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Another GDPR question, would appreciate help
Hello, I mostly post on Old Style. I have looked at the GDPR thread here, but feel it doesn't really apply. I am secretary of our Village Hall. The only data I hold is the committee's names, addresses, phone numbers and emails. I thought that they had agreed to this by agreeing to be on the committee! But someone has told…
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GDPR again - can I check if I am okay please
I am a sole trader, working as a statistician analysing data for various clients. The data I receive from clients is anonymised, so I think that's okay(?) Then I analyse the data and send back the results. All my work now comes through from existing clients or from word-of-mouth, so I don't do any marketing or keep…
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How much admin. involved in running a Ltd Company?
I am thinking of setting up a new (small) company and was curious to ask how much paperwork and administration was involved every year in running a limited company i.e. registered with Companies House? The business won't be very big. It will provide consultancy services to other businesses and should "only" involve about…
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Exporting bank transactions and statements
So I'm currently with Yorkshire Bank business account (for a Ltd company) and exporting transactions is a complete pain. There also seems no way to download statements as PDF. Thinking of moving banks - I don't do any cash transactions, mainly get paid by BACS. Criteria is something with fully functional internet banking…
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Self-employed without a bank account
I've oversimplified the issue in the title of this thread, please forgive me. I have just registered as a sole trader. I am a gardener. People pay me cash. I earn very little. I would like to:* Receive cash from customers * Spend that cash on personal and business things (e.g. My weekly food shopping, a new spade) * Every…
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Best place to get flyers printed?
Hi all I've recently designed some flyers for a bit of part-time affiliate marketing. I'm looking to get a few thousand printed. A5, double-sided, 130-170gsm. In terms of quality and value, where would be the best place to get them done? I've heard of Vistaprint and (with a promo code at least) their prices don't seem too…
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Free business banking forever for small businesses
so, one of the fintech banks, starling bank, is just about to throw a cat amongst the pigeons for small business owners, they are launching a completely free business current account for small LTD companies that have a turnover of less than 1.7 million. it will be free for all transactions…
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Hmrc
Hi there Is anyone else having continual problems with HMRC specifically CIS payments? Ive written and phoned on several occasions ref wrong amounts which they say i owe. Ive explained to them and written out on paper where the amounts were allocated etc but still get threatning letters and fines and people turning up at…
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Selling up business for lump sum
I may have a potential buyer for my business netting around £200,000+Vat. This would be intended for my retirement but would mean 40% to the tax man because of existing earnings. I don't want to avoid paying tax, I want to pay it as I draw from it over a period of years. What if for example, I set up a new sole-trader…
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Ltd company invoices
Hi, I have a couple of questions which I'm unable to find an exact answer from, I would really appreciate any clear clarification. 1. For invoices that I send to my customers, how long must I keep a copy of these records? 2. I use Sage and have recently gone "paperless" so I send a PDF copy of the invoices to my clients,…
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Finding an appropriate office/workshop at a good price
I have a small business which I do part time and I currently have office space which I use to store stuff and take photos of items. However recently thing have taken a turn I did not expect them to and I have started manufacturing small components which involves using power tools such as lathes and mills and it goes…
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Small business but thinking of 2nd business to boost earnings
Hi all, First post on here. Thought it would be the best place to come. My son got really ill a few years back which made me think about life and I decided I needed a change. So i decided to go self employed and started a small gardening/maintenence business. It's great through the summer months but winter can be a grind.…
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Registered a Limited Company - too hasty?
I've been operating a small website for a couple of years now, strictly on a hobbyist basis - no advertising, no income. Currently, the domain and all other costs have just been run exactly as a hobby domain - i.e. bought and paid for from my own cash, with no accounts, tracking or anything else. It's now starting to…
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Can I trademark my business without forming a limited company
Hello people, I run a small business as a sole trader but want to protect my business name/brand. The cost of becoming a limited company is so high and the paperwork is also doubled and a maze of frightening stuff. I can just about cope with the paperwork and cost that I deal with as a sole trader. Trademarking my logo and…
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Claiming 45ppm for a car when I have a van?
Hi guys Here is one for the accountants out there. I started up as a sole trader in July and bought a Transit van for doing deliveries and carrying tools etc. I bought the van 2nd hand for £6k and plan to enter the purchase cost of it, diesel and running costs as separate expenses. I worked out that over two years this…
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Sole trader bank account choice
Hi all. My friend runs a limited company doing aerial filming and employs me as a photographer, perhaps once a month for a small amount between £100 and £200 a time. I want to set up as a sole trader so that I can offset this cost against the cost of my equipment and therefore make 0 profit. I will need a separate bank…
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Big company owing money
Hi all, I started my own business at the beginning of February. I purchased some clothing from a company in the UK. I had to pay upfront and wait a few weeks for stock to arrive. Some of the items I had ordered were out of stock and others were faulty and I had to return them. I was offered a credit note but I declined and…
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Self employed: claiming for rent, rates, power and insurance
Hi all, I've been self-employed since 2007 and had an accountant for the first few years. I've been going through the old tax returns he did for me and noticed that he tended to put down £156 for my rent and rates. However on the last tax return he did for me he put down £704! Does anyone know if there's an easy way to…
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New venture - sole trader novice
Hello. I'm looking for some advice. I am looking to become a self employed sole trader with a website. I am a complete novice as I have always been employed. I'm looking for a step by step guide at what to do. I have been researching and there is too much information so I'm getting in a muddle argh. I have no idea how to…
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Business Investment Idea
Hi, I set up a Limited company 6 months ago and have built up some funds that I would like to purchase some assets for the company. My idea was to use the funds to buy shares in some FTSE100 companies, I have zero experience of doing such thing before within a limited company. I have done share trading personally. Am I…