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Tax treatment when buying a new zero emission car within a business partnership
I'm trying to get my head around the tax rules for the above. I will be buying a zero emission electric car that will be used for both business and personal use. It will probably be purchased outright, so registered in my name, but could possibly be bought on a business lease. I am in a business partnership with my wife,…
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Paypal and small biz for brother abroad
Hi there, Hope I've got the right board. My husband's brother, who lives in Amman, Jordan, wants to start an online software business from his home. He doesn't have a bank account in Jordan therefore my husband wonders if he can use his UK bank account to set up a paypal account for his brother, to receive any payments.…
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Request of VAT supplement from a purchase of goods from China - is it legit?
Hi,A couple of months ago I made a business purchase from a Chinese supplier - it was electronics goods. It was around £15. The goods arrived and I was happy with it. Yesterday they sent me an email asking me to pay a supplement for VAT. I'd like to understand whether that is something I'd have to do. Here is their email…
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Seiss claim near retirement !
Rules for claiments mention that one will intend to continue being self employed . How long after 5th claim (Sept), do I need to continue running my business to stay within the rules ? Anyone please ??
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'Simple' Excel spreadsheet - date next due
Hello I would like to create a spreadsheet to organise my work round. Column 1 would be date last actioned, column 2 would be 'frequency' ie 4 weeks, 6 weeks, 2 months, 3 months and column 3 would be 'Date next due'. In the frequency column I have created 'drop down lists to chose one of the interval options. Can someone…
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TRANSFER WISE
I have used Transfer Wise very successfully I know the.name.to WISE I am sending s small amount of money.for a giftWhat do I need to do nowMoney UK.to.USA Many.thanks Sue
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Transfer Wise advice
HelloI have used Transfer Wise to send money to my brother in the US successful. I know there is now a new Title WISEIS there.any change of the transfer of a gift to a relative ? I still have bank account stored on my laptop from when I want to pay bills or to grand children etc Many thanks Sue
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Mileage Tracking
Hi there, I am self-employed and in the last two months, I have been tracking my mileage with Quickbooks. Currently, at the end of each month, I
view the total mileage cost for the month and transfer the money to my personal
account. I am wondering if I am I doing this correctly? If so, should
I be claiming this as an…
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What are some good money saving tips for a couple expecting their first child?
What are some good money saving tips for a couple expecting their first child?
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Question about £12k tax free, taking out then £1k a month
company accounts are OCT-OCT, took out £12k.Claimed HMRC paye for the £12k. But if I take out £1k a month from NOV -NOV. Can I write down the £12k tax free on the next April period? Or do I have to wait until the start of april to start taking £1k a month as a salary.
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Accountant was purchases, what are counted as purchases?
Hi,Im sending my accounts to the accountant and he was sale, purchases, expenses.At first I thought expenses and purchases are the same. Im guessing purchases is like a car. But what else is under purchases? Cant find examples online link to UK tax. Is a computer, usb cable, printer, tables, boxes purchases?
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Importing goods into the UK from China
Hi, im thinking about importing some pet accessories into the uk from China. What I’m a little unsure about is what paperwork do I need to insure my goods get through customs smoothly. I know I’ll need to pay 20% vat and 2% import tax and need an EORI code. But apart from that I’m a little confused. I've rung hmrc twice…
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Failing Business.
Apologies if this has been spoken about, I can't seem to find anybody in my situation and would appreciate some advice. I've been advised to post this here. I'm a director of a struggling, small, ltd construction company, est. 5 years, vat registered and currently owing around 45k in bounce back loans. Due to rising costs,…
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Is an Office holder eligible for benefits?
If a LTD company registered director does not actually perform any duties and is not on the payroll and is therefore classed as an Office Holder, are they eligible for benefits such as company cars? From HMRC website: Director Company directors run limited companies on behalf of shareholders. Directors have different…
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Offering consumer finance
Hi All, I run a small kitchen and bathroom Design, supply and installation company turnover circa £150/ 200k. I want to be able to offer finance to potential customers and hopefully turn more leads into jobs. Is there any companies out there that don't charge a monthly fee for my company to be able to offer finance or the…
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Use of van between 2 companies - VAT and non-VAT registered
Hi everyone, I have a fairly complicated and uncommon question I hope I could get answered: I have 2 ltd businesses. One is VAT registered, the other is not. I plan on purchasing a van, and was going to purchase it through the VAT registered business. I was hoping to use the van for both businesses, of equitable amounts.…
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Renting a PO Box?
I want to rent a PO Box because a physical postal address is required for email marketing and I've heard that using a PO Box is an option. However, so far all the PO Box services I've seen require a driving licence or passport which I don't have. Are there any PO Box services in the UK that don't require this?
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Just noticed I'm not paying class 2 NIC's, confused...
Hi all, I've just submitted my self assessment online and noticed something strange. In my final calculation I've noticed I'm not paying any class 2 NIC's, not a penny. I've looked through my previous two self assessments and I've noticed the same thing. In each of these years I've earned at least £18,000 in profit so am I…
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Best software to file partnership tax return online
Can anyone recommend? Seems I made an error on the paper return and now the paper deadline has passed I have to do it through commercial software. Have looked at Andica which from the demo looks quite straightforward, but wondered if anyone could give an opinion? I only fill in the short form so it's literally just a…
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Can't delete my info as director on companies house, how can I alter it ?
Apparently I can't delete my info off the director info on companies house. I logged in and it enabled me to change my name, address etc but not my date of birth, how do I delete or change date of birth? I think it's awful that your personal info is on the web and you have to go to court to get it removed. What if someone…
