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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…
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Business bank account with low foreign currency fees?
I'm starting a new business which requires me to make regular purchases in non UK sterling currency. As I understand it, I can't really use personal bank accounts and credit cards for the business as I need to open up specific ones intended for business. It seems to be relatively easy to find personal credit cards/bank…
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Self employed
hi , just wondering how many people is in my situation, because I used my drawdown sipp to expand my business,so over fifty percent of my income not from self employed income which means I’m not entitled to any grants or able to apply for bounce back loan as I don’t meet gov criteria. Seems very unfair there is no help and…
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Government Grant Claim for Self Employed
Congratulations to whoever set this up. My wife is self employed and hasn't worked since lockdown. Just gone through the registration and claim process this morning. Took about 10 minutes including logging in to Gov gateway and will receive her grant (exactly what we'd worked out) in her bank account in 6 days. Amazing!
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do i need to fill in a tax return?
Hi hopefully Im in the correct category, years back i was self employed and started up my own online business selling clothing products , I stopped trading about 5 years ago as it was not making me any money, and i had loads of stock left over. I then just got a regular job as an employee. A friend of mine started their…
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Exchange rate rip off?
I feel like my bank is ripping me off! I just received payment in Euros from a Dutch client and noticed the Sterling amount was a lot lower than I was expecting. I checked Euro/Sterling exchanges rates for the date in question being advertised by other organisations (Bank of England, Mastercard, etc.) and they all seemed…
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Paypal limiting accounts with no valid reason or appeal process
We have been in business for around 16 years, selling vintage and retro clothing and accessories. Back in 2004, we launched the business online, selling through eBay and also via our own website. Over the years the business has gradually grown and in 2012 we opened a bricks and mortar shop in our hometown of Darwen,…
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Finding an investor
Hi I'm looking at opening a business and looking for an investor is there a Web site for such a thing? Thanks
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Client wishing to change date but not paying
Looking for some advice - I have a client who has ordered something bespoke and which is perishable unless carefully temperature stored. They have now asked to change the delivery date to next year. I have said that the order was for the item and delivery on a set date - to change the date we would need the full balance…
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Lease renewal
Our landlord has sadly died from covid and within the next two months our 12 month lease is due for renewal. His will is not straight forward and I believe things will not be sorted at by the time we come to renew our lease. My question is who is responsible regarding the lease renewal e.g length costs and terms .( is this…
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Should i apply for tax registration myself and how to do it?
Hi All, I started my own company in March 2019 and I haven't applied for tax registration yet, how should I do this and since my accountant is in lockdown I feel as I should do it now, please advise and thanks in advance
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Gross or net?
I know this is really simple but I work part time and have a small craft business working from home. Not been going long and most of my profits wiped out by expenses. So, say I have taken £2800 in orders and have £1900 in set up costs , etc meaning I have only made a profit of £900. Do I have to declare this as the money…
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Help please. self employment?
Please can I have some advice, please no negativity as I am feeling really anxious about everything at the moment and I just want to get things straight I bought my house, moved out into my boyfriends home, so I rent my house out. My bf is self employed and I started to help him with admin work, he started to pay me…
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Corporate Investment (technical tax question)
Hi When a company makes a corporate investment into funds, the dividends received are free from corporation tax. However, what happens when the fund is an Accumulation unit where no distributions are made? Thanks
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Business Expenses - Keeping a record of expensable monthly bills
Hello, I'm new to the self-employment world (recently registered as Sole Trader) and am currently trying to practice good habits in regards to bookkeeping from the get-go to avoid a meltdown come January. I'd like to know how I keep a record my monthly Website Hosting fee so I can expense it for my tax returns. 1-I'm…
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Recommendations for a shredder. Looking at the Rexel Auto+ range
Hi all, i’m looking for a shredder for my home office and came across the Rexel Auto+ range. Does anybody have any experience of using these or can they recommend an alternative. I like the fact that this range has a‘ flatbed‘ shredder function. Does anyone know of any others that have similar? thanks, R.
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PO Box for Charity Address?
I am the Treasurer of a Scottish charity that deals (mainly) with schools and Local Authorities. We refresh our Chair, Secretary and Treasurer every 4-6 years.The charity does not have a physical home. Hence, when billing organistaions, we usually use the Treasurer's address (which is where the bank accounts are registered…
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Can't talk to anyone at Lloyds Business bank about card declined
Hi all, In short, I have a business bank account with Lloyds. For some reason they have decided to do one of their security measures and stopped the card being used online for payments of goods until I phone them about it and get the restriction off the account. I need to purchases a few things for the company and I'm not…
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GMail / GSuite email reject small business emails and provides not help but causes damage
As a small UK business we run online international software with several users signing up to our service from GMail or from email powered by GSuite, the Google email service provided to run email on their server on behalf of your website/business. We have described how GMail decided to ban/reject emails from our website…