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Money Moral Dilemma: Should I refund my friend for the personal training sessions she cancelled?
This week's MoneySaver who wants advice asks... I've qualified as a personal trainer and set up my own business. A close friend asked for eight sessions at mates' rates, so I booked her in at half-price, and she paid upfront. With three sessions to go, she said it was too much hassle for her to get to them, as she has to…
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How to calculate interest earned on savings for SA tax return
When declaring interest earned from a building society on a Self-Assessment Tax Return is the required method to calculate the interest manually on a 365 day basis over the tax year or is it a case of declaring when a payment of interest was actually made - for example, an account could have been opened in December 2022…
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Amazon Business Prime Duo.
Hi All, I have long used my personal Amazon Prime account for regular business purchases sent to a number of different client addresses so that I get the benefit of free Prime delivery, which I imagine they hate. The downside of for me is that I need VAT invoices and Amazon makes it as difficult as possible for me to get…
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Business bank account for self-published author with no international charges
I am a self-published author with KDP Amazon and have had to set up a publishing company to 'own' my book. This means I must have a business bank account linked to KDP. My book is available in several countries but when I sell a book internationally, I'm hit with a bank charge which takes all my profit (and more!) from the…
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To set aside default judgment in my favour
I am self employed and one of my clients owes me
money so I have issued a claim to the civil court against him In my N1 Claim Form I have indicated that I wanted
that the court send me back the Claim Form so that I serve it myself on the Defendant within four months according to CPR 6.4 (1) I did this because I wanted to…
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Selling digital products on Etsy.
I'm looking to sell laser cutter/engraver digital plans/instructions only on Etsy (no physical products). This will obviously give me a worldwide marketplace. This is what I envisage happening: 1. Customer will download my digital plans/instructions from Etsy. 2. Customer will load the digital plans in to their own laser…
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3 weeks without wrongly disconnected BT Business line
We're a small restaurant and BT customer for over 30 years. With 2 overdue bills, the line was permanently disconnected, without the correct procedure as per BT Business' Code of Practice being followed, ie there were no reminders, prior warnings, restrictions or suspensions. The day the number stopped receiving calls, I…
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Winding up a small limited company
My business partner and I have decided after 27 years running our small limited company (us and 1 employee) that business is getting gradually harder and harder for little or no reward, that we want to retire. The business is not saleable, relies pretty much purely on goodwill so it will be just a matter of closing it down…
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Lodger as A limited company
I work as a locum via a limited company and genuinely do half my shifts near my home and the other half near my parents in law 50 miles away. i do stay at my parents in law and give them money for general lodging etc for nights I do shifts there. could the limited company pay for these lodgings costs as the travel and…
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Can I list Etsy fees as my expenses?
Hello, I just started selling on Etsy. Made my first sale - realised all the fees I'll be paying. Which is fine. I have 2 options for my self-assessment. Which one is correct? Thank you for any advice. Will be much appreciated. 1) When it comes to doing my tax return, should I write my Etsy fees as expenses? And thus the…
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Best solentrader account for usd receipts cheque and transfer
Hi there I have just set up as a sole trader to do consultancy work in the US. I will be resident in the UK for tax. I need a business account that will accept usd. My colleague is a small company and wants to pay me by check however I fear this would be costly for me wrt fees and a poor exchange rate . Can anyone advise a…
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Retrospective PAYE Submission?
Hi there, I have a weird question and hope someone has some clue. I have an ongoing legal battle going on at the moment, both sides need access to my HMRC records from 2021. I gave permission for these to be released and my solicitor has come back and said there are none available. My ex-husband and I ran a business, was…
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Is Sole Trader my best option?
Hi, I am hoping you can point me in the right direction.A charity has asked me to set up and run a comprehensive training course on a fixed term contract. They will be paying me around £20k to create it, spread over the year. I will work from home with most meetings being remote. I am not expecting any follow on work…
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Self assessment query: Class 2 NICs and interest earned on savings.
I’m doing a self assessment for 23-24 and I’m looking for
clarification with the following. It’s not big income, just 1800.00 after expenses. The box is ticked to pay Class 2 NICs which should be
179.40. 'Interest received from UK banks and building societies' comes
to a figure of 116.00 When I get to the 'View your…
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Charging for freelance work
Hi, A Management Consultant I'm not entirely familiar with who works for a company I worked for recently got in touch with me asking me to do some ad hoc freelance work to analyse some data as the client he is working for who has great attention to detail has discovered inaccuracies with his analysis. I agreed with the…
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ANyone know any places cheap internation shipping by sea?
Got stock in USA need back to UK.12 boxes 10kg each.At moment its £600 by air but it wont let me send by sea.I cant find anywhere by sea. Anyone know anywhere or good places.
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Ltd Company Car Lease
After some advice on a car lease, please. I am currently paying my car lease as a personal lease. I am looking at moving to a full EV, and would like some thoughts, please. P11D Value - £49,725 BIK £995 going up to £1,989 26/27 Monthly lease costs of £475 Current pay is £50,270 Net profit circa £100k I like the idea of not…
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Same name, but without Ltd?
Hi, Everyone was so helpful on my last post, I was hoping to ask another question. As my Ltd company has been struck off, can I use the same name as a sole trader but omitting the Ltd. So instead of Sticky Stuff Ltd, could I use Sticky Stuff (made up name btw) What are the rules surrounding this? Can you even use Ltd if it…
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TikTok account
Just wanted to do some research about a website called Tik Accounts. Has anyone heard or dealt with them? They basically offer creator accounts with 10,000 followers for a fee.
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Backdating business rates + council tax bands
We have a separate building in our garden which was legally an annex to the main residential dwelling. This annex was actually let out as a full-time, furnished holiday let since August 2013. In August 2023 we applied to regularize it with a certificate of lawful development, which was finally granted in June 2024. The…