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Factoring Cost
Hi, We have been Factoring our invoices for 8 years and always need to draw down our money down as a chaps payment. If I send money to a supplier on a chaps payment (nearly instantly) my bank as far as I know does not charge or if they do it its minimal. But the Factoring company charges £25.00 for each transaction. Is…
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How long to keep insurance docs?
Hi, I wonder if anyone can give some advice. I have been given a large box of paper relating to a charity and I am working my way through getting rid of paperwork no longer needed. I have found guidance in gov.uk but ne thing I'm unsure about is how long to keep insurance documents? The charity has a building so has always…
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Back dating of invoices by landlords
Hi, I'm a director of a small company and still being quite new to the roll I'm still coming across things that don't seem right or legal. My business is operating out of rented premises and the landlords send invoices only 1 week before the rent is due, however they back date the invoice by three weeks. This is…
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Branding Pack Services
Hello, I'm looking to purchase a branding pack for my company (if you don't know what a 'branding pack' is, its basically a set of bespoke designs that be used across your logo, wallpapers for social media channels, website, invoices, letterheads, powerpoint presentations, communication materials etc) So far my research…
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Business banking
looking to switch to another business banking account. Any recommendations please
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Self employed need advice
Im self employed and just need some advice on whats below and if its tax deductable... Insurance I only have liability insurance do you think I should have some kind of illness insurance, injury and /or health insurance and life insurance? Contents insurance? Purchasing a car and tax deductions , I was told its better…
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FreeAgent Alternatives
I'm running a web hosting company currently and registered as a sole trader. I'm looking for an alternative to FreeAgent but for a fraction of the price. Whilst I know cheapest isn't always the best, I'm really not sure I'm getting the best out of the money with FreeAgent. £21/m to just import my PayPal/bank, explain…
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VAT Disbursements
Hi All I am having a slight panic as I have only just realised that the VAT threshold is a rolling 12 month period and not my tax year- tax year! (stupid I know) Looking at my turnover this would have put me over 3 of the last 4 months. I knew I would be close by the end of my tax year but I didn't think to check as I had…
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Google Sheets formula advice
Hello I have created a spread sheet with various tasks to be completed before a project starts. I would like to reuse the template for different projects so I would like to create formulas that automatically fills 'complete by dates'. For example, a project starts on 1st August 2018. I have 10 tasks that need to be…
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Business at home
Running a business from home. Using electric and water, we don't have gas. As it's a limited company I can't used the simplified allowable expense. How/what can i claim for. I have my own insurance, I do not allow customers to come to my home. The house is mortgaged in my husbands name only. I'm not sure what else you need…
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Projected income based on these numbers?
Hi there, I have been offered a contract where it will be paying me: * £390 a day * Outside IR35 * 6 Month contract - around 140 working days * Estimated expenses for me monthly are £900 (that will be coming out of my LTD company) a month taking everything into account I am working through a LTD company and VAT registered…
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Correcting a name with companies house
Hi everyone, I set up a limited company recently but realised that I registered it with my marriage name but want to go back to using my maiden name. My question is: how do I get this information updated with companies house?
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Benefit and shareholder
Hello there, I am currently in receipt of ESA. My Brother started his own business and made his girlfriend a 20% limited shareholder. They have now split and he wants to transfer the shares to me. However, I am worried that this will affect my benefit. Any ideas please. Thanks
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Gift Aid spreadsheet
I am filling in the gift aid donations spreadsheet for HMRC to reclaim gift aid. I am claiming for donations over a number of years. So if a donor gives an annual donation of £50 I have to record each donation separately as they occur in different accounting periods. Do I have to enter that person's details in every time,…
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Me and fiance thought of a business idea... what's the steps of making it possible.
Buisness idea: We're wedding planning but both finding it difficult to find a venue woth our wants and needs. We thought of the idea that there should be a wedding builder that helps piece every single thing of the wedding together to make it pretty much exactly how you want your special day to be. For an example, we both…
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Domains
When you buy a domain is it yours forever? Have you always had to buy domains?
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Card Machine
Hi All, We have a small business selling paving slabs / concrete posts and fencing etc, we only accept cash or bank transfers at the moment but are getting asked about card payments more and more. Can anyone recommend a good card reading machine that is mobile please? A rough idea of cost would be great, out bank…
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CCJ issued against us after we had paid out of court! Claimant did not close case !!
Ok, I have an issue , I’ll try and break this down for you as it spans months. I am a sole trader and we were using a SEO COMPANY based in London to improve our website ranking on google, the company promised 13 keywords after 6 months if not they would work for free until it was ! Moving 5 months on and 3 or 13 words was…
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Closed Business - Stuck Funds
Hi, my partner closed her business and asked her accountant about what she should do about the funds. She was told to leave them there and they'd instruct further. The bank has now closed and the funds are locked in a closed bank account and Natwest have told her that she has lost the money and it'll go to the Treasury. Is…
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Fixed Assets - computer equipment
Hi, Doing my first accounts and not sure how to record my computer which was purchased specifically for business use. It cost £1449 mid-November and company accounts run up to the end of April the following year. A) Are my fixed assets in year 1 £1449? B) Or do I allow for 33% depreciation so assets in yr1 are £970? And…
