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National insurance
How long after the end of a tax year does it take for National insurance to show up on an employee’s tax record when they are credited due to being over the LeL and under the primary threshold? As far as I know they are credited automatically in those cases but I’m just wondering if there’s anything I have to do as an…
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Side hustle profit below £1k
I have a private pension below £12570 and I do exam prep tuition in the spring term which profits less than £1k a year so have never filed a self assessment. Am I right in thinking that as both are below the threshold for tax that I don’t pay OR are they added together and therefore need to submit a self assessment asap…
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Death of a director, passing to surviving director (spouse)
My husband and I are joint directors of our Ltd company. I am the person with significant control Sadly my husband has just been diagnosed with cancer I always assumed the surviving director automatically carried on running the company, but it seems to be a bit more complicated than that We have wills leaving everything we…
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UK - Closing Down a Limited Company
My brother and I have a limited company in the UK we wish to shut down as cheaply and easily as possible. The company has had no income for years. We still need to file our April 2024 to March 2025 accounts (which again is zero income). We have some old colour printed boxes (of a product that failed to sell) that were on…
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Capital Introduced on sole trader accounts help
Hi All, I've started out a new venture hiring out a Land Rover Defender with tent box. I've discovered since it is trading that I can offset losses against my PAYE. I have engaged an accountant who hadn't heard of this but confirmed it and they sent me a spreadsheet through to put my expenses down. Now in the tax year…
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Making tax digital for gig economy workers?
I get all my income from working on online platforms and am worried about being forced into MTD if I cross the £30,000 threshold in 2025-26 tax year. I've looked at MTD software but it doesn't seem designed for people like me. My process is to log onto a platform, choose work I want to do, and get paid via PayPal in USD at…
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Final business tax return
Apologies if this is in the wrong section. My wife and I are closing our partnership business at the end of this financial year and so i will be submitting the final tax return. Is there anything i need to inform them of on the return other than closing date of the business? I don't want them sending another form for the…
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Move business to Australia or keep in UK?
Hi, My partner and I set up a business (partnership- not a company) late last year and then moved to Australia in January 2025. I am a British citizen and have gained permanent residency here in Oz; my partner is Australian and British citizen- born and raised in Australia but lived in Uk for previous 10+ years. We are…
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Having a ltd company but want to work as a sole trader
Hi all, I'm moving into freelance consultancy in April. A while ago I set up a limited company with a dormant status, mainly to secure a good name. As it's my first year I don't want to get too bogged down in the accountancy stuff if possible. My question is could I keep the company dormant and use the name as a sole…
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Can anyone advise!
I am unable to work due to chronic pain and at present I am receiving PIP and I also get my NI contributions paid by DWP. I do not claim any unemployment or UC from them. Since becoming ill I've only had employment where it's part time, so there for have not earned enough to pay stamp. I have several years owing and can…
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Auction Company Refused to Give Refund for For Vehicle Not provided
Hello All I have a small company in Scotland and we bought a vehicle from a auction company in England (not Ebay). Initially we bid on one vehicle them moved to another as the reserve was not met. The first vehicle had its reserved dropped last minute and I won the second. We had a small set to as I argued I the last…
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Claiming for money owed in Scotish Courts
Looking for some advice as I have started a claim against a client who had refused to pay for some work carried out. I thought that the court would contact me by email or post after I had started the process online. After a while having not received anything I have gone online and logged in to find that the matter had been…
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Setting Myself up as Self Employed - First Time!
Hi Everyone, I'm looking for some advice. I have 2 big changes coming up in the next 5-6 weeks both of which are pretty scary but exciting at the same time. 1. I'm changing careers. I'm going into healthcare in which the area I work in everyone is generally self employed. Since leaving University the first time I've been…
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Trademark denied for counter descriptive words.
Trying to get a trademark called "Yum or Yuck" and received this. Names are both readily understood dictionary defined words. As aresult, it is considered that the average consumer, when met with the sign on sweet and candy goods, would perceive the sign as nothing more than an origin neutral statement informing the…
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Looking to set up a separate business whilst in employment
I am currently semi-retired and working for a company 3 days per week. However, I am looking to run a holiday let but as a business rather than adding it as income to my current tax. Is this possible? Where do I start?
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Terminating Consultancy Agreement with my client due to breach of signed terms
Hi Everyone, I am currently working as a Sole Trader with a client who I am offering consultancy services to as a contractor, We have a signed agreement that states I will have autonomy over my working days, hours and methods, however the client is essentially treating me like an employee, telling me when to be in the…
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Claims for Hotels and equipment?
This is maybe the daftest question ever on here, but bear with me please. As a self employed person can I claim back the WHOLE of my hotel bill (while working away), plus the WHOLE amounts of any work wear and tools? If you Google these questions, it says yes you can claim the tax back. But what exactly does this mean?…
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Self Assessment for Sole Trader
Hi, My wife will shortly be embarking on a new career as a sole trader. She already completes self-assessment as she rents out a property. Looking at the HMRC website, it is not clear whether she will need to register for a second self-assessment account for her work, or whether she can use the account she currently has…
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What type of company should I form?
I'm starting a side hustle running advertising on a website - would a limited company or sole trader be the best company to setup (will be well below the VAT threshold)
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Start up grants
Hello, I am seeking some advice for my daughter. She will soon be a qualified dog groomer and wants to set up her business and work from home. Permission has been granted as we will have a purpose built summer house to work from. As this is a start up and she will be 20 when qualified what business grants could she apply…
