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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…
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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…
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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…
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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…
