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Performers fees and VAT
I am part of a group putting on a series of concerts. We are not VAT registered. We have been told that the performers are registered and that we will have to pay VAT on top of their fee. This is a new one to me. Does anyone have any knowledge on the subject?
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One slice of pizza?
I was recently on a work trip to Poland. At night I noted quite a few small take-away businesses selling only pizza slices individually - nothing else. I've seen this in other European countries too. Usually about one Euro per slice. They always seem to do well, as far as I can see.they are busy But I've never seen this in…
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Separate Company vs Trading As
My wife and I are the joint directors of a printing company (and the only two shareholders). Our main business is general printing and also personalised gifts. My wife and I are working on a new clothing brand which will be items of apparel printed with our own designs. What we are trying to work out is whether to make the…
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VoIP recommendations for new business, please!
Hi all, My business partner and I are setting up a company that will require us both to be in and out of the office independently of each other, and during potentially unsocial hours. Instead of a traditional landline, i thought a VoIP solution might be best, with just one number we could both respond to. I understand VoIP…
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Directors Loan to Company to be paid back to children
I have loaned my company money and in the loan agreement I have requested that the loan be paid back to my children. I have two questions 1. From an IHT perspective is the Potentially Exempt Transfer date, the date that I loaned the company money or the date that the children will receive the money 2. Can the children…
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Making Tax Digital - VAT
Slightly annoyed by this change as I currently file my VAT online with the use of a spreadsheet to keep track of amounts. Whats the MSE consensus on the cheapest software to file VAT online from the Making Tax Digital date? I cannot believe government can force you into using third party software to file a return which is…
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Good deals for company mobiles?
We're looking to replace and upgrade our work mobiles in the not too distant future. The idea is that staff will be able to check emails and calendars when out of the office, rather than just make calls and send texts. One of the issues is that I suspect some users will use a lot more data than others, or use a lot more…
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Best app/software to share calendars with members of staff
Hi all, I'm in the process of setting up a maintenance company that will initially employ 1) Two tradesman undertaking most jobs, as they come in from clients 2) Five subcontractors taking-on extra, out of hour or specialist work 3) Myself, allocating the jobs to each tradesman via a shared calendar. The Tradesman will use…
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Credit card PDQ machines
We currently have our credit card machine with Barclaycard. I was wondering who other small businesses use as their charges are increasing again in April so I would like to see what else is out there.
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Is it time to change the accountant?
I am a LTD director and pay myself a salary of circa 12k PA. I have received a tax code notification from HMRC in the summer who gave me some weird tax code with the annual tax free allowance of circa 6k. When I have rang them and queried that I was told this is because according to their records I had two employments with…
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Going self employed 2 weeks before end of tax year?
My partner is currently a permanent employee at a hair salon. She works 24 hours a week at minimum wage and has a total gross pay of £8830.47. On Saturday 2nd March, she was told the shop would be shutting on Saturday 23 March. She has worked there since June 2000. She will get 16 weeks’ pay from redundancy and is due 12…
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Our business sells second hand clothes online, but Paypal keeps saying we need a licence?
Long story short, we've had a physical vintage shop for a few years now & recently made the move to have an online presence - we were using Shopify to host our shop & Paypal to process payments. Last week we had both our Paypal & Shopify accounts 'limited' meaning we can't access either and as such we can't trade. We've…
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Cheque for business account
Hello everyone, NatWest closed my business account for my ltd company and sent me a cheque of what's left in the account. I am also looking to close down my ltd. company in the near future for this reason I don't want to open a new business account. My problem is: I have a cheque addressed to my business and I don't have a…
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Customer wants compensation 8 months after hair treatment, threatens about Small Claims Court.
I run a small hair salon, and a customer has just come in today complaining about a hair dye treatment she had 8 months ago, she says that it has caused her hair to fall out a few days after the treatment, this is the first time she has contacted me since then, she has presented some pictures showing baldness that she…
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Accounting for closing stock when buying mixed lots at auction
Hi, I buy and sell items from auctions, a lot of what I buy is mixed lots, for example I may buy something for £42, but it has 10 items in it, all of which I will list for sale at differing prices. I have been accouting the £42 as an expense for the month purchased, but I'm not sure if this is the accurate way of doing it?…
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payroll and employing part time staff
Help. im a small dog walking business and have just taken on my first ever member of staff part time and i have no idea about payroll or what to do. (i do have an accountant) I have made a generic contract which i think is suitable but im so confused over payroll (maths is not my thing!) can anyone recommend any good…
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FRS VAT and "associated business?" as self employed
Hi folks, Your help/thoughts gratefully appreciated. I will try and be as accurate as possible, please bear with me if I use incorrect terminology here (there is a risk of that!). So, I have been running a marketing agency for a number of years and it has been on FRS VAT for a good couple of years now. I am self employed,…
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Mis sold card terminal machine
Hi, I'm after some advice please. We recently ( last Thursday ) changed our credit card terminal supplier to Payment Sense and now we think that they have mis sold this contract to us. After speaking to them they informed us that we have no cancellation period as we are a limited company. Can anyone advise if this is…
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Trying to get out of a contract with an advertising company
Hey first post so gonna try and make it short... My partner is a sole trader in the building business. A few weeks ago he received a call asking if he would be interested in getting an ad put In our local councils planning permission pack it’s a private company not the our local council that runs it Within an hour he had a…
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What is the catch with Equity Investment?
Hi! I want to research a novel device and I cannot find funding as they want me to have a university partner and universities want to own the IP. I am thinking to get equity investment, or is there any better way? If not, what is the catch with equity investment? I understand that I will pay them part of the profits, but…
