-
Working with an accountant (lump sum or regular direct debit)
Hi We’ve just engaged with a few accountants and the proposition is slightly confusing us. If say we start trading in a ltd company today (20/05/18), by default the company year end should be 31/05/19. Is the following true: * We can extend company year end out by 6 months so 31/11/19? * Assuming we do extend it to…
-
Privately messaged a business on Facebook and they didn't keep the info private. Is this legal?
So basically I have been looking at hiring a new room for one of my classes I run so I messaged around a few local rooms. Unbeknownst to me one of the women who has read the messages has passed on the information to someone else who I already hire a room from and they are very annoyed that I might be looking elsewhere,…
-
Invoicing & Payments from 2 separate companies
Hi, Hoping you can please? There are 2 companies and the 1st one needs to close, so don't want any trading activities going through it. The issue is, a payment needs to be made to a supplier for the remaining 50%. How can this payment be made from Company 2, without the supplier reissuing another invoice, they have already…
-
Closing down a limited company
I have been quoted £500+VAT to close down my limited company I am solvent I just don't want it anymore as I have stopped trading Is this a reasonable quote or should I shop around
-
Shopify and notifying your mortgage lender?
Hi there, Hope someone might have an idea about this. I have recently found an existing Shopify shop that I’ve decided to buy. It operates on a dropshipping basis so I would have no stock. I work full time and the Shopify business would be an additional source of income, hopefully but might not yield much income either.…
-
Business Websites...
Business websites are more of a necessity today than they have ever been. With more and more people purchasing goods and services online it makes crucial business sense to make sure that a website for your business is a major part of your overall marketing plan. When looking at options however, there are only two real…
-
GDPR for treasurer
I am Treasurer of a motorcycle club. I have been advised that if people do not renew there membership I Must delete there records, however I keep a spreadsheet of subscriptions paid and under revenue rules financial records must be kept for 10 years. Although the spreadsheet only shows names and amounts paid, surely I…
-
Self employed tax refund
I started self employed on the 17th Oct 2017 and want my accounts to run from April to April I have earned £14000 in this time and spent £7000 setting up my business, website, materials, van etc Of that £14000 I paid CIS at 20% Might be silly question but should I expect all my materials, diesel, website and anything to do…
-
Start up loans and mortgages
Hello, just wondering if anyone has any advice on start up loans. I have sent off my application for a start up loan which is proving to be a long process. However, I also plan on moving house in the very near future. Will having a business start up loan effect my mortgage application and bring my affordability down? I'm…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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,…
-
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…
