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Sole Trader - Invoices
Hi everyone I have recently started my own business, I get my customers through social media. Its a party accessories business and customers tell me what they want to hire via the messaging systems on facebook etc. At the moment all terms are discussed like this then I ask for them to pay via bank transfer. The amounts are…
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Collecting direct debits - software recommendations welcome!
I'd like to make it easier for my business to collect direct debits. At the moment, this is a manual and timely process which just isn't practical as the business is growing (not that I'm complaining!) but it's definitely time to invest in some software. I've heard great things about Interbacs DDMS, but open to your…
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Tax Return for Sole Trader Off Sick
Hello I set up my own business in 2018 but since end 2019 I have been claiming ESA due to breast cancer and subsequent treatment. Im still unable to work. I cant see any relevant advice on DWP/HMRC websites about completing a tax return in my circumstances so I wondered if anyone had been in a similar situation and how…
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Business Credit Report
I'm self employed and have a couple of bank accounts open under my business name, these accounts don't show up on my personal credit report. Is there a credit agency that offers a business report? this is more to do with security reasons as with my personal credit report i can keep tabs on searches and such and in the…
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money saving
What small change for a company resulted in the most money saved?
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Free Quote Gberator for business?
I run a small business and some of my suppliers have recently sent me quotes with a button Inviting Me to "Accept Quote" and pay. I would like to introduce this as it seems a very neat way of encouraging customers to pay upfront. Does anyone have any recommendations for apps/websites that can do this, preferably free ones?
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Simple question about nominal share capital
Hi, This is a very naïve question - I am researching a historic company which was started with £10,000 nominal share capital. Does this mean that the company actually had £10,000 of capital or that they simply issued this many shares to the owner without any payment? Or is it not actually clear from this if either is the…
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Card processing fees
We are currently with Barclaycard taking £10-£11k a monthWe would like to get our fees down and see who has good deals but also good providerThank you
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Esty no refund policy, isnt that against the law?
I just bought something off esty and its the wrong size, I asked the seller to return the item and they said no. I thought consumer rights have upto 30 days to return anything, an when looking at the policy it says esty only refunds if item isnt delivered.Consumer Rights Act 2015 and the Consumer Contracts Regulations Isnt…
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business to business direct debt
Hi I want to know what happens if there was recurring payment where the service has been cancelled (given notice of termination) and has been acknowledged, but direct debit was left in place and the supplier has collected the payments since that time. I know standing orders are sent from my end so it's my responsibility,…
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The courts claim they didn't get our email.. CCJ
Hi guys A customer claimed against us under the grounds an item we had sold was not fit for purpose. We put together an extremely thorough and well organised defence and followed all the instructions to submit it to the County Court, following all the instruction we had. 30 days goes by and we receive a letter stating that…
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Self employed need advice
Hi all Looking for some advice as to whether my earnings are good or not. I'm a self employed gardener and struggling to find any more at the moment. I'm earning on average £300 per week on a roughly 16hr week. Is this a decent wage nowadays? I'm so out of touch with what is good or not. I have savings of 25k+, I pay ni…
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Company dissolved but money in account
Hi, I dissolved by LTD company a few months ago, and stupidly didn't close the bank account, HMRC refunded money owing to me into the business account. When I tried to access it, it is now frozen with the money going to the treasury. I feel so stupid for not transferring the money before and closing the account myself. Is…
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UTR code and self-employment
Hi, I am currently having a tug of war with HMRC to obtain a UTR code for my online business. I trade on eBay, so after a few weeks of (successfully) running the shop since 16th Sept, they asked me for verification of the business in the form of the UTR code. They set me a deadline of 7th Nov, so I phoned HMRC. I was told…
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Sole Trader - Business Account Software
My husband is a self employed sub contractor. We send 1 to 2 invoices a week at most. I am the company accountant and I have used excel spreadsheets to do the accounts for the last 10 years - its me that also submits the January SA online too - he is not VAT registered & unlikely to ever be VAT registered. I am fully aware…
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Landlord tax return - unused residential finance costs brought forward
Trying to help a friend out who has asked me about residential property finance costs, mainly reference unused costs brought forward. I've figured out the following but wanted to double check I've got it right! Since the finance tax relief has been phased out over the past couple of years I have entered the set percentage…
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Ebook Based Site
Hello, I am very interested in how popular for instance digital products are getting for instance such as the Amazon Kindle and viewing books digitally. I kindly wanted to have a go at starting a small eBook site. Can i kindly please ask what platform would be the best to use for this? How would i kindly go about trying to…
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When does a hobby turn into a business?
A few years ago as a young lad at Uni, I developed a knack for a fairly specialist skill which I tended to do for friends for a crate of beer. Until recently, I hadn't thought much about it, but after helping someone recently I've all of a sudden been getting a lot of people asking if I would consider doing it as a paid…
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Business Loans
Hi, I hope I am posting this in the right section - apologies if not. I'm starting up a limited company virtually imminently due to my current employer winding the business down, and offering me a package to take some clients/computers/other stuff to help get me started. I've wanted to work for myself since starting work,…
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Freelancer: Client closing down and not paying me.
I'm a freelance creative and this summer I got approached by a client (I won't go into details but it's a known brand) for promotional video for socials. After a few back and forth discussing the ideas and budget we agreed on style and cost - so I was ready to get to work. I follow their requirements and execute the video…
