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Profit overlap and self-employment
Hi all, just wondering if anyone has an understanding of profit overlap and whether or not I need to do anything until I cease being self-employed. I became self-employed in September 2007 and for the first few years (until 2012) had an accountant. I do my own tax returns now. My accounting period is September-August each…
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Sole Trader - Buying a Car
Hi, I am self employed and need to buy a new car. I have been reading the HMRC website and from what I understood if I buy a car with a emission rate <75g Co2 i can claim a first year allowance of 100% (of the business use) I'm slightly confused about this. So the hybrid car I'm looking at costs £30000 - toyota Prius…
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Closing hsbc account while still having loan with them?
Hi, I am thinking of closing my hsbc business account and going with starling bank to save the fees but will I be able to do so as I have a business loan with hsbc? Thanks
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Can I change an accaount mid year?
I am a LTD director with two people on payroll including myself. How easy/difficult for me to change the accountant now without having to wait until the end of the year, as I am very unhappy with him at the moment.
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Invoice different from quote
Hi there, I recently paid an invoice which was different from the price quoted to me. I didn't really notice because the invoice came in as £7.81pp ex VAT and the price quoted was £7.18pp ex VAT. I ordered 200 so I'm about £150 down. Do I have any recourse? Any help appreciated!
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Collecting Credit Card Payments
Hi all I am not sure if this is the correct forum for business users so forgive if not. My company has decided to collect payments from customers via their credit cards. We had a bad experience with a previous card payment supplier, charged exorbitant cost for inks, papers, machine and long term contract, and we are a…
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Soletrader risk living with parents
Hello all, I care for parent while living and working from their home as a sole trader ( ebay and amazon ). My bank is registered at their address and I have registered with hmrc as self employed at my parent's address which is their property outright and under their name. As an online business I only use the internet. I…
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Question about late filing fee
Hi everyone. I set up a Ltd Co after being made redundant 3 years ago - I was advised to do so in case any consultancy work came my way. It never did, and the Co has never traded. Each year I've 'filed' online attesting that the Co is dormant. This year however I was a few days late, and incurred an automatic fine. I have…
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Leasing/Renting my personal vehicle to my own companies
Hi all, Bit of a complicated question (for me at least!). I'm hoping one of you will be able to help me out! I own and run 2 LTD companies, lets call them C1 and C2. I plan on getting a vehicle (a small petrol van) which I want to use for personal use (popping to the supermarket etc) and also for trips when transporting…
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Drawing a salary from a limited company
Hello My husband was made redundant several months ago, so has set up a limited company & is doing consultancy work. When drawing a salary do we have to work out & pay tax/nic each month? Or does he need to complete a self assessment at the end of each year? We haven’t yet registered for PAYE. Also is he able to claim…
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Facebook help please
I have a facebook page for my plumbing business, I last posted on there 5 years ago. I also have a personal facebook account. Ive forgotten how to post as my business. Ican see my page but just dont know how to post. When I try to get passord with email it seems to be my personal account. I remember this happening 5 years…
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MCOL against company or project manager
I have just finished a contract tiling a new bar in Nottingham. I was approached by a project manager, lets call him Mr. Z, to do the work, costs for my labour and payment schedules were agreed with him. All my dealing were with him, all instructions on what to do, when to do it, how to do it. I even went to the tile shop…
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Small claim where to serve papers
I did some work for a company and they owe me £5,500. I have contracts for the work done and also a number messages from the firm saying I was about to be paid. I have been paid some money by the firm previously but I have heard from other people (after I accepted work!) that he is an awful payer. The firm has a fancy…
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Free business plan software, Enterprise Allowance, etc.
I have been considering setting up a small business and I want to put a business plan together. I am currently under the Job Centre and in receipt of Universal Credit. I am in that 'black hole' between benefits and I am getting into some debt with rent and council tax. I have also had to take out a loan of Universal Credit…
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Commercial software for partnership self assessment SA800
Hi all! I'm filling the tax return form my small partnership for the first time online and realised that you have to do it through a commercial software. :eek: There's a link to a long list of possible choices on the HMRC website and I was wondering which one might be best. Unfortunately as a new user I can't post here the…
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Card machine reader
I really need some help please. I have been hijacked by a company called RMS services. They are threatening to take court action against me for stuff that I haven't done. They supplied a card reading machine at my hair salon and didn't give me the full information. I have been in touch with them for two years trying to…
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Business Bank Account
Our free banking with Nat West has expired and our Ltd Co is now paying bank charges. Bite the bullet, or try another bank? I have a personal account with Starling - has anyone tried their business account?
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small children business good way to watch movies in various sites?
Hi all looking for advice for watching movies at various sites legally. Its for a kids club and currently we are using apple TV, Universal rated movies only, but concerned that you can only use your apple id on a maximum of a few sites before each sites are effected. Are there any other kind of legal services out there for…
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Early cancellation- advice please
Hi, I recently set up a small dog boarding company and have terms and conditions in place, but they don’t cover the recent event I have encountered. A dog came to stay in my home and was an incessant barker, to the point he was barking before 5am, if other dogs played he barked, any slight noise like a car door closing he…
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How to most cost effectively get out of workplace pension enrollment for my wife?
I havc recently set up LTD where my only emplyed except myself as a director is my wife. Today I have received a letter from The Pension Regulator telling me that I got until 5 September to auto enroll my eligible employees. Obviously we are not at all interested in this. How do we get out of this requirement. Do I have to…
