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Zettle - terminal or own smart phone
We've recently bought a zettle card reader and dock but did not take the option of the 'terminal' which appears to be basically a smartphone. I can get a sim-free smart phone for much less than the zettle terminal - anyone with any experience of using Zettle got any thoughts on this? I'd rather not use my personal phone.
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Sole Trader giving leasehold business assets away to a Limited Company
Hi, my partner has had no luck with selling his business. To save him the trouble of folding it, he has offered it for free (including all assets) to another business owner, in the same field. I believe this owner is a limited company, owning one business already. The lease can easily be re-assigned by the lessor, the…
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Company demanding money from us
Long story short, a recruitment company approached us a few months ago and offered to send us suitable candidates for a vacancy we had. They assured us they had approx 20 candidates on their "green light." This meant they were current and actively seeking employment. I was a bit skeptical but signed up on that basis. They…
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diversifying small business to save corporation tax
Hi, Wondering if i had two small businesses such as joinery and sandwich van, could they be ran under the same business and the profit from one go to buying stock materials for the other? cheers, Chipper
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receiving money in USD (Which is the best business account)
Hi which business account would be the best (cost-effective) for receiving funds of about $1300 a month I have been looking at these new accounts I,e, Revolt, Wise or Cash Plus. any help would be greatly appreciated
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SELF ASSESSMENT & CAPITAL ALLOWANCES
Hello. I deal with my husbands accounts. 11 years ago he became a self employed window fitter, who sub-contracts, and 6 months into being self employed he bought a new van. At that time we had Accountants doing his yearly accounts. I used to prepare all the details, they checked & submitted his tax return - they obviously…
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Providing services to a company in administration
A client is 20k+ in arrears for a number of services I provide them and have just gone into administration. Ive turned off all but one service so I'm not spending good money over bad. these services are internet connectivity and cloud/email services. left them with email (low cost). The administrator is threatening me with…
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Payment on account -self employed
I’m a self employed handyman/ gardener my previous earnings have been around 7/8k per year meaning I have no tax to pay but I have volunteered to pay national insurance every year. I have grown my little business slightly this last tax year (April 21 to April 22) and have made a annual pre tax income of just over 13k.…
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PAYE income tax query.
I am just about to complete my online self assessment for 21/22 tax year. So as usual, I have logged into my government gateway and I noticed a ‘latest news and updates’ box and a section saying to ‘view and print your PAYE income tax history’ I clicked onto it and it’s shows the years up until 2017. This is when I became…
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Unincorporated or limited
Hi, my friends and I want to set up our own association, approx 30 of us. We have written a constitution and agreed a membership fee to cover public liability insurance cost and club merchandise. Is it better to run as an unincorporated association or to run as a limited company. One member who has his own business wants…
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Running a CL caravan site
Previous house owner was running a CL caravan site, I'm going to continue running it and have already obtained the relevant certificates, insurance etc but have yet to start taking bookings. I'm having trouble finding helpful information so any info appreciated. Do I have to register with HMRC as a business/sole trader?…
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New business - Can I borrow money from personal Savings account as a loan
Hi all, I wish to set up a business but use my personal funds to fund the start up, however, I would like the funds to be paid back as a loan and be used as an expense is this possible? Many thanks
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Employing your own child as an apprentice
Is it possible to employ my child who is 17 and studying A'levels into an apprenticeship scheme within my own limited company? I cant find any such restriction preventing this. I just want to give my child a good start into the professional life and her studies match my company work too. Many thanks in advance.
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Company accounts question.
Hi everyone, So i wrote a small book project and set up a private limited company years ago, which remained dormant. I started to trade this year and made £35 with little no expenses. Its just me as a director and no employees. Normally i do my own tax returns and have done the dormant accounts. However, now ive made a…
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Goods delivered tracked and confirmed as described but chargeback still open
Am a long standing PayPal account holder and have had no major issues. However I sold a laptop and due to a mix up in the website platform hosting system the order wasnt pushed through to me in time. This delayed the order shipping and so the buyer rightfully contacted us, to which we offered a full refund or if the buyer…
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self assessment self employed loan
Daughter is running a small business livery yard with very little profit. I have given her a couple of loans. Does she have to declare this on her self assessment form? Thanks
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Help- Personal details public via Companies House…
Hello. I’m looking for some advice. My husband set up a small business which has not been taking any income in the last year (due to not running). However, his personal details including date of birth and home address are all available online via Companies House. This is visible when doing a simple google search for the…
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New Online Payment- Selecting 'Personal account', for an actual business account? What happens?
When Paying an somebody on a new internet transaction, and then you set up their name, sort code, acc number you select their account as business or personal, If their account to be paid is actually a business account but you select personal, and pay then what happens? (so you make your payment to them, but have selected…
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Can I leave a contract if I am dissatisfied with the service?
I have a catering business and we originally signed a contract with one company face to face with an advisor and she had told us that there would be no weight limit even though it stated a weight limit on the contract (their vans didn’t weigh the bins) and everything was fine with them. However, their company was bought by…
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Setting up as a sole trader, but need some unique advice...
Around April 2021, I started e-commerce, and can confidently say I haven't made the £1,000 profit that HMRC likes to know about to then tax, technically I have made a loss since April 2021 (This was due studying for exams so this was on and off, but there is consistency on expenses, small profit etc) My main question is,…
