-
Business Rate for residential property
Hello, I would like to seek for some helps as I do not know where to get some helps. I have been running a small business from home in army barrack for about 2 years (limited company, VAT registered, hired army wives from time to time as part timers to run business) but as business had gone bigger I searched for an office…
-
small limited business run from home
My limited company has been trading for 20 years. I am the Director and have no other employed staff. We provide online marina guides for yachtsmen and visitors to various harbours and marinas in the UK and Europe. Our revinue comes from businesses that advertise on our guides. Mainly restaurants, bars, shops, marine…
-
Stationer Insurance Advice
could I ask any wedding/invitation stationers what public liability covers you take out. im handmade but also digital - printing from home, working from home, occasional outsourcing to other printers for higher end products - working from home and occasional house visits for consultations but now I’m looking into starting…
-
Registering for self assessment confusion....
Hi. I am hoping someone can shed some light on my query. I started a new business earlier in the year. I've gone on to register as a sole trader but it says "The trading allowance was introduced from 6 April 2017. If you have annual gross income from self-employment of £1,000 or less then you may not need to register your…
-
Paying landlord legal fees
I have recently been looking at moving to a business premises, I have gone through an estate agent. I have been informed by the estate agent that the landlord of the property wants me to pay 100% of their legal fees. I have also been made aware that the estate agent WILL NOT prepare the lease and therefore I am responsible…
-
Small craft business sideline
Just want to be clear about future tax payments if I can so I can make sure how much tax I will soon have to pay! I have a full time job earning £23,000 pa. I also have a small craft business run from home where I will make about £6000 by April 2020. Am I correct in thinking that I only pay tax on anything above the first…
-
Advice on a new business idea please
Hello all, hope everyone is well. Looking for some advice really, thinking of starting a small business for an extra income but have a few questions. The business would be run from my home, simply bagging/boxing up pick and mix/sweets and selling crisps, popcorn, cans of drink etc etc, and delivering them to people. There…
-
Small Claims Court - The Process
I am really hoping for some guidance and advice. What is happening is unprecedented but as someone who is self-employed, unpaid bills can really be a kick in the teeth. As it stands, I have a client who has said that they might not be able to pay my invoice which is over just short of £7k - a lot of money and an amount…
-
Paper Partnership Tax return SA800 for 2020
We've been looking for the paper version of the partnership tax return for 2019-2020 but can't find it available to download. It's normally there by now. There is no mention on HMRC of whether they're not allowing paper this year or are just late putting it on there. Does anyone know what's happening with it? Thanks Viv
-
self employed tax return
Hi, I'm a very small business in bookkeeping with just one client who is part of my family. I've not been paid since January 2019 but continue to work to try and help. My question is: do i declare the value of invoices on tax return, or income received (if i had been paid).
-
Income: sole trader vs limited company
I'm toying with the idea of starting an online business (just by myself). If the business brings in money, at what point does that become income for me? As I understand, money brought in by the business is associated to the business and it only becomes my personal income when I pay myself (via a salary or dividend)? Are…
-
I.T. contractor but paid through an umbrella company
Hi. My contract with a privately owned national utility ended on 20th March 2020 after 12 months. I was contracted through a large agency and paid through an umbrella company (inside IR35). Would I be able to claim the £2,500 per month as self employed. Apologies if this has been answered before.
-
Who should register my new office building with the council?
Hi all, This is my first time posting, so please be gentle with me :/ 12 months ago I moved my small business into a mill that is being converted into a community business hub by a local charity. The mill has 5 floors, the charity has a 99 year lease on the top 4 floors, the ground floor is run by the building owners who…
-
Subcontractor quandary!!
Hello there! Got a scenario and wondering if anyone could offer some advice... A subcontractor is contracted to do a job, at the end of which all the work is agreed as satisfactory by both the contractor and the client. Two months later after finishing the job the client notifies the contractor that there is an alteration…
-
Companies House question
Hei there all. I've come on here because I'm not quite sure where on the Companies House website I can get the information I'm looking for. Basically, somebody that I know is involved in what I think may be a dummy company. The company (which is supposed to be involved in machine repair) was registered in 2016 by somebody…
-
Business bank account frozen
Hi guys My ltd company was dissolved voluntarily by myself the director via filling out a DS01 form (iirc). Unfortunately I realised I left some funds in my business bank account l. That's been frozen and I have had a letter from the bank than I need to reinstate my business if I want to claims the funds as it's now the…
-
Business Broadband
In all this doom and gloom I thought I'd share a bit of good news I had today. We currently pay Plusnet £32 + vat for business fibre broadband and line rental - a 'special offer' on a 2 year deal that was coming to an end soon. Phoned PN today - 'we are really busy with the current situation etc' so I hung up and tried on…
-
Coronavirus £10,000 grant - Rates in with rent
Hi, I employ 10 staff and have a 1200sqft office which comes within the small business rates relief. However my landlord pays the rates and just charges me rent. How do I get this grant?
-
If choose to furlough employees, do we still pay them first
Hi All, As an employer of a Ltd company, if you choose to furlough employees, do you still pay them or do you have to stop paying them? The HMRC portal isn't ready until end April? Thanks
-
Merging 2 companies
I have 2 limited companies, each owing a house which is completely unencumbered. I want to combine the 2 so I can use the properties as leverage for a loan. Can I do this myself or do I have to employ a solicitor? TIA
