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Which charities will accept tiny donations online by credit card?
Occasionally I do odd bits of market research and get "paid" expenses via Digital Wallet credit cards. These payments are for set small amounts of money and with strict expiry dates. As the expiry date approaches I'm often left with credit card credits for a few pounds or even just a few pence - too small to buy anything…
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quick question as a sole trader regarding accounts
Hi, Im not sure if this is the place to ask this? I'm looking for some advice regarding my accounts which I'm trying to do myself using quickbooks.... I am a sole trader with a small business- mainly i sell vintage furniture and clothing. My question is, I buy clothing through online auctions (for example) with a view to…
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New Business Advice
Hi, I have had an idea for a business and am currently in the stages of finding out how much interest there is. What I wanted to know is where is the best place to go to find out about working full time and running a business on the side? My idea involves getting children to create their own books etc and whilst I don’t…
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Working and starting a small martial arts club
Hi. I currently work full time and pay basic tax. I'm also looking to start up a small martial arts club as a hobby I'd expect to take about £50 a week (£2500 a year) the hall hire will be approximately £2000 Any surplus will be spent on the club. I have just applied for a business account Do i need to register/declare…
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phone contact on the go
Hi everyone, I work freelance, mostly from home, but I need to get more flexible on location. I currently have a work landline and a personal mobile phone (iphone6). I don't want to give out my personal mobile phone number, but all the "phone only" plus PAYG sim deals are still way out of my budget. Is there any way to…
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Magazine Advertising
I am a sole trader and I took out a 1/2 page advert with a company to run for 6 months from the end of July. They have stopped replying to my emails, don't answer the phone and the shop where the magazine was supposed to be in, doesn't have the magazine. Where do I stand on my £312 payment for a service I have not received?
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Self Employment & Tax Return
I hope I'm writing in the correct section... I have been self-employed now for a number of years... I have an accountant which handle everything every year for me. I will bring her all my invoices, my expenses and she tell me how much to pay to HMRC. I just got her to calculate the year 2017-18 and I got a shocking bill to…
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Home baking business & expenses
This year I have set up a small cake making/decorating business from home, I’m self employed so doing my own self assessment. In order to set this up I had to get a new kitchen fitted and wondered if I can claim (and if so how much) this as an expense? Any advice appreciated
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Accountant mistake, who's responsible?
Hi, After a difficult 18m following bereavement I'm in the process of having wound down my ltd company. The accountant's have struck off the business without realising that there was about £20k due to me from HMRC. From tax year 17/18 apparently.:eek: Now HMRC won't pay the money (even though it's going straight to settle…
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QS/Estimating Services
Hi All, I’m looking to test the waters slightly and see what the demand is for part-time quantity surveying/estimating for Sub-Contractors and small main contractors. To give some background I’m a QS currently working in the South East with 8 years of experience working within residential development, commercial fit-out…
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Help starting business when I have a DRO
Last month I was approved for a debt relief order, and after reading through all the rules I noticed a few things which could potentially ruin my plans for starting a business. According to the letter I received it says I'm not allowed to do business in any name other than the one on the DRO, I must get permission from a…
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Capital vs Revenue expenditure question for small value capital items
I am aware that if a capital expenditure is of a low value, say a £100 monitor (no set limit by HMRC), the accountant can choose to treat it as an asset or treat it as an expense (directly to the P&L account). From a taxation perspective (Ltd company), what are the differences? My understanding is, if treated as an asset =…
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Sole Trader NI Question
Hi everyone, I have recently taken the step to become a sole trader. My business is delivering online therapy on behalf of companies that hold NHS contractors. In short I get sent patients by the NHS and I do online therapy with them. I get paid a sessional rate. I understand that I get paid gross, and that I have to pay…
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Small biz info
Hello, would anybody be willing to share their thoughts on 1. a good small business bank account provider, with a good, user-friendly app/online facility. Ideally, a free account to start with. 2. any useful publications for small business tax/finance advice. 3. good websites for new small business owners to read through…
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How to claim VAT paid to EU
I am vat registered in UK but due to a recent admin error had to pay vat on an invoice from a Spanish company. The goods are zero rated in the UK. How do I reclaim this £600 odd thanks in advance for your help
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Self-assessment bottom basics
Hi all, sorry for the complete ignorance, but I've been working on a very limited self-employed basis as an income topper since 1st October 2018. I've just left my job because of health, and need to really step up operations. I registered as self-employed last year, but am I right in thinking that the self-assessment form…
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Loan from family - expense or gift
Can a family loan at 0% interest, but with an £800 monthly payment be classed as a business expense? The loan has been paid back in full (the £800 paid per month has not been deducted from the amount paid back). e.g £50K loan £800 per month (£9600 over the year) 50K paid back
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Group back account?
Hi Me and a few family members have got together to pool a charity fund. We want to pay towards the fund via standing order throughout the year (£10 a week per person). We then send the money to UK registered charities when we feel there's a disaster, charitable cause we must help. Or if there is someone in the family who…
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Company over draft, how much and Credit card
Hello, Need some advice please, I have my own limited company and for the past year I have been working as a consultant to a small company who are about to close their company and they are allowing me to take over the clients they have and deal directly with them which will mean invoicing directly, their accounts dept.…
