of that and the fact I'm aiming to make money, can I still register as self employed?…
-
Closing business
Hi, I'm currently a self employed childminder and plan to close my business July 25 and have accepted a new job starting in September 25. In regards to my tax period from April until July does anyone know what happens regarding this? As wouldn't earn £12,751 for this period however will be earning above that starting…
-
King's Trust Enterprise Programme Experience
Hello everyone. I wanted to get some views from people who participated in the King's Trust enterprise programme from 2024-25. I've tried to get onto the programme twice now, but I've been rejected because I don't have the qualifications or experience required to run my business, even though my business doesn't require a…
-
Moving money from business to savings account [Merged]
Hi all Unsure if this is the right place to post please feel free to delete. I am classed as a soletrader - running a sidelone alongside my employed work. Have been running it since December and just letting the money accumulate in the bank not a lot but around 2k. Is there any reason I can’t move this money into a savings…
-
GP partner profit share renamed as locum income in end of year Limited Liability Company
GP partner profit share is taxed through a limited liability company, corporation and dividend tax paid. In the end of year Company Account summary, this income is entered as “locum income” in the schedule of reserves, rather than GP partner profit share. Why is this?
-
Who pays for EICR? Commercial Lease Office
Hi, I have a joint commercial lease with a colleague renting an office. The landlord arranged for an electrician to see the office the other week. Today, we receive an invoice to pay for the EICR. I cannot see anywhere in the lease where it states that tenants are liable. Please advise what to look out for in contract…
-
Judgment for Claimant Question
I am the claimant and a few weeks ago I was happy to receive a Judgment for
Claimant N30 letter due to the defendant not responding. I assume the
defendant received the exact same letter but unfortunately almost 1 month has
passed and yet the defendant is ignoring this judgment. I have WhatsApp'ed her (message shows as…
-
Need advice on selling my online business
Hi everyone, What can I do to sell my small online business (selling own digital product to clients). I just do not understand where I need to go and try to find serious buyers. The project is not big, I'm looking to sell for £xx,xxx. What's the easiest way to find buyers without brokers? Thanks for any tips.
-
Voa has 2 addresses land registry 1
I bought a commercial property in 2019 registered as one address 2 floors of the property are occupied and get business rate relief the 2 upstairs floors are almost derelict in 2022 our local council sent me a business rates bill for the derelict part of the property as it appeared to be under a separate address with the…
-
Directors Loan - Can i do this?
hi i have a small Ltd Co that basically provides a service to numerous clients. All the clients are invoiced on a weekly basis and i'm paid the same day the service is provided. Currently i pay myself from the business account every Friday and leave a portion of the weeks business income to cover tax etc at the end of the…
-
Delays in making product I've ordered and already paid for - what's the legal stance?
I've started a new business and found a company online to make my product. I'm getting frustrated at the ongoing delays to them making my order - here are the details: I paid for the order at the end of February, they sent a sample of the product a few weeks later so I could check quality etc. I made a few adjustments and…
-
New company, property purchase and VAT
We are buying a building that has opted into VAT. So VAT is being charged on the purchase price. We have applied to register for VAT. Everything I read says we can only claim quarterly (and I don't have registration so don't know the date) but the VAT element I'd too big to pay out and wait months, or even weeks really, to…
-
VAT Flat rate scheme - self assessment
Im looking at registering for Vat as I want to expand the business to sell more which will put me over the threshold to register, but will be under the 150k that allows me to use Flat rate scheme. If I register for flat rate scheme, I do a vat return every quarter for a percentage of turnover, I understand that. My reason…
-
Sole trader business/personal vehicle
Hi After a working lifetime on PAYE I'm taking a relatively early retirement later this year. From April 2026 I'll be going self-employed as a sole trader and I'm just trying now to mentally get some ducks in a row. I will be doing very local garden maintenance and lawn care. I can't fit a lawnmower, scarifier, strimmer,…
-
Limited company unpaid invoice
Hi I was working as a limited company consultant and dealing with a number of projects for engineering consultancy. My line manager asked me deal with a number of projects and getting progress for projects and asking me to complete the tasks and assigning me projects. I was managing my own hours but was billing client…
-
Left with a worthless franchise
I would like some advice please. I did my due dilligence and bought into an existing franchise which extolled itself as a leading company in the field and promoted the longevity of the company. I was introduced to a number of people to help obtain start up funds for a 5 year period. Initially, I was informed it would take…
