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Ltd Company now dissolved - received a backdated utility bill
I run a small business which started life as a sole trader then switched to a Ltd company and then back to a sole trader. I was the director of the Ltd company initially along with my wife, who then resigned as director leaving me as the sole director. I dissolved the ltd company back in 2020 as I felt it wasn't worth the…
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Nominee for a UK Registered Company
I wish to set up a UK Registered Company and I wish to have a "safe" nominee shown for the new business.Is there a safe and hopefully inexpensive way of doing so.I expect to dispense with the nominee within 12 months.
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U.K. Freelance invoicing U.S.
I've just done a couple of projects with a US company and about to invoice them. In total it's approx $5500. I was planning on invoicing them in dollars as the exchange rate is in my favour right now, but what kind of exchange rate fees could i be looking at (it's into my personal Halifax bank account) and what other…
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remove money from company bank account for interest
My husband and I are directors of our own Ltd company In the company bank account, there is a very big cash holding which we usually leave until March and then max out the pension contribution and take a dividend each. This money is earning 0% interest. Therefore could I theoretically remove the money that I won't need for…
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BT discount with Pension Credit
Hi My father is now in receipt of Pension Credit. We were advised about a possible discount that BT offers it's customers who are receiving Pension Credit, so we applied. However, they said that they're database didn't confirm he was in receipt of "Guaranteed Pension Credit", or something of that nature. But information…
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Have I done the right thing putting a lump sum into our pensions
End of tax year and I've just put a lump sum each into mine and husband's nest pension to reduce corporation tax. Now I'm concerned that I've not done the right thing with markets plummeting. Can anyone reassure me?
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Trading allowance and self assessment (employed)
helping a relative sort out a tax query, suspect it is straightforward we just can't find the answer... Employed all of 21/22 - also had about £1200 in payment from abroad for freelance work - added this as "income" in the online tax account and HMRC have amended the tax code for 22/23 to take 20% off. Now realise could…
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Business partnership
Sorry I could not find the right category for my question. But I do hope, if you cannot answer my query, to point me in the right direction. My problem is a bit complicated ... I have been in a partnership with a friend and his son in a care home business. Initially, it was the father and I - He had 66.5% an I had 33.5% -…
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VAT payments for kids clothes???
Afternoon all, Not sure if this is exactly the right sub to post in, but thought business owners in here might have the low down on VAT. This is more 'out of interest' as well, as opposed to trying to drop anyone in it. So I was on a large, reputable retailer's website just now (I won't name them, as they may be doing…
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Small gardening business - worried about the future.
I’m a self employed gardener, I have good regular customers and one off jobs. However, I’ve already started to see a decline in new work and some of my clients who were regularly fortnightly customers and now monthly. I’m worried sick about what next year will bring. Anyone else the same? Im currently earning enough to pay…
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Lost money - Payroll company Not responding
I am working as IT contractor under IR35 and payments made through payroll company. And in one of my payroll slip, they generate the wrong low figures and i am trying to followup with three months to their customer support, complaints email box and dropping the reminder every week and everytime when i called to cusotmer…
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Help! Sole trader switching to a Limited Company. Is it really tax efficient?
Hi all, I have been a sole trader for more than 5 years and my net income has been steadily increasing, and so has my tax. My net income will be around 30K this year with around 5500 for income tax and class 4 and 2 NIC (I have used an online tax calculator for self assessment) I have been advised to registered as a…
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Giving customers a quote in euros instead of pounds?
Wondering whether it’s time to start doing this, at the rate the pound is falling it will be below parity with euro and dollar possibly within weeks or even days.
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How to expand business to Europe
Hi,Ive had a business now for 3 years, I own all the copyrights and trademarks. I cant see this product sold in Europe and wondered how would I find franchieees or break into Europe. I can't sell the product the postage out weights the profit so I'd need someone in that country to sell. Also would a trademark registered in…
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Registered for Vat
I registered for a vat number and sent them proof that it said I needed too but it's been 4 weeks and I've not heard anything and can't find any number or email the see how my application is going is it usually this long?
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Sole Trader Advice Please
So I’m at the very start of my ‘sole trader’ journey. I have been selling a lot of my own personal second-hand items online for the last couple of months and recently started buying items to sell on too. So that has led to me registering with HMRC as a sole trader as I want to continue doing it. I only submitted it to HMRC…
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Starting Up
Hiya I'm not entirely sure where to start, whether this is the right place. I have an idea but that's all it is at the minute, it needs some development and probably someone to give a defo yay or nay to whether it would work. Would anyone be willing to give me their opinion?
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Business bank account
Hi I'm all set up for a business account just need a bank account who's best for my online business
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Tax/wages/dividend
Hi I'm setting up a new business am I right in thinking, If I take 14k pa in wages 12k in dividends I would pay roughly 1.5k in tax and NI and help would be appreciated.
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Energy prices for a business
Hi I've just received my price review from Smartest Energy and gas is going from 5.9p per KWh to 28.7p per KWh. Obviously this price increase is extremely shocking. I know the government have said they are going to help somehow next week but I wondered whether it was worth going for a fixed deal of 25p per KWh with EDF…
