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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…
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Electric car in April 2020
I am thinking of taking advantage of the tax changes in April next year (0% BIK) for company cars. does anyone know if this only applies to new cars, or can the company buy a used electric car? Also, how can the electricity cost be reimbursed to the director if the car is charged at home? And at what rate? Thanks.
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50 - 50 Ltd Company - Directorship terminated with no prior notice or advice
My Ltd company is structured - My self and co-director 1 x Ordinary share each 50 - 50 split - no persons with significant control Key responcibilities - Myself - front of house, sales, account management etc Business partner - IT, website, email etc My business partner has done the dirty on me and terminated my…
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Supplier not delivering goods as agreed
I placed an order with another small business for some hair products a few months ago, with the agreed delivery date to be beginning of December. I paid a deposit and then they confirmed that they would be despatching the products earlier in mid November so I paid the balance in full, as it was agreed to pay before goods…
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Supplier not delivering goods as agreedi
I placed an order with another small business for some hair products a few months ago, with the agreed delivery date to be beginning of December. I paid a deposit and then they confirmed that they would be despatching the products earlier in mid November so I paid the balance in full, as it was agreed to pay before goods…
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Staff - employment contract
Hi Just out of interest, where do employers get their employment contracts from (admin ones), thanks.
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Charity donations via company
Hi All We are a ltd company and have previously BACS funds from company bank account directly to charities bank account. There is a charity raising funds but only mentioned cash as donations. Is it possible to pay the cash and how would we do it in practice for it to remain an allowable company expense? 1. withdraw cash…
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Non-profit club accounting software
I am treasurer for a scout group and I’m looking for a web based accounting software. I need to be able to process membership fees, activity payments and expenses to various people. Can anyone recommend something?
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Biz has really taken off but I'm in a bit of a muddle with how to pay myself
Hi All, Firstly, I'm thankful for any advice. I have an online business thats really taken off in the last year, we sell hair accessories. This has been my only job so I thought paying myself would be nice and easy... turn out it is, but doing it properly is another thing all together! So I'm paying myself £12,500 paye…
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Director, how do I pay myself?
I have set up a little business - a private limited company of which I am the sole director which - currently and probably for at least the next year or so - is destined to pay me £500 a month. That is all I intend to take out. It will be my only employment income. I assumed this would involve PAYE but when I looked at…
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Community Interest Company
My friend applied and has been offered a job managing a local charity shop She was not expecting a huge salary but has been offered £60 per week. Monday to saturday 8-6. She had expected a low wage - but above minimum wage. is this even legal? On looking into the shop she found it is not a registered charity but has been…
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2 business bank accounts
Hi All For a ltd company, I'm guessing you can have 2 business accounts? We are currently with Metro and have gone over their permitted 50 transactions a month. I've heard great things about Starling so looking to open that one and start shifting transactions over. Are there any issues with accountancy etc? Thanks.
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Selling my small business
Hi All I’m a sole trader, and I run a children’s party hire business. It makes a good profit, but as I’ve recently returned to work full time I am unable to give the business the level of commitment it deserves. I’d like to sell for around £3,000. I’ve listed it on gumtree and Facebook marketplace, and I’ve also signed up…
