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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…
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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…
