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Can I save tax bill money?
Hi, so I start new employment in April and because they are Jersey based it means I need to fill in self-assessment annually. I intend to remove the tax I would pay and place it in a separate account but can I place this money in a savings account and withdraw at the end of the year? Are their laws prohibiting this? self…
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food allergen information - charity fundraising event
I hope somebody can answer my question or point me to the regulations. Non registered food provider doesn't have to provide information for consumers about allergens present in the food as ingredients. Does this still apply if community/charity organisation is providing food (as non registered food provider) at a premise…
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Help with business partnership hell!
My husband has had a business for many years and I reluctantly joined his company as a partner in the middle of last year, for tax purposes so he could pay less tax by ‘offsetting’ some monies to me. We have now decided our marriage isn’t working and we are separating. I told him yesterday we need to see the accountant so…
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Is there such a thing as a “craft” career?
I sadly chose some limited options in the past when studying when younger which were 95% art based. i work nights till midnight since having to give up my FT job after giving birth and hubs works days starting at 5am and baby is up at 430 so - yeh! Little sleep for mummy but we need the money and can’t afford childcare nor…
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Help with cost of trip
my friends partner is dying, they want to take their children to Disney land Paris, are there any charities that can help with the cost of this?x
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ICO Fee. Do I need to pay this?
Hello. I'm a freelance designer working as a limited company. I sub-contract work out to other freelancers too. I've recently had a letter from ICO saying I need to pay a fee regarding data security and whatnot. I know the company address, phone number and email of the people I deal directly and nothing else.Do I need to…
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Leaving a 50/50 Limited Company with PG’s
Looking for a bit of advice on walking away from a business with 50% share set up as a limited company. (No shareholding agreement - silly I know) The company itself makes less profit than I could obtain in a traditional job elsewhere and I invested nothing into it starting off, so walking away empty handed would not make…
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How to get invoices paid and assist Clients in financial difficulty
Hi all - hoping you can advise on a tricky situation! I am a limited company. I have completed the service I was asked to do, and my Client is very happy with the outcome. However, my Client has just informed me they can't pay me, as outlined in our payment terms, till they apply to a loan company to release money for the…
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Setting up as a sole trader and basic business set up and skills needed
Hi I am going to set up my business seeing clients one to one privately. I have a premises and insurance in place and I have the experience and qualifications in my field. What I don't have is the business skills. So I am doing my research obviously before I start. I know I need to set up as sole trader. I won't have any…
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Saving for tax
I'm needing a little bit of help. I'm self employed and putting a little by, 30% of each income payment as advised by my accountant. But im trying to work out where my savings should be by this point in the year. Is it simply a calculation of: total expected tax bill divided by 12 months, minus what I have already got…
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Late Self assessment tax
Hi folks. For the 1st time in 11 years, I havent been able to pay my 31st January tax bill. I'm freaking out. I cant even afford the monthly payments they are suggesting as its upwards of £300 a month! What's my best way to proceed? Loan? Credit card money transfer? I really need some help. Thank you in advance. Natasha
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Mis-sold Unsuitable Product and Payment Dispute - where can I go next?
I am a sole trader with a hobby that I have been looking to turn into a small just for fun business. To date I have had no clients, so in October I decided to hold a stall at a show in the industry my business relates to, simply to test if it was a viable business or not. During the show I was approached by a publishing…
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Buying Out Shareholders in Ltd company
Hello, I'm hoping you can share some advice / experience please. We (couple) own 50% of a business with family members who are waiting to retire and sell the business. The business is a limited company and has been trading over 20 years. There are no big assets other than small stock level, vehicle and tooling (factory /…
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Angel investors
Hi guys have a small one man business which I have boot strapped for the past 8 months however I wanna expand faster and into more spaces currently I have a website that sells my product to the public. I have turned over 19,000 from the start and only invested 500 at the start of my business. I have looked at angel…
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Do Trading Hours Laws apply to businesses other than shops?
Do trading hours laws apply to business other than shops, in particular; gyms, sports centres and swimming pools? The Gov.UK websites mentions shops and law surround opening on Sundays and Bank Holidays but do these same rules apply to other business types? In particular I'm looking at whether a small sports centre…
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NatWest business bank account - close and keep credit card?
Hi - my partner has a NatWest business bank account and a NatWest business credit card. I know you have to have the former to apply for the latter, but if she were to switch away (for instance, to avoid paying £5 a month for a poor current account...) would she have to repay the credit card immediately and close it? Edit -…
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The Charity shop that's not a charity shop.
Looking for opinions on an idea I had during one of my productive bouts of insomnia! I am very proactive when it comes to community issues and live in an area that has lots of groups who do great work with very little help from grants and funding etc, they range from community gardening to food banks and community kitchens…
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Registered as a director at companies house, but want private info removed
I just searched my name on google with the name of the town i live in and my details- name, address etc came up easily on Companies house. I registered as a director to manage the block of flats I live in with three other people who live here. I'm worried someone might find me- stalker or someone after me from the address.…
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Should I buy into Window Cleaning business
Hi folks, I have been asked to buy into a long established window cleaning business and wanted to seek some opinions or ideally informed advice. There are a few questions which I have been advised to clarify but the one on which I’m looking for your help is the investment and return situation. The company has been in…
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New Business Accounting System
Hi all We have just set up a new ( very small construction ) company. I have found WAVE which is a free online bookkeeping system. Has anyone heard of it ( reviews seem ok ) I have put the entries in but cant get the VAT return to make sense Struggling a bit to start off Any thoughts or recommendations please
