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Reasonable Costs for Accounting

Expim Solutions
The quotes sometimes also reflect how busy the accountant is (it applies to any other industry as well). If he is really busy and needs to do overtime to do your work he will charge way more than his normal rate. On the opposite side if he has lots of free time, he can include some discount in the quote.

As an accountant myself here is the tip on how to choose the right accountant for you. Talk to your accountant regarding these 2 things:

1. If Flat Rate VAT may help you financially - his answer should be "Yes".
2. Best salary/dividend structure - here he should be able to give a salary structure where you pay no employee or employer NI but still qualify for state pension year accrual.

If he manages to provide correct detailed answers to both of the questions most probably you can go ahead with him even he is the cheapest.
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How far back can business rates be backdated?

kulture
You should be very careful and look at all the consequences. If the property becomes mixed use residential/business then it becomes harder to sell. The potential buyers have a problem getting a mortgage as many providers will not lend to a mixed property.

Then there may be a capital gains tax implication. This tax is exempt on residential if it is your main home. But not on the business portion.
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Book-keeping for buying from Amazon Marketplace?

MyAccountantOnline
Alexio said:
What is considered good practice for this?

At the moment we have Amazon Marketplace as a bank and each merchant as a supplier, but the bank part doesn't seem right, and it's a lot of transactions to enter for a simple purchase.
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Why do you need to create a bank account called Amazon Marketplace?

I'd just have the suppliers and then make payments against the supplier invoices assuming you want to have a full purchase ledger.
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recommendation for car sales website

TotalWebSolutions
fisicx said:
Why ecommerce?

What you need is a listings platform as most buyers will prefer to do a bank transfer, cheque or cash. If you want ecommerce with credit card payments you will need a payment provider and probably a monthly service charge.
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Just a note to say most of the big acquirers in the UK will not entertain merchant/payment services for this sector unless there is a permanent forecourt which they can visit for approval.
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Leasehold Business

The length of the Lease when buying the business is irrelevant really - the 180k (as mentioned above) is effectively for the business and its assets. The Lease may have some value but not very much. What you need to do is assess the Lease and your requirements. At the level you are buying in at there is some risk and you will need to trade for a relatively long time to ensure the return of all of your monies. Therefore, I would recommend saying to the Landlord we are buying the business from your existing Tenant - we want the existing Tenant to surrender its Lease on completion and then for ourselves to be granted a new Lease of X years on completion.

It is then up to you to negotiate terms.
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Taxed on expenses - PAYE

MyAccountantOnline
pbdesigns said:
Hi,

I'm just doing my wife's Self Assessment return (I know, very early!).

She was previously earning additional self assessment income, and we now only do the return because of her professional fees.

For one of her employers, all her mileage allowances have been taxed by the company. Surely that's not right, being an expense? Seems odd to be taxed on an expense, and for it to be treated as income. What needs to be done to fix that?

Thanks!
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What mileage allowance was taxed?
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Sole Director resigned from company with CCJ

Mark T Jones
Seriously, what you can do and what you should do might be quite different

How much time / energy / money do you wish to put into this?

Pursuing an individual on corporate matters can be very tricky and, being blunt it appears that this individual is rather slippery.

I don't know what financial sums are involved but unless you have the time and energy to pursue it on principle you might be best just chasing the company for the CCJ.
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What is and isn't acceptable to use in a new business name?

I have a business and that business has a name. The name is not unique. There is a furniture shop, a theatre, a recording studio, a bar and an IT company by that name (and possibly loads of others as well).

BUT

The name is unique to my type of business. If someone opened a business in the same field and used the same name, I would be forced to hit them with litigation and do so as hard and as quickly as possible.

The list you have given for Dark Star is, therefore, also a list of about 50 things that you cannot do with that name, such as a comic book, a novel, a film or a video game.

You could, however, publish a song by that title, as the song title has been used some 12 times and whoever was first failed to litigate to protect their song title.

Chances are, you are OK with that title, as it has been used for so many odd things and so often. But you would find out if it is OK soon enough if you do use it - depending on how deep the pockets are of whoever wants to protect the name.
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Not received first paycheck yet

Graham Tyers
Newchodge said:
Was it as exciting for your staff? :D
On a serious note, if that happens again and you want to run the figures past me, feel free to just ask.
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Thanks - there were a few I didn't cock up, so I took that as a success on the whole. Not having done payroll for 25 years it was quite an experience.

The next time it happens, I'll definitely be in touch.
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Business Software

F
There is also the pay-per-server pricing model. One could rent a $10/month DigitalOcean.com droplet, and on that host ERPNext.org. Does ERP/CRM and should work for ~10 users.

Edit: ERPNext.org is free opensource software. They do offer hosting themselves too, but the idea is you can download their software completely free and put it on your own server. This is best as you own your data entirely + the server is closer to you, so it's faster.
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