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Self assessment
Good morning, I went part time self employed alongside my other employed part time job last year. So for my tax return only had the 3 months of self employed wages etc to put down. I put down my full years self employed wages, is this correct as I have now basically been charged £1200 for £3000 income. I know this is…
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Going Self Employed
HI all, I'm doing some research for my partner and I am hoping to find some advice. She is currently a cleaner on minimum wage at a company who has a contract with an even bigger company and gets on well with the people who work in the offices. These people are on pretty high wages and employ cleaners for their…
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Self Assessment with more than one business
Hi, I've been self-employed for about ten years so have done lots of tax returns, but am a little uncertain this year and wondered if anyone could help. I am a sole trader, so in previous years I just did a return for the one business. However, for the last 18 months I've also been running a separate, totally distinct…
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Self Assessment bill
Hi, Not sure if anyone can shed any light... I have submitted my self assessment tax return for self employment for tax year 17/18 and have my tax bill. I was employed for a few month as well as being self employed in this tax year. My tax bill didn't seem to take into account the tax I'd already paid through my…
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Free business cards. Your recommendations
Hello All. I have a small business (one man band basically) and want to get some business cards for myself. There are quiet a few websites who offer 'free trials' of between 50 and 250 cards sent for free (only P&P cost). Just wondering if anyone has used any of those sites and would recommend to use/avoid any of them? I…
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Holiday let questions
Hi thinking of buying a property somewhere like Devon for around £60k probably a apartment. I have been checking and I see I can either get a 2nd home mortgage or a buy to let one. But we want something we can use a few times a year for a holiday use. So the buy to let isn’t really a option for our purposes. My questions…
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Another home baker
Hi all, Earlier last year, a friend and I set up a small business, where we bake cakes to then sell from a stall, going all around the county. As this is more of a seasonal part time job, I've been looking into baking cakes and selling them from home, for myself as ideally a full time income. While I know all about…
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paying tax on payments - may be in wrong place.
I had taken a year or so out of working (no benefits) - and had not registered as self employed, because I wasn't earning at all. Part of the plan was to study, with a view to picking up some writing work from home. I have picked up a little bit of writing which was my intention - but not a lot. From April 2019 I will I…
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Website hosting advice please
Before Christmas I asked Yell to design and produce a website for my small business. I had issues with customer service, and told them to cancel my order a couple of weeks later. They got in touch yesterday and are demanding payment for a product which I told them was not fit for purpose, I didn’t want, does not reflect my…
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Tax on Discounts
Hi. Does anyone know when calculating my profit/loss for self-assessment do I include the value of discounts I have given in my total income, even though I didn't receive the money? I offer student and OAP discounts, I also run a loyalty scheme where clients get £1 back for every £10 they spend with me. Thanks
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Trading Income Allowance - How to provide info anyway
Hi All, I hope someone can help with this please. I understand that the Trading Income Allowance means that with a turnover under £1,000 doesn't need to complete the self-employment section of the return, but there are reasons why they may choose to do so. Under tailor your return (page 1 of 3), it asks: Selecting "Yes"…
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Claim against me.
The missus and I run a small Ltd company. We sell the odd part online and via eBay etc. A chap bought a part from us, then sent it back saying it was faulty. Anyway, turns out it was damaged during fitting. But my question is- He’s filed a small claims court action against us personally not the Ltd company. Is that…
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Breach of contract
Hi guys, I have a dispute with a car rental company. I believe they have breached our contract and I want to find out the options available to me and some feedback. Summary The car rental company gave me business contract. The service agreement states comprehensive cover is included. The car was stolen during a burglary of…
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Advice on selling sole trader business
We are looking to sell my husbands business to retire. He is a sole trader repairing electrical items such as washing machines and ovens and has been running the business for 12 years. He has over 60% repeat business and has private and public sector clients. It is really a lifestyle business as he only works mornings as…
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Tax return for two businesses
A friend is self employed tradesman and also has a small online ebay store. They're required to complete the tax return for the year but don't know how to . Any free software or spreadsheet that calculates this? Thanks
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Invoicing Software
Hi guys, I have been running a small car parts business part time alongside my 9-5 job for the past 3 years. The time has now come to give it a go full time. I have been using duplicate printed invoice books that I manually fill out, but would now like to change that to printable invoices via appropriate software. So my…
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Investing in a small business
Hello all, I have no knowledge of how this would work. I will get 'proper' advice before I part with money, but wanted the kind of perspective folk on here know about. My son & wife have bought a property with about 10 acres of land, with a view to setting up a campsite. At present they both have full-time jobs, but will…
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Are payments from Amazon counted as international payments?
If you connect a bank account to KDP or createspace, would you receive payments regardless of any threshold by direct deposit, and at the period in which Amazon claims it will send them? Or can you choose when to be sent the payments at a time which you deem suitable? I am asking this question because I think that certain…
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When can I add VAT
I need to register for VAT in the next few weeks. However as an architect my contracts with clients can often span months. Normal process is to send out a quote and then once agreed carry out the works and then invoice. Normally works out about 1-2 months from sending out quote to getting paid. My questions is if I was to…
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Shares possible in Charities ?
I've been told that charities can issue shares or similar to have a say in the running of things. Is this possible....?
