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Class A1
Afternoon all I have a Convenience shop that sells most items except alcohol. I've been trying to get hold of my landlord to ask for permission to sell alcohol in my shop. It's now been nearly a year and still no reply. Whilst reading through the lease it says I can use the shop for anything in class A1. I've searched…
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Best way to get a discount on specialist tools
I’ve got a relatively new small business where I do precision metal work on small parts and I’m looking at some new equipment and the total order will be the most expensive thing I’ve ever bought. Probably about £3,000 in total. The only people I can buy this from is the authorised UK distributor as the parts would be…
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Funding SPV from existing limited company
Hello, Long time reader but first time poster so please bear with me... Over time I have built up some retained profits in a limited company through which I do my day to day work. I would now like to invest these profits in buy to let, and possibly stocks / bonds. The research I've done indicates that mortgage providers…
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Tax return for sole trader
I basically transitioned from sole trader to LTD (inc VAT registration transferred) about a year ago so have had to submit two tax returns - one for sole trader and one for company. The accountant has billed separately for them both - am I right in thinking I can't pay for the personal tax return from company accounts, and…
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Card Design for extra income
I’m struggling to find a part time job after my maternity is up next month and my FT role can’t go PT and we have no help with childcare. This means I need to give up my job to look after my child and we aren’t entitled to benefits because my husbands wage reaches the 25k threshold so we will be down a lot of money with me…
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Capital expenditure on Flat Rate Scheme
Hi all, I'm looking to build a new computer for photo editing and administration for our limited company business. We're registered to the VAT flat rate scheme. I'm aware that we're able to claim back the VAT on purchases made over £2000. The components we want total over £2000 including VAT, but if we order on Amazon (for…
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Under VAT E-Commerce
Hi All I am currently setting up an e-commerce clothing company and have a couple of questions I hope aren't too hard to answer. We have been paying designers, printers and suppliers, all of whom have charged VAT on their services. We have not yet registered the company yet, something we will be doing very soon though we…
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Capital allowances in tax return
Hi - due to health reasons our business activity took a hit last financial year so we had to make the decision to stop using our accountant so this is the first year that we’ve filled in the self assessment form (for partner). I’ve pretty much got my head around everything including annual capital allowance. However we did…
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Business Mail forwarding
Hi All, I need to setup a non home address for my sole trader business asap. I receive very few letters - this is merely to give to a new client who requires an address for their invoicing system. I want it too look professional , but cheap also! I may become limited eventually, but not for a while. A bonus would be if I…
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Brexit and Currency Possibilities
Hi all Hoping someone might be able to help us out. We have a reasonably large amount of money in a Euro account at present from trading in the EU (so we receive funds in Euros). Our business is UK based, and we import goods and generally pay in USD for the goods. We don't generally pay for anything in Euros. With the…
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Finding an accountant
Hey all, I have a small business that I have been running since the end of last year. I would like to have an accountant to sort out taxes ect. I have been in touch with the theaccountancy.co.uk but their sales responses are so slow and I have had to chase them for replies, which has put me off so I was wondering if there…
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HSBC - USD to GBP Account
Hi, I have a HSBC Business Bank account and have over 50,000 USD and EURO that I need to convert to GBP. I hold accounts with HSBC UK in both €, $ and £. I would like suggestions as the most economical way to do this? Do I transfer direct to my GBP account, as is there a way to reduce their huge conversion fees?
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Mileage rate
Hi there I recently did a gardening job for my client in another part of the country. I travelled 220 miles. How much would I charge per mile for travel on top of my hourly rate and parking charges? Thanks
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1&1 Hosting - Advice required
Hi, first of all sorry if I've posted this on the incorrect board, I wasn't sure where it would fit. I am just looking for some advice on how to proceed in a situation where I am dissatisfied, but am sure I've been stitched up legally with complex T&C's. Basically, just over a year ago I purchased three cheap domain names…
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company gone in to adminastration
Hi I have had some bad news today. I run a small garage and have undertaken a repair on a vehicle that owes me around £2000 to be told today by the owner that his ltd company has gone in to administration today and I will not be paid if I submit the invoice. How do I stand as I still have the vehicle in my custody, is it…
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Break Clause in Commercial Lease
ok so almost three years ago, we signed a 6 year lease for an industrial unit which has a 3 year break clause. What I want to know, is, if I don’t leave at the 3 year mark (the time of the break clause), am I then held liable for the full 6 year term or can I leave at any point after the 3 years break clause?
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Free support/help with startups
Hi all, I wanted to share this knowledge to help others wanting to start up their own business or even if they have an idea and need support making it flourish. There is a company called 'outset' around the country that is government funded. They offer free advice, support and courses on setting up your own business. As…
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Subcontractors VAT
I run a Manned Guarding company where I supply Security Guards on hourly basis to Pubs etc. I’m sometimes falling short of guards as demand is higher than supply - so I found another security company who will supply guards on my behalf and issue me a VAT invoice. My question is - is this company allowed to charge me VAT…
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bespoke child friendly name stickers - company to use ?
Hi All We are a relatively small children based leisure and sports/fitness company and looking to get some name stickers made for with our logo design on or just something child friendly. some which we have been using are like these https://www.amazon.com/Superhero-Handwriteable-Stickers-Students-Teachers/dp/B07G195R8K We…
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New Sole Trader- how does PAYE so far affect my tax
Hi, I have been a sole trader before many years ago and done my own returns so have a reasonable idea of self assessment, but i have just gone self employed again (on Jan 2nd) and am struggling to find an answer to this- My earnings from my employee/PAYE job april/18 to jan 2nd/19 are about £42000. My antcipated earnings…
