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Voluntary VAT registration
Hi Guys, I wonder if anyone would be able to give me some advise? I am a small start-up company, we are creating doggy jumpers. We are having our wool imported from Peru and are subject to VAT (Peru has a free trading agreement with the EU so no need to pay duty TAX). As we will be importing quite a lot of yarn the costs…
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Micro-entity filing online accounts - where to declare dividends?
Hopefully a simple question... I'm filing my limited company's online accounts for 2018, but I just can't see where to enter the dividends paid. Are they simply to be included in the "Other charges" (AC425) field on the P&L form? Thanks!
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Best way to do my accounts
Good afternoon all, I'm sorry if this is an easy question to answer, I've only been self employed as a sole trader just under a year and I'm still getting used to this way of working. I have two key areas of work, wedding photography, and nightlife photography, I have two separate names for them both however is it okay to…
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Sole trader - move revenue and costs to lowest earner?
Hi there, I have a website which is earning some reasonable revenue. I am currently running all the costs and revenues through my bank account and I pay tax on the profit via PAYE. I am earning £70k in my job. My wife is earning £24k in her job. The website is making £20k profit per year. It looks like moving the website's…
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Obtaining a bar for a charity event
Hi, I am planning a charity event, and I would like to have a bar available for people to buy drinks. After obtaining the relevant licence from the local council, we could run our own bar, but I was wondering about the possibility of bringing in an external bar? Is this possible? As it is a charity event, I would prefer…
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"Anonymous" donations.
Can anyone advise on how to give a one-off donation to a charity where they can receive the Gift Aid tax relief but I don't have to give too many personal details? I have made on-line donations before but, despite being told that charities do not share details, I have always been inundated afterwards with requests for…
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starting as a sole trader
I would like to start a small business selling and buying clothing and footwear online. I would like to register as a sole trader so that I can pay taxes on any profits I make. Over the last 3 years I have been buying clothing and footwear items which I would now like to sell. My question is how do I account for these…
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New to business - looking for Fair shows
Hello I am looking for suggestions. i am new to the business world. I am thinking about starting a small business, like a food van/truck/stall. i wanted to know if there were any popular Small Business Fair or shows, where someone could go get advice, ideas... i live close to London. i have done some basic online research,…
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Micro-Entity Corporation Tax Help!
Hi Guys, Let's see if the fine people of MSE can help with this one (I've already recommended she gets an accountant next time and considers re-registering as a sole trader, rather than a Ltd company). A friend of mine has asked for some help, she runs a small photography business and has a Corporation Tax Return due by…
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Gift Aid
We Gift Aid our charity donations. For Tax Year 2019-20 we won't be paying income tax on salaries but will be paying tax on dividends. Are we still able to Gift Aid our donations.?
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Accountants- Expenses Analysis - is this required?
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Reclaiming VAT on mileage from previous employers over the years
So I've worked for quite a few employers over the past 5+ years and drove about the country using my own car (insured for business use too etc.) and expensed fuel back, usually 20-25p a mile, however only just been told i can claim back additional money from the government. Is this true and how do you go about it, do my…
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Questions I have about starting a new business
Hello, I am looking at starting a new digital business creating software. I will not lie I am a bit of an amateur but I pick up things really quick and have a keen interest in the subject. I am currently a trainee electrical engineer and I do not plan on leaving my job to pursue this as I am far to sensible for that. I…
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Free/cheap website
Hi everyone, I am starting up my own business and wanted to ask if anyone knew of any free/cheap website builders. When I say free/cheap, I mean both creating and hosting, as a few websites try and catch you out at the end with big fees. I am not looking for anything fancy - even a single page hosted will do until my…
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Website/Online shop
Hi I've been running a small business selling scented wax melts via Instagram for around 6m and want to create a website for customers to buy the products online (I'm currently just taking orders via direct message and paypal). I don't want to spend a lot and it doesn't need to be anything too sophisticated, just a basic…
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Marketing a sports centre
Some friends have opened an ice sports centre, with a small rink and off ice training for hockey and figure skating. They provide group and one on one courses, and hire out the facility too. Obviously they wish to grow the business. Do people here have good advice on marketing their centre? Obviously we are talking about a…
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Find an accountant...
Hi all Many years ago I used a website to find an accountant and was very happy with her until recently, I think she may've closed as no answer to emails or calls Anyways the site I used you enter some details of rough turnover etc and they contact you with quotes but I can't find it now, does anyone know of such a site…
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Invoice issue
Hi, I wonder if anyone could clear up a query for me, and I'll try and keep a long story short; I work for a mental health charity and until recently our waste bin collections were dealt with by the county council who own the building where we are based. 18 months ago, or thereabouts, and without telling us, they…
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Restrictive Covenants - House to Nursery
Hi all, I am new to the forums so please forgive any errors I might make. So I am looking to buy a property with the intention of changing it to or using it as a nursery. I have just had a copy of the restrictions sent to me and the it states: "that he would not use the said land or any building then or thereto be erected…
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Travel business and tax
Not sure if this is the right place for this question, or even if anyone has come across this before. In short, we are planning on going travelling for an extended period of time. We will be converting a van to live in and this will be our full time home. We won't have property in the UK. We plan to monetize the travel and…
