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Advice relating to online payments solutions
I have a new business idea relating to online payments, but in wondering if anyone has any suggestions to the below: 1. Are there any payment providers out there where a customer can make a payment/transfer where only a fee goes to the company/retailer(my companies business account/online wallet) and the remaining amount…
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Self-employment, tax return and pension contributions
I'm not sure if this is the right place to ask this question so feel free to redirect me if I've got it wrong. I'm self-employed and am making private pension arrangements. I understand that whatever I contribute to my pension will be topped up by the government by 25% as tax relief. I'm wondering how this works. Do I pay…
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Should book keeping courses offer follow ups?
Just wondered what you think, just practical business advice that kind of thing.
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Sole trader , complete beginner
Hi , i hope you dont mind me asking for a bit of advice . Me and my wife both work full time , but we have just acquired an ice cream van . My question regards registering with the hmrc regarding tax . I earn about 33,000 pa and my wife about 16,000 pa . i have looked on their website and cannot seem to find out how the…
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Accountant issues
My partner has been working for a year for a Company who when he joined wanted him to be a limited company, which he did. He was given an accountant to use by his company and set up a direct debit to pay the accountants fees weekly. Through the course of the year my partner has found out that the accountant is unregulated…
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Social Club Trustee Question
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MSE Charity celebrates 10 years since giving its first grant - MSE News
The MSE Charity is celebrating 10 years since its first grants were handed out – and nearly £900,000 later, MoneySavingExpert.com founder Martin Lewis says he's proud that it's stuck to its original remit of giving small amounts of money "to where it's most needed"...Read the full story: 'MSE Charity celebrates 10 years…
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Distributable profit and entertainment expenses
Good morning Using the following example, what dividend can be paid from a ltd company? Turnover - £50k Allowable Expenses - £10k Accounting profit - £40k Plus Entertainment - £1k Taxable profit - £41k CT - £7,790 Is distributable profit: A. Accounting profit - CT (i.e. £32,210) B. Taxable profit - CT (i.e £33,210) Thanks
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Thinking of working part time self employed
I work full time but it is only 14 days a month. I am considering working on my days off doing PAT testing (ive already researched and there is a space in the area I live, and I have 2 firends who are electriccians who said they can also put a fair bit of work my way). What do i need to do to allow me to do this, as in…
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How to create a small business lease?
Hi, I'm starting a new business very soon as a portrait photographer. I've spotted the perfect start up spot, on the high street among several schools, lots of footfall. So the property is a must and the rent reasonable. The landlord has agreed to a 6 month rent free period and a slightly reduced rate for the next 6…
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Do I need a LOLER certificate for our lift?
We have a lift in our holiday rental business on the Welsh coast. The lift suppliers are suggesting that we need a LOLER certificate, but my take on it is that it is only for 'workplace' lifts, which it isn't. Has anyone any experience of this??? :)
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Change and Banking for Charity Event
My husband is running a large event in aid of a charity in a couple of weeks (i.e. the event is not run by the charity but the money raised will be going to them). We bank with first direct and all the money for the event is going through our bank account (with extremely good accounting obviously!) What is the best way for…
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Woodlands trust - 1p direct debit?
Does any one know why they'd allow such a low amount? Surely it costs them more every month than 1p/month? I guess it might cost £3-£5 to set the initial DD up, but even then they're waiting a very long time to get their money back!
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Small payments system
Hi, The running club that I'm involved with charge £1.50 per training session. The club has got bigger and so administering lots of small payments is taking more time. Does anyone know of a system where for example members could be given a card (maybe including a barcode?) that they load up with funds (maybe £10 at a time…
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Claiming for a vehicle purchase and fuel
Hi, I am self employed and used an old van strictly for work up until 1st March 2019, I then purchased a new, second hand work van for £3,000. Can I claim on fuel/mileage for my old work van from 6th April 2018 - 1st March 2019 and then the £3,000 for my new van? I understand I can only claim the capital expense on my new…
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Are business signatories liable for debts?
Hi! My boyfriend is self employed (sole trader). I have recently started taking on more of an admin role (bookkeeping, chasing invoices etc) and we've thought it would be useful for me to have a business debit card so that I can pay in cheques/cash etc into the account. In order to do this I need to become a signatory on…
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Credit card transaction fees
Hi we are a PTA running as a charity and have an iZettle card machine so we can take card payments. We are charged a 1.75% transaction fee. We know rules changed and you can't charge a fee for people using credit cards to pay but this is an issue for us where we need to use the machine for our school uniform shop. This is…
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Selling a commercial debt question
Hi all, Just wondering if anyone can tell me, is it legal to sell an ex client's commercial debt on to an individual as apposed to a debt purchasing company? I've been quoted up to 50% of the invoice value from some specialist debt purchasing companies yet the individual is only asking for 20% which would save me the best…
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Franchisee rights / time off
So not sure if this is the right place to post. I e lurked around these forums but never needed to post myself until now. I have a franchise and deal with an area manager from the franchiser. I’ve had a few ongoing background issues with the company but we tend to get along okay and the area manager is friendly enough. Me…
