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Whats best way to Receive payment from USD?
Im currently in negotiation to do a short bit of online work. And the employer is going to pay me in USD. They originally suggested to do it through PayPal. But I'm trying to find out if there is a better option. I even checked my banks website, but the only information I could seem to find is about buying currency not…
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VAT on energy living above a pub
Hello Query on a landlord that lives above a pub. The gas and electric for the accommodation run off the same gas and electricity meters. There are no separate meters for the pub and accommodation. Currently paying 20% VAT on the gas and electricity. Have been advised that this should be split 80/20 with the 20 split…
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Paypal and new Ltd company
Hi I am looking for advise, I have just started a new limited company, I have 2 PayPal accounts and I will be taking some payments through each. One is attached to my personal bank account. Can I withdraw the funds from the paypal, to my personal bank account, then send over to the business bank account? is that allowed?
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making tax digital
hi does anyone know how the making tax digital will effect sole traders earing very little will we all have to now go to an accountant to have submit tax returns
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Growth Fund Grant
Hi, I would like advice on how to check out a grant offer to start up a small business. The application process was very easy (phone calls) and didn't require a business plan. An offer has been received from another company, but would like to know how to check that it is all legitimate. The terms and conditions don't…
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buying to sell
Hi everyone, i am starting a business making things to sell. But along side it i am thinking of buying some items in to expand my range. I understand i will need insurance for the items im making, i know i will also need to check with my mortgage provider, home insurance provider and council and will need to register as…
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When does it become a business?
Hello everyone. Hello, I want to create a website with some friends. We want to create a sort of network/ hub for a specific industry. Companies will be able to create profiles and interact with each other, among other things. We are engineers, and at this point this is more a hobby than anything else, an opportunity to…
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Using Partner's account to receive money?
Hello, I'm starting a new business, still waiting for HMRC to confirm self employed, and to open a business account / stripe account setup. While I'm waiting for all the paperwork to come through, I may have a client who wants to pay immediately. Would I be able to use my partner's (life, not business) personal account or…
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Business savings accounts?
So after following Martin's advice over the years I've got myself a relatively cheap mortgage, various bank accounts with funds scattered across TSB/Natwest/Halifax etc to earn their monthly bonuses and higher interest rates. Now I've started to look at my business reserve account. Currently there's a little over £5k in…
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Best business bank account for cash deposits?
Hi, I am a newish business owner and am about to come to the end of my free Banking period with tsb. Does anyone have any suggestions for a business bank account with reasonable charges for large regular cash deposits (mostly coin). Don't mention the co op as they don't want my business... Thanks in advance 😁
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Debit card for our charity?
Hello -please move this to another forum if you think it would help. I am a trustee of a charity employing one person. She needs to purchase things frequently like craft materials/books/shelving and son on. In the past this was fine, most people took cheques, but now she could do with a debit or credit card as any items…
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own business NI/Tax whilst working part time
Hi, My wife has recently started her own venture which is relatively small to start with however being self employed she will obviously need to complete a self assessment for HMRC. However she will also be working part time at Tesco's. Is it simple to factor that into a self assessment?
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Insurance Cover
Hi I run a small payroll outfit - I had a query from a client who has recently gone through a HMRC investigation who was asking if I had insurance to cover if there was a PAYE investigation I am a bit confused as to what kind of insurance they are referring to?
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Can I claim back VAT when paying with gift card / vouchers
Hi all, I run a VAT registered company and my current laptop is starting to give up. I plan to get a macbook as a replacement soon. I can get a discount on Apple Store gift cards. If I purchased these Apple Store gift cards, and then purchased a new laptop from the store, then can I still claim back the VAT part of the…
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My partner ending self employment - future NIC question?
Hi all, Hope I've posted this in the right section, apologies if not. I'm working full time, but my partner is self employed as a sole trader for the past 3 or 4 years in an online business. We have 2 children Her only history before then was working from a late teenager til that company went bust (which resulted in her…
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Valuation Office agency visits?
Hi all, I'm having terrible trouble with this agency. They are telling me that I have provided no evidence of structural walls within my business premises. I have no idea how I can do that on paper. I have asked them to just come and visit my premises so they can see for themselves. They say they don't do that but I know…
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Online Business/Online Payments inc Overseas
Hi all I have an online training company. Currently, we take payments via bank transfer rather than PayPal (which would be a likely option I think) however we also have downloadable courses and the time spent waiting as a client is too long. Think of making a request, waiting until the admin is online to respond with bank…
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Small Business & Mortgage Application
Hi all, We would like to set up a small business, an ecommerce site selling resin jewellery. Myself and my wife are both employed (and will continue to be) with good credit ratings (Experian over 900) the business will hopefully add to our income in the long run, but for now we want to have a go learn the ropes so to…
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Raising money for charity as a business
Hi, I work for a small company in Birmingham. We regularly take part in charity fun runs under our personal names, not listed as the business. Does anyone know of the best ways to;* Increase our fundraising whilst not sounding pushy to our customers and prospects * Increase funding with things like; gift aid; tax pay-outs…
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Thanks
Thanks for replies
