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Ltd company allowable expense
I work from home, i know the office chair is an allowable expense but is a rug allowable for corporation tax purposes? Many thanks. It's a consultancy business, if that helps
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Business broadband provider difficulties - rights?
Hi all! Very tricky pickle we've got with our broadband provider at the office, and I wonder if anyone can help/has experience of similar? I'm not going to name the provider at the mo - simply looking for advice on our rights and best way to resolve issue or get out of contract if possible. We've had recurring problems…
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Vat Question Please
We are a small business who isn’t VAT registered and we buy goods from our supplier which we pay VAT on. We then absorb tha VAT and take a loss on our profits (ie we don’t charge the customers who we supply to any VAT). We have recently sent an email to a customer waiving them a total price with the words VAT inclusive)…
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Late payer - what are my options?
I run a small business and am awaiting payment on an invoice that was issued back in June. The invoice stated that payment should be made within 30 days. The client paid half the invoice in August but despite numerous email reminders, she still owes me another £200. I was wondering what my options are at this point. Should…
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Anyone ever used Groupon as a 'merchant'?
Looking for advice on using Groupon for my massage business. I really cant find much information on the site, what do they ask from you when setting up? Is it a straightforward process or is there alot of paperwork involved?
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GDPR and micro small health group
I’ve been asked to look into the implications, if any, of the GDPR regulations and whether these should be applied to a micro local group that supports people with a rare illness. The group does have an email list to advice of meetings etc but the list is used for nothing else. The organisers of the group may be approached…
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Business Mentors/Coaches Derbyshire
Hi everyone, hopefully I’ve put this post in the right place! I was wondering if anyone could recommend a good business mentor/coach/consultant in or around the Derbyshire area. I preferably want to speak to and meet up with a real person, rather than an online programme. I’m not particularly sure what I’m looking for…
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Trivial benefits confusion
Hi Myself and my husband are directors of our own company I understand we can claim upto £300 pa in trivial benefits it also says that there is a limit of £50 for employees and anything given more is taxable I'm a bit confused, does this mean for example as a director I can receive 6 x £50 'treats' or does it mean I can…
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Holiday Event organization- tailor made tour
Hi everyone. Having an idea to register as a self employed and make tailor made tours for sole travellers. Basically I want to organize self made tours to different countries and be a tour leader whilst on holiday. Do I need to to register with abtol or any another ideas will be highly appreciated. Thanks
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Shutting down a LTD company - never really traded
Hello all, Back in September 2017, I set up a business that never took off. I made about 8 transactions within the first month - I invested £400 and spent this. No money was made. I have researched what needs to be done i.e. DS01 form, final accounts and Tax returns. I sort of understand the basics of what needs doing. I…
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Registered Design assistance
Good morning all Myself and a partner are looking to register a new design for a product that we would like to bring to market. We are new to product design and selling. We have drafted the paperwork required to send off the design (Including the drawings) but was just wondering if there is any value in consulting a…
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Advertising scam
Hi guys, I’m very new to this, but I’m just after some advice. I opened my hair and beauty business in March of 2015 in the April/may we were approached by a ad agency, (I’m not sure im allowed to put any names so I won’t for now) they sold us a deal which would have our ad on certain post office screens around my local…
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Paying VAT to HMRC in advance
Can I pay VAT to HMRC on account? My quarterly VAT ends on 31 December, payable a few weeks later, however this quarter I have already invoiced (and received) a fair amount of VAT. I would rather not have it sloshing around my business bank account, and the business savings account pays just pennies. Or if I do pay in…
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Business didn’t get off the ground (tax?)
I started a business in September and set up with HMRC but it didn’t take off. I accumulated debt but receive no income so decided to quit it before things got worse. I set up as a sole trader and now wondering if I have to wait until April to do the self-assessment or if I can just cancel it? I didn’t earn anything so…
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HMRC Tax insurance for ltd company
Our accountant has sent us a letter promoting their tax insurance scheme to cover any HMRC investigation etc. I'm aware I'll have to check to see if it covers enquiries, visits, letters etc before it ever got to the point of an investigation (I suspect not). The quoted annual premium is a whopping £185. I was wondering if…
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Making Payments
Hi all So I am the only director with 100% shares and owner of a small LTD company newly formed dealing purely online creating and selling digital sound file libraries. I am a UK citizen but not resident. I have a business bank account to separate everything. Sales are very small and infrequent . I would like to know when…
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small Ltd company - 1x 'company car' for 1 employee
Hello I work for a small limited company. I am the only employee that is provided with a 'company car' as part of my overall package. However, it was written off last week. The insurers settled with the lease company so nothing for the company to pay. So a new car is being sought, and quick. However we have been tempted…
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Slow payers - are they getting worse?
We run a business that trades B2B. We have maybe 3 or 4 big clients per year, some of whom are household names. We invoice monthly, and give 30 days' payment terms. Until recently, we had - one client who paid within a week of receiving the invoice (whoop!), - one client who was always a few days overdue (they would start…
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Rent out Camper Van via a ltd co?
We are considering getting our VW Transporter converted to a camper van. There are quite a few websites out there these days that will market your camper van for rental to others when you are not using it - this would help fund it. I was wondering if it made sense to run as a ltd company - sell the van to the company -…
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CRM System for Small Business
Hi All, I'm usually pretty good at answering these questions but I'm a bit stuck. I'm looking for a CRM system for a small business, no more than 4 users. It needs to integrate with both Office 365 and Sage if possible, mixture of Mac's and PC's. We've tried Insightly but it doesn't customise easier enough. Plus you need…
