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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…
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Security deposit for holiday stay
We run a Ltd Co that does holiday rentals on the Welsh coast (two apartments)We use an agent to get most of the bookings and up to now, they have dealt with the security deposits. Customer phones, gives card details for pre-authorisation (?) and agent gives them key details.Last year agent took £100, then paid it back…
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Charity 'Gift Aid' by phone.
Hi all.Had an interesting call from an organisation I had subscribed to for a year (the RHS - I needed their specific help with a specific issue. I'm not a gardening dude...) They asked if I'd like to Gift Aid my annual subscription, which I was obviously happy enough to do. The thing was, all I had to do was say a verbal…
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MTD making tax digital sole trader
Hi, I know that VAT registered businesses with a turnover of 85k have to be using MTD. But now were in 2022, what about sole traders not VAT registered with a turnover of less that 85k or any other cap?When (if at all) will every business have to use MTD in the coming years?Does anyone have a good link for clear…
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Self employed or employed
Hi Myself and another partner are setting up a company do we go as employed or should it be self employed. Also how do we pay the tax and national insurance. Regards
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What's a dormant company?
I was checking an accountant's credentials before I sign up with them. The firm is medium sized. The accountant that had been recommended to me is experience; he's got a personal company as well as his day job but it's listed on Companies House as dormant. He's recently filed confirmation paperwork to Companies House…
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I'm self employed earning £300 a week...
I'm a self employed gardener and on average I earn around £300 per week. I'm trying to build up a bigger clientele but at £300 per week I only work average 3/ 4 hours a day so.i have room to earn more. I'm struggling to build it.up at the moment especially gaining regular customers. My question is really, should I give up?…
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Experience in running two limited companies?
Hi folks, I've just recently taken the leap and setup a business as a limited company which I'm director and the sole employee of, I'm also looking at setting up another business which will start trading early next year. Not a million miles apart in terms of the industry they're in but very different brandings and target…
