Recent content by diviachi

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    Best way of paying directors with uneven hours fairly?

    How has this thread become something completely different to what I was asking about? Again, there are no problems between the directors. There is nothing to sort out. We are not arguing over 1.5 hours a week. We are happy with the way we are working. We are not complaining about anything...
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    Best way of paying directors with uneven hours fairly?

    We do indeed work our butts off, but when one director puts in more time and effort than the other I don't think it's unreasonable for that director to be paid more. At the moment, I work a 5 day week (9 hour days Mon-Fri). The other director works a 6 day week (8.5 hour days Mon-Fri + the...
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    Best way of paying directors with uneven hours fairly?

    Thanks for the replies so far. Just to clarify, there are absolutely no problems in terms of agreements between the directors. We both want one director to be paid more since at the moment it works out that one gets the equivalent of an extra £2000/year. The other director doesn't drive and...
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    Buying wholesale customer returns for resale

    I have an electrical shop and I've dabbled in this, buying stock from both eBay and graded wholesalers to do up and sell on. It was a bit hit and miss and I found that you have to go on your common sense and instincts. Some of the lots I picked up were great, nothing wrong with the stuff except...
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    Best way of paying directors with uneven hours fairly?

    I've set up a limited business with a family member (not spouse) and we are the only directors. Our accountant has advised paying ourselves a salary of £624/month each and taking out dividends from the company. However, one director currently works 45 hours a week, the other 46.5 hours. In...
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    Ebay moan - anyone been here before?

    We had a similar thing happen to us and came to the conclusion that eBay are occasionally just bonkers. We sell electrical appliance spare parts, top rated seller, silver powerseller, 5000+ positive feedbacks, seller since 2008. We can list in every category except electric floor polishers...
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    Electricity rates for small businesses, where's best?

    Just been through the same thing myself, I think I got online quotes on the npower & edf websites, from memory. If it helps, I eventually went with edf via BusinessJuice. They had the option to email or freephone them, or request an email back, which is handy if you don't want sales calls.
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    New director tax codes?

    Having previously been self-employed, my husband and I have never had tax codes as tax has been collected via self-assessment. A year or so ago we set up a Limited company and closed our partnership company, but to date haven't drawn a salary while the new company was getting on it's feet...
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    Business electricity contract- can we cancel?

    We're currently on a business electricity contract which doesn't expire until 31st March 2014. I can get a cheaper contract so would like to switch, but we're stuck until then. However, when we set up the contract we had 2 companies running from the same address, a partnership and a limited...
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    Is a Paypal receipt & seller's VAT number sufficient to claim back VAT?

    Hi Andy, thanks for the reply. The Paypal receipts don't have the VAT numbers on them, but the seller's VAT numbers are included in their business info in the eBay listings. A lot of the listings even specifically say that VAT is included but getting a proper receipt is often like getting...
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    Is a Paypal receipt & seller's VAT number sufficient to claim back VAT?

    My Ltd business has started buying hard-to-find items from eBay, mostly low value purchases (<£50). We are VAT registered and buying from a mix of VAT registered and non-VAT registered businesses. Not all of the sellers provide a receipt with the orders, and I usually get ignored when I email...
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    VAT period reference help

    Thanks, Anna. I thought that would be the case but couldn't find a definitive answer anywhere!
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    lighting advice

    We sell LED lights and they're genuinely fantastic. Not only will they save on your electric bills but you can now get them in daylight, cool white and warm white colours. We tend to fit warm white in shop windows, lounges and kitchens and daylight in bathrooms, workshops and utility rooms...
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    VAT period reference help

    Hi, I have an HMRC form that I'm filling out that asks for my VAT period reference numbers. I file my VAT returns using Quickbooks and I can't find anywhere that says the period references. Guidance on the HMRC site says that (for example) June 2012 is 06-12, but what do I put down to represent...
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    Advice on combined tradesman & shop insurance

    Hi, the shop insurance policy is £380 (includes £27K of stock, £3150 fixtures, £1500 windows/glass & £3500 cash). The tradesmans' is £330, including £10 million Employer's Liability and £2 million Public Liability.
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