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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…
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Commercial lease - what happens with rent review if the lease just rolls over?
I wonder if there are any solicitors out there with experience of commercial leases? My friend has asked me to look at a lease for him but I am unsure of the answer to his question. It is a fixed term lease which finishes at the end of this year and contains the procedure for two rent reviews to take place on two set dates…
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Unpaid business rates on Ltd company
Hi We have ceased trading a limited company owing £1500 of business rates. The company will be closed down very soon, my question is, will the director still liable for these arrears or can we write them off with the company, which had no assets whatsoever? We have been in touch with the council but all they have done is…
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Extending 1st Accounting Period
We want to synchronise the corporation tax and accounting period. We incorporated 23/04/18 and the default accounting end date is 30/04/19. Am I right in saying that we should amend via webfiling/AA01 and change the accounting reference date to 22/10/19 which is the maximum 18 month period? We are due to start trading on…
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Keeping records
Hi all I run a small handyman/ gardening business. (Sole trader) Looking for a little guidance as to whther I am keeping my records correctly and whether you think I need more. I use my private vehicle (my only vehicle) and insure it for business use. I have two separate accounts, one is my personal account and another…
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Free food for charity over Christmas
Aldi are shutting early on Christmas Eve and donating all the fresh veg etc that they have left to a charity. The details are here on twitter https://twitter.com/AldiUK/status/1059762388570959872 Are you a charitable organisation? Would you like to receive fresh food to help spread festive cheer to those in need this…
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Liz
Please can someone give me some advise. My husband is a contract worker and has his own Limited company. Due to illness he is unable to work so there are no funds going into his account. We still are having to pay Accountancy Fees, Bank Charges etc, so the money is constantly going down. There is Corporation Tax which…
