Recent content by A K

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    Serious advice one starting a hand car wash business

    How's it going man, been 7 years since the post, did you end up going ahead with it?
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    Can someone please recommend me a freight forwarder?

    Need a freight forwarder recommendation. Will be shipping from China to UK. FCL 20ft. Seller has said he can do CIF but from my understanding I am opening myself up to the risk of the freight forwarder adding on extra fees when it arrives at destination port, so shipment will be FOB and I need...
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    Currently making 18k a month from waste removal business. Want to move up the ladder, Need advice!

    So me and my partner have been running a waste collection and are currently making £15-18k net each month. We have both been thinking of opening a tip site, whereas now we just pay to dump at other peoples tip sites. But what is their business model. Do they send most of their waste to the...
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    Do I have to auto-enrol myself to pension scheme (director with 1 other employee)?

    So I am a director and have recently taken on my first employee who is 20 years old, so they are not required for auto enrolment, however now that I have another employee am I required to enrol myself in a pension scheme? If not, will I be required to enrol myself along with my employee when he...
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    Claiming VAT from before registration

    deleted
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    Claiming VAT from before registration

    Wait what? You cant recover input vat on services from the 6 months prior to the 1st day you start charging VAT? Lets say I started charging VAT on the 1st Jan 2020. First VAT return is for the period up to 31st Jan 2020. In that return I cant put claims for VAT incurred when paying for...
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    Paying myself one lump sum in a year

    Hi, I would like to do the same thing but pay a family member who isn't a director. I understand employee taxes are calculated yearly, so even if you make an over payment in taxes you will be refunded after tax year end (so no big deal). However what about employer taxes? Paying someone 12,500...
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    £12,500 lump sum payment or monthly salary for minimum NICs?

    So the employee will not get a tax refund at the end of the year? Obviously HMRC tax in the manner they do as they presume you will make the same amount every month. But after the end of the tax year do they not do the calculations and then provide a refund on the surplus NIC that was paid?
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    £12,500 lump sum payment or monthly salary for minimum NICs?

    This is my original post actually. I posted on another thread as well afterwards as there were already eyes on that question so thought this one will be more likely to be answered as well!
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    £12,500 lump sum payment or monthly salary for minimum NICs?

    I thought paying up to the personal allowance is a tax efficient strategy?
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    taking the leap into Buy to Let

    Not bad. What area are you from ?
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    PAYE

    Hi, I know this isnt directly related but can you help me with this problem. If I paid myself £12,500 at the end of the tax year, lets sat March, from my Ltd company as a director, would the NICS be the same or more compared to if I paid myself monthly £1041.66 from the beginning of the year...
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    £12,500 lump sum payment or monthly salary for minimum NICs?

    So Im a bit confused. If I paid myself £12,500 at the end of the tax year, lets sat March, from my Ltd company as a director, would the NICS be the same or more compared to if I paid myself monthly £1041.66 from the beginning of the year? Obviously the NICS may be larger at the moment of...
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    VAT riddle, Can you solve?

    So what is the actual end point of this transaction... I pull out £10 from my business bank account to buy amazon gift card which I then load up on an amazon account "B" to purchase a product from myself on my seller account "A". The product is not actually sent out. I do this so I can then...
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    Ballpark cost of buying an off the shelf company

    Hi I know this is a old thread but here is my question I am registered as self employed but since the beginning of the tax year my profits have increased quite a bit. If I buy a off the shelf company will I be able to allocate the profits made from the beginning of the tax year to the...
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