Recent content by GentleGiant

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    VAT insurance

    We have recently registered for VAT and need to look at our insurance(s) Our accountant does not offer tax insurance. So need to look at alternatives. I note that the FSB offer this as part of their £250 annual fee - is this worth it? I have no idea what this might cost, but can't believe it...
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    Registering for VAT

    Thanks! Solicitor? Don't have one of those engaged. Guess I do not want horrific bills! Need to rethink some of these people. Feel very much alone in this business and we are learning as we go - suppose would love it if I could find a business mentor who can advise us how to expand etc. Lots...
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    Registering for VAT

    last month - we thought we would break it - asked him to register us, he got zero response and then did it via an alternative method and got it done straight away. We will cope, ut appreciate the advice.
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    Registering for VAT

    Not sure I do - he is just saying that we need to increase by 20% straight away. Then reissue the VAT invoice once we have the number. We do not buy and sell goods - we are mainly a service business. Yes we have purchases that are VAT included, but these have mainly been software, office...
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    Registering for VAT

    Mixture of both
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    Registering for VAT

    What about quotes already sent out to clients? Those are obviously without any allowance and might be a month old. No he didn't - but we are at the threshold. Zero preparation or advice! We can't afford to lose 20% on a job - we would have to turn away the job.
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    Registering for VAT

    Our accountant has registered us for VAT. Apparently this will start in a couple of days after he registered it yesterday. However we will not get the VAT number for several weeks. The instructions say that we need to increase our prices immediately by 20% which is hard as we have quoted...
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    VAT confusion

    I have 2 companies. At the moment, both are doing similar things. I am aware of artificial separation, so I need to register the main one for VAT. The business for the second one either needs to be moved to the first one or I need to register the second one for VAT to avoid artificial...
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    Struggling to open a new business account

    Real Estate . The problem is that the vast majority of people in this industry work from home. Very few have offices. I will have a look at them, although we use Xero and so that might rule them out.
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    Struggling to open a new business account

    Set up a new company last month - I expect a reasonable turnover of maybe £500 a week or so I have a registered office using a formation agent I run the business from home My wife and I are directors Starling declined, despite having other business accounts with them Monzo - turnover is too...
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