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Invoice Template - need some pointers please
I am have been doing some self employed work and need to create a reasonably professional looking invoice. Can anyone point me in the right direction to find a suitable template that I can use please? I have got the link for what needs to be included, I'm just unsure of the best way to pull it together on one sheet. A…
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How much to charge?
In May I did a charity fundraising coffee morning with games and a Chinese Auction. We raised £600 in 2 hours which I was really pleased with for a first effort. We had 11 prizes in the Chinese Auction with a value between £20-£30 and tickets were £2 each. We had 1 prize with a value of £110 (to buy - cost price of £50)…
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Side hustle
Hi, I currently have a full time job and in the 40% bracket. I'm setting up a website with an online shop as a side hustle as a bit of a fun challenge and to learn. I will be buying my product from a sole UK supplier and running the business from my garage part time. I do not expect this to make me a millionaire but I do…
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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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Payments over the phone
We are a very very small business and our largest customer now requires to pay over the phone! This isn't something that we have any experience of. I need the cheapest and easiest way to do this and I do not know where to start. Can anyone recommend any products/companies to look at and also what the expected fees would…
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Should I/Is it too late to setup ltd company?
My wife and I have been running a business since June 2018 and we were about to setup as a partnership (before the October 5th deadline for registering for self assessment). I'm wondering now if there's a different way to go about it as I've read that a limited company is much better than a partnership in terms of taxes.…
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Charity fundraiser, sumup/izettle or something else?
Hi I'm helping my friend with a charity fundraiser event. They are are youth mentoring charity, helping youth from underprivileged backgrounds connect with mentors in the professional world so they can see the opportunities out there. The charity has been invited to a fair and have received the go ahead to fundraise at the…
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National phone number and taking payments
I have two queries regarding my small business. 1. I need a 0800 or 0345 etc number to direct to a mobile, can anyone recommend a cheap way to do this? 2. I need to take card payments over the phone, again any recommendations for a cheap provider? Thanks very much
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Good but cheap way to have an online shop
HI, I volunteer at my kids school, and they want to take their second hand uniform shop online; it's a special school so kids live far and wide away (up to 75 mins away) and can't necessarily get into school in person. Uniform is mandatory, expensive and extensive. I said I would try to find a way to sell online but am…
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Employing first employee
Hi All We are looking at employing our first employee (my sister). What are the things we need to do? Our acccountant will sort out payroll and auto enrol with NEST, thanks.
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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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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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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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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 =…
