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New Biz - Accountant & VAT Returns
Hi, My wife and I have just set-up a new ltd, for an online tutoring service. We are both self-employed and have our own ltd and sole trader companies, that are separate to this, so are fairly experiences in working with accountants and filing etc. For the first 6 months for this new venture, we will have only a handful of…
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Starting a business.
My partner and I both work full time and earn in excess of 55k between us. We have started a venture which each month for simple maths we outlay £180-200 and our income is lets say £1000. We don't draw a wage we basically pay for the the following months materials from the previous months takings. The long and short is we…
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1 day consultancy
Hi I have been offered 1 days consultancy. Do I need to register for VAT? Do I need to charge vat on the invoice and does anyone have an invoice tool?
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should I pay an incomplete quote
Hi, 1st time poster! I have looked on forum but have not found any threads similar! I am hoping someone can advise what our position is........ I obtained a quote from a company to repair some heavy automated wooden doors that had ceased working when moving into new premises. The company spent a couple of hours on site…
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New business advice on; Ecommerce site, Eco packaging, courier
Hi I am hoping to start a new business selling educational kids books to schools and for home use that I have created and tested in schools. :eek: Has anyone got any advice or recommendations on a good Ecommerce site, Eco packaging, and good couriers? Thank you so so much :beer:
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Self employed
Hi all, I have been doing some work for someone as a self employed person, the money i earned i filled in a tax return but i will no longer be doing this work, i want to tell hmrc that i wont be doing this and want my self employed status taken away does anyone no how i do this? Im due to fill in my tax return maybe i…
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Rolling 12 months VAT
Hello Can anyone clarify when I would start calculating my turnover with regards to vat, for todays date (7th jan), would I be including Jan 1st 19 to Dec 31 19 turnover?
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PAYE for small Ltd Co
Hi Everyone, Looking for some advice. Established a new Ltd co to invest into property for tax efficiency purposed (removal of MITR etc). Company has been running now around 15 months. Two directors (myself and partner). My partner is full time employed - I have no other job since taking redundancy prior to the formation…
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Crowdfunding donations- classed as income?
Apologies if this is not the best board to post this query on- it seemed the most appropriate one I could find. Are contributions to crowdfunding platforms counted as taxable income for the recipient? I have an idea for a product, but need funding to initially get it off the ground. Crowdfunding has been suggested to me as…
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Scout group - credit card advice
Hi... First time poster... we are looking to change bank accounts to allow for a credit card. Not sure if this is possible as we are a charity... if it isn’t is the best way to go a pre-paid credit card? Any ideas gratefully received!
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Running a holiday cottage: do finances stack up?
Just wondering if this kind of business would give a sensible return on an investment of more than 200,000. The property in question is close to a beach and a designated "area of outstanding natural beauty"; has one large bedroom and comes with a field that could be used for camping. Could anyone please point to some…
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When to pay employees?
So we normally receive payslips from our accountant around the 10th of each month and I was just wondering if there's like a date that you should pay your employees? I know when I was employed, it was always around the 25th of each month (towards the end in arrears). What's to stop me to pay them earlier this month given…
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Costco Sage (Accounting Software) Offer
Hello, I am looking to take up the Costco Sage offer where they are offering the online accounting for my business to keep me sane with my offline accounts handled by an accountant. What I can't find out online is how long is that cut price is available for, it says for the rest of your subscription period but then…
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Very Small Biz, Tax and paying NI contributions
Have recently moved back to the UK after a couple of years travelling. I don’t plan to return to employment in the near future, living frugally off savings. I have a small self employed income stream which will earn me about £8k pa approx, as it has done the last few years. I have never paid tax (not sure if I even need to…
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Benefit Claiment, thinking of selling online to become self employed.
First post here dont bite my head off. So I'm 27 years old, and Currently claim benefits, what I claim is child benefit as I'm a Single father, Universal Credit and PiP. I am classed as disabled due to my mental health, personality issues, PTSD and epilepsy. Do not claim housing as I live in my parents house. Anyway, I…
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Freeagent / CIS Software?
I have been using Freeagent for the last month upon several recommendations on here. However, I am struggling with the CIS side of things in Freeagent. Ideally I'd like something for CIS that works out of the box and can calculate amounts, verify subcontractors, create statements and so forth. Freeagent is very basic and…
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Limited Company but personal Guarantor
We are in the process of purchasing a lease and an overview is below: Lease: 10 years Rent Review: every 3 years, next one in 2021 Break Clause: Every 3 years On the contract for assigning the lease they have put my limited company but also myself and my partner on as guarantors. Is this common practice? I guess this means…
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Scam board games
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AA02 Dormant Companies form - shareholder's fund?
Afternoon all, Quick question - I have a small company (brewery) that never actually traded. It was 'active' in the sense that I was doing stuff with setting it up for a few years (2014-2015) but since then has sat idle, bank account closed, etc. Since founding I've filed Micro Entity accounts but it struck me that for the…
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Insurer asking for PAYE
Hi We took out employers liability insurance recently and the insurer is asking for our PAYE number. The reason is somewhat vague (If an employee makes a claim against you, it's important to prove that you're insured.) Has anyone come across this before and whether it is safe to provide them with our PAYE number. Is it a…
