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Business account that can take US dollar cheques?
Help, a US company that we did some work for has finally paid us... by sending a US dollar cheque through the post. Our business bank account is Transferwise, which is great for foreign currencies but refuses point blank to accept a cheque. It's made out to the company name, so I assume we can't cash into one of our…
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Staying under the VAT threshold
If I were to run a business from a shop and also operate another online business from the same property would the turnover from both of these be added together or are they separate? Both businesses would be completely different and I am currently a self-employed sole trader. The point I am trying to make is can I have two…
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Euro (ROI) bankers draft
I’ve got a small business which has entirely been UK based until now. I’ve just done a bit of work for a client in the Republic of Ireland and they have very kindly paid my invoice- not through bank transfer as requested- but as a bankers draft issued by AIB in Euros. This arrived in the post this morning. I’ve got a…
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Moving abroad - income in the UK from a business - taxation UK or Foreign?
Hi all - I am moving abroad (tomorrow) and starting a job in Switzerland on Monday. Little fun fact: I have not met a single person from the company, all interviews were on the phone and video chat. The company I will be working for is quarantining me when I land so I will be WFH at a new job where I never met anyone in…
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Has anyone else had problems with Yell/ Yell.com? Going to court?
Hello, I've searched the forums but I can't find anything that relates to my specific problem. I took out a "good" package with Yell last November that was supposed to include a new website, Google SEO, Yell mediumweight ad and Netreach (eg Facebook ads +) From the start there were problems and no matter how hard I tried I…
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New Online Business - Good time to start?
Hi All, I was planning to create a new online store prior to the Coronavirus outbreak, selling my craftwork and also buying in other products from suppliers to sell on (all around my love of fairies!) Since the outbreak I have put everything on hold. I have refrained from buying from suppliers or even launching my website…
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Startup E-commerce Business
For reference, I have registered with HMRC companies house as an e-commerce company and intend to trade online with Amazon, ebay, etc. I'm at the next step of opening a bank account. Does anybody have experience with opening a business account with Starling bank? I keep getting asked to provide the same information over…
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Starting a company during Covid-19
Hi All Wondering if anyone has recently launched a new business during Covid-19 and where you've drawn support, info and guidance from? I've naturally looked at HMRC/Gov websites and companies house but looking for opinions based on actual experience as well. I've been freelance for some time but now have a few new clients…
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Stopping Self Employment & Tax Bill?
I originally posted this in the wrong place (I think)...: I'm self employed but am considering stopping at the end of this tax year (05/04/2021) to become employed. Please can someone explain to me what tax I will owe via self-assessment and when it will be due? I'm assuming that I will need to fill out a tax return after…
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Looking for an app that will allow me to calculate employee expenses easily
Hi all, I have a property maintenance business, running for the last year. To date, any expenses incurred by my 'employees' (technically they're all self employed) they gather the receipts for, then give them to me on a fortnightly basis, along with a handwritten breakdown of them. I tot these up and pay them to the…
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New commercial lease
I have had an offer of a 5 year lease on an office space accepted. There has been 2 conditions back which I am slightly cautious about. 1 - The lease will be full repairing and insuring. 2 - The lease will say no sub-letting. I have spoken with the estate agent about both points and he has said the first will be a…
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Rent Request Problem
Hi I am a self employed beauty therapist and rent a room from someone else who runs another business from the premises. I haven't been working since March 23rd and so have had no income since then, although have had some money from the government through the self employed scheme to pay bills etc. The business that I rent…
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Business rates linked to another company
Hi I've recently gone into business with a partner and just received a business rates bill for our premises. He has another business which I have nothing to do with but they've linked the rates Bill's. They have similar names but can I appeal the decision... surely I shouldn't be paying rates on my company because of my…
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Remain as Sole traders or register as Partnership
Hi all, myself and my brother-in-law both work together, self employed as window cleaners. We both decided to work together from the beginning and we both came up with our business' name. We have a van with the business name on the side and have matching apparel with the business name on. However, we have both,…
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12 Month Battle Won against DPD courier network
As a small business owner I contested surcharges that were applied to our account by the Courier Network DPD. From March 2019 surcharges of £18.00 per parcel were added to shipments that they considered ugly!!!! Invoices were not paid as I contested the charges amounting to over £500. DPD embarked upon an aggressive…
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Gift Aid Small Donations Scheme
As you know, churches have been closed for a few months and
it isn’t certain whey they will reopen. Due to this, probably, people will be retaining tithes for
future donation. However, some people may wish to donate to their church by
way of bank transfer. Provided weekly donations are £30 or below, do these
donations, by…
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A3 +A5 Use Class or A3 will suffice
Hi All , Hope you are well and keeping safe in this unprecedented time . Hope you can help me with below Query ? We are planning to open a Pizza store. Our Proposed business model: * 35% Dine-in * 20% Take-away by customers * 25% External delivery service (such as Deliveroo, Just-eat, etc..) * 20% delivery by our own…
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Insurance for Graphic Design
I’ve been asked for use of some of my drawings but also a possible illustration set and also got a few other queries for little pieces here and there so I’ve decided to set up as a business so I can take payment. however, can I get some information as to what insurances I’m going to need. I know I need Public Liability as…
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Company house company filing late
A company has filed company statement later and previously accounts late. What action does company house take. What is the reason for a company to file late? Is it a warning sign? Thanks.
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Charges for terminals
How can card terminal companies justify paying a monthly fee for a terminal that is sitting in a lockdown business of absolute no use to any one. The one we have is not fit for purpose even before lockdown but they were asking for huge cancellation fees. Now it is of absolute no use and I am still having to pay for the…