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Does anyone have a good understanding of entertaining
I've just come across an article that refers to the 'an exchange' concept for allowable expenses for food and drink. "Let’s imagine you’re a freelance journalist and you want to speak to say Andy, who has a world of experience on a topic you’re writing about. You offer a lunch in exchange for his insight into the topic…
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Best way to set up a landline and get a receptionist
Hi, I'm about to start a business and was looking at the most cost effective way people have found getting a number and then getting a number to forward calls to (a virtual receptionist, but not an automated one) so they can forward me the calls/messages. Main reason for this is I am unlikley to be able to pick up calls as…
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Accounting software.
A bit of a long one this, so bare with me. I work as a construction site handyman. I work through an agency who tell me which sites I am needed on each week. I an classed by the agency as self-employed, The agency uses an umbrella company to pay me. The umbrella company deducts my Tax and NI as if I were a PAYE employee,…
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LTD or Sole Trader? And accounting question?
Hi all! I’m in a bit of a weird one. I recently left my full time job and started working freelance. A friend insisted I should work though a limited company for the tax relief and to avoid the high tax I would pay on sole trader income after being on payroll already this year. Another friend recommended their accountant…
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GDPR Non Compliance Scam
Hi everyone, I just received an email advising of action being taken against me (or at least a warning of impending action) from a website called noncomplianceregister .com, They ask that I visit their site and enter my company name to see the actions taken against me. Despite being belt and braces GDPR proof, I was…
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Building own website
Ok, having read a few threads on here and in various places, I am looking to create a basic, low cost one page website for my business. Based on what I have read, Wordpress seems to be a good option with hosting with someone else, maybe TSO? So, I am confused who I buy the domain name from? Everyone wants to sell me one.…
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- Small Business payments
Hi All I run a small part tine business and we cater lunches for meetings etc. I invoice on the date of the event with a 2 week payment wondow. Not one of my customers pays by my terms they all pay on their own payment runs. I haven't been paid for 5 weeks - no income at all, I'm spending out for ingredients for my next…
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Business address - options
Does anyone know how to get a business address for an online sales company without owning a home? Have seen places where you can rent an address and a mailbox to use costing over £40 a month but don't know if this is a good option. So need business address to get a vat number (meant UTR number!) that can be used to open a…
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Health and safety policy
We run a small family business from home, just me and my husband. All of our business is done visiting clients premises so we just have a small office to manage all this from home. We are looking expand and offer more services and as part of that we have to make an application to become registered. As part of the…
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Possible investment scam?
It's been my dream since I was a child to start my own business one day. I have been saving money my entire life to have enough capital should I find a good enough opportunity / starting point. Such an opportunity has presented it self, but I am extremely dubious. I'll try and keep this short, however, my father often…
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Partnership to Sole Trader and Overdue Client Invoice
Hi all, just need some help here as I'm not sure what to do. I was in a partnership and my business partner had to leave due to personal reasons thus leaving just myself as a sole trader, this was amicable and we are still friends but left me in a bit of a quandary regarding a particular client that has an outstanding…
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backdated VAT not being paid by employer
Hi All, So about a year ago I worked as a contractor(under my own Ltd company) for a VAT registered employer for one month. Having always worked as a permanent employee, this was my first and only time working as a contractor and therefore did not know much about how these things work. At the time when I created my company…
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Income from other sources
Dear Forum I would like to ask you for advice about income from other sources . I am self employed and my main and full time business activity is artistic design . Anyway on the begging of November 2018 I started receiving bookings from recruitment agency for part time jobs in catering . The recruitment agency treats me as…
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Need to clarify director pay from financial accounts (small Ltd company)
Can someone clarify how much this director personally earned for this year? On the financial statement for his small limited company it says (in column format); `Advances/credits to the director'=£72654 then next to this `Amounts repaid'= (£92883) then next to this `Balance outstanding'=(£20234). Then there is a section…
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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…
