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charge backs - ecommerce is dead

K
I am not trying to be smug and can imagine your pain - chargebacks can be symptom of your business model, your attitude towards customers and ultimately the products you sell - sell sh*t and sh*t happens - maybe its time to change your products and your business model - if you are indeed so sick of it.

Business is simple and eCommerce even simpler - keep it simple and concentrate on QUALITY!

Price looses every single time.
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Looking for an experienced bookkeeper for advice/training [paid]

MyAccountantOnline
kujina said:
Hi!

I’ve just started a business and I’m looking for an experienced bookkeeper to give me some general advice with bookkeeping (not training on the accounting system I use). I’d like to do this remotely with screen sharing software such as TeamViewer or Anydesk while I have my cloud accounting system up. We could do it in at least one 1 hour paid session?

Thanks.
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If you use an accountant it is worth asking them.

Accountants often work with bookkeepers or know of good ones and they may well be able to recommend someone.
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cooperation tax after long development

WaveJumper
You really have some good advice above, take it and go see a professional in this field. You have two issues one the NOW the most tax efficient way to get where you are going, and hopefully the second if you suddenly receive a great windfall of money how are you best going to deal with this .......... you need to be prepared if not you are going to kick yourself later.
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ltd company registration transfer

WaveJumper
99jeff99 said:
Hi, new here!
I am looking to set up a limited company with a friend to commence in the autumn.
We have a company name in mind that is not yet registered.
We are both currently employed and want to start the business as soon as we leave our current roles.
The issue is that, whilst in our current jobs, we are unable to register the company in our names (conflict of interest).
Is it possible for someone else (that we know) to register the company now then transfer full ownership at the appropriate time? If so how would we go about this? And how would it affect our friend in terms of tax etc who is currently employed as a teacher?
The reason we want to do this is so that we can hit the ground running, so to speak, and get everything set up and ready to go when our notice period is up. Thanks in advance for any thoughts/advice you may have.
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The simple answer is yes they can, messy though as they are going to have 100% of the shares registered in their name then you will need to transfer over at later date. Although not all that complicated do you know what your doing or are you going to have to get advice and pay someone to do this for you. In answer to the tax query, the company is an enterty in its own right the company simply put (as its late) pays the tax unless of course this friend took money out the company and this would then be added to their own personal income and taxed as appropriate

Having said all that I suggest you slow down and step back a moment

1, do you really need a ltd company
2, do you really now how to set one up properly
3, do you have any idea how much it will cost to run, accounts etc etc

There are lots on threads on above topics do some research FIRST and know what you getting yourselves into . Best of luck with your knew venture and welcome to the forum
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Invoices/Receipts

paulears
The VAT thing doesn't really matter. You generate a receipt with or without the VAT number on it as appropriate if PAYPAL haven't done it for you. Lots of people who are VAT registered don't have issues with this either. I generate an invoice for each sale. I tell people they can have a VAT receipt on request and I send them a pdf. So far this year, I've done two!
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Potential Bank Reconciliation Problems

MyAccountantOnline
Ritchiec80 said:
Hi

Just wondering how to solve a problem using quickbooks online....

I'm working on the cash basis...

In tax year 2017- 2018 I was using wave app and hadn't realised that when raising an invoice it took the full amount into account rather than the deposit taken at the time (I'm a wedding photographer so I take a £200 deposit and the £900 balance might not be paid until 2 years from the raising of the invoice), Because of this I ended up paying lots of tax that year on money I hadn't yet received.

Anyway for tax year 18-19 I started only inputting the cash that I had actually received but because of this in tax year 19-20 I will end up receiving a lot of cash into my bank that I've already paid tax on so how in quickbooks do I deal with this when it comes to bank Reconciliation? I will obviously have to acknowledge it but don't want it on my balance sheet as I've already paid tax on this during 2017-18. Thanks in advance.
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Your accountant may have already adjusted the accounts he/she prepared to ensure the income was correct. My advice is to speak to him/her to clarify the position.
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Family loan to me or to my company? What's better for tax?

SteveHa
Loan repayments are not taxable, only the interest on those loans, and since they are interest free, the whole of your profit is taxable.

If you register as a limited company and the money is loaned directly to the company, and then you use some of that money for personal expenses, you create a separate transaction which will represent either a loan to you subject to S.455 tax and, possibly, a benefit in kind, or income subject to income tax.

You need an accountant to work through the whole quagmire.
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Starting a Letting agency

Mark T Jones
tashley said:
Is it really as rosy as Agent Vision and Southcourt promote it in their adverts or should I steer clear and stick to my boring teaching job.
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I don't know either, but can say with absolute confidence that the picture isn't as rosy as they paint

There will always be opportunitis for premise-based agents, even in a poor market, but you need to know what you are doing and what your USP is - from a quick look, both of those you've mentioned appear to be pretty generic 'business in a box' operations who are desperate to sell to anyone who will buy (the antithesis of a decent franchise)
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Auto pension

Newchodge
It will take some time if your employer is not to commit a criminal offence.

For once, when the scheme was set up. it was realised that some employers may simply claim that their employees wish to opt out, wthout going to the trouble of actually asking them. So the employer is required to auto-enrol anyone who is eligible and start taking contributions on the first paydate thereafter.

The pension provider will contact the employee with details about the pension and how to opt out. If the employee chooses to opt out they must follow the pension provider's instructions. If the opt out process is commenced within the time limit (I think, 1 month) any contributions paid will be returned. If the opt out takes place after that date the contributions will be held until the employee can access them through retirement (currently aged 55 minimum).

Your employer would commit another criminal offence if they were to inititate discussion of opt out with you or, if you initiate the discussion, if they were to do anything to encourage you to opt out.
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