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Rights When Business Removes an Offer - Cybersecurity Services
I signed up for some cybersecurity services in January this year. I was called and told there was an offer in January that I would get the first 6 months free if I signed up. So I signed the contract online. Now, they are charging me after telling me that I would get the first 6 months free and now saying that no offer was…
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Can I claim taxi fares to work as a Director ltd company
Can I claim taxi fares as expenses to work as a Director ltd company. Its £45.00 per day x 5 days as there is no train at 05.30 am.
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wrong tax code how do I correct on company payroll
I run a small business with just myself and my daughter (part-time) on the payroll I had a message from HMRC saying that my daughter's tax code from 6th April will be 999T She currently also works in a supermarket part-time and has the BR tax rate Last year She worked at KFC which she thought she had resigned from, but…
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VAT threshold increase Dates and taxes
A quick question about the VAT threshold increase . I am currently approaching the threshold at nearly 80k but I have a trade show which I want to attend on the 2nd of April which may push me over the current VAT limit . If the VAT increase is on the 1st of April does this give me another 5k for this tax year so could I…
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Getting near the VAT threshold
Hi Im self employed. My usual income is about £60pa. Over the past 12 months Ive been working on an unusually large (for me) contract which has increased my monthly income, making my rolling 12 month income close to the VAT threshold. Im currently trying to keep my rolling 12 month income to about £82k. I do this by…
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Trading income allowance
Hi not sure if I'm in the right forum. When I fill my tax return in April, I normally put my gross turnover (box 9) then take my expenses off (box 20) and put my net profit in box 21. This year I'm going to be using the £1000 trading allowance. So after I do my gross turnover and £1000 trading allowance (box 10.1) where do…
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How to perform Search Engine Optimisation for my website (SEO)
Hi Folks I have a small business and want to perform SEO so that it ranks towards the top when someone performs (say) a google search. Is it difficult to perform? If so, would I need someone qualified to perform it? Would it be expensive? Thanks
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TopCashback Marketing
Hello you very wonderful and intelligent people that make up this forum. I sincerely hope you are having a nice weekend and everything is going well. I please wanted to ask i know years ago there was hundreds of Cashback sites you could use to get commission every time you shopped with retailers online. Now there seems to…
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Registering for PAYE
As a sole trader. I’ve registered as an employer via the sole trader link on hmrc /Gov.uk and am awaiting my details. I’m going round in circles trying to register for PAYE , it won’t let me do it from my online tax account, saying I need to register as an ‘organisation’ which I’ve done via the link and have a new Gov. uk…
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Compensation payment - how to categorise it? Limited company
I recently received a monetary sum as good will gesture from my insurance company after some appalling customer service. How should I categorise this incoming payment?
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Buying existing Retail business - best for business loan
I am currently going through the process of possibly buying an existing retail business. I have a large portion of the funds needed but would need a business loan to fund the rest. Does anyone having any recommendations. I don't think I would qualify for a start up loan as I would be buying an established business. Thanks…
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Is it possible to switch from Ltd company back to being a sole trader?
Hi my partner and I set up a limited company for our vintage furniture shop last year with the two of us as directors, but I'm wondering if it's possible to dissolve the company so that my partner can just run it as a sole trader. I know there are supposed to be benefits to having a limited company, but so far it's been…
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Vehicle mileage allowance versus Buying a van
Could anyone advise me please, On behalf of my son who is self employed and been claiming 45P per mile on his last few tax returns. If he sold his company the van that he personally owns already and puts bills through for the year rather than claim the 45p mile allowance,Is this possible? Is he doing anytyhing wrong if he…
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Feasibility of setting up an online store
My LO starts nursery two days a week next week, and I don't go back to my day job until early May (going back on reduced hours as well, so will have two days a week at home) and I'm once again considering the dream that I've had for a long time - setting up a little online shop. For context, I love stationery and planners,…
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company car and selling the ltd company
I'm planning to buy a car, but I might sell my ltd company soon, how much do I have to pay the car if i sell the ltd company? I mean If I buy the car with full payment, not leasing the car. Thanks
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Small Limited Company Accountant recommendation
As the title mentioned, I'm looking for accountant recommendations to prepare and submit our limited company tax return. It is a property letting and development company with only two properties under it's ownership during the reporting period (one let, one was being refurbished). I've had a range quotes so far. Right now,…
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Bad advice from accountant: Can we recover money from them?
We have a subcontractor who recently registered for VAT. Long before he registered (and months before the start of the tax year) we asked our accountant (a "Senior Accountant" from a large company) whether we needed to make any changes in preparation. They responded (in an email) that no changes were needed and we should…
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Son's Cake Business
Hi. My son is 15 and wants to start selling cakes on Etsy. He's expecting this to only be small scale with a handful of orders a month so not much money. I've been looking at the requirements and it seems we'd need to register with the Council, take out public liability insurance and register with HMRC which seems a lot…
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How to prevent an incompetent accountant from messing things up for others?
Hi all, Please can someone help me to understand who to complain to about an accountant that my employer previously used who was basically completely incompetent? I don't know which regulator she was operating under (it's stated neither on her website nor her LinkedIn profile). The FCA says it's not them, the ATT says not…
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Basis period change for the self employed
Hi everyone, I'm hoping someone clued up on tax for the self employed can confirm something for me? As part of making tax digital the government will require everyone to change their accounting year so it runs from the 6th April 2024. Most people already do this, but many , like myself use a different date, in my case my…