Recent content by Jimwatson

  1. J

    Sub contractor query

    Hi hope someone can help; I am a sole trader electrician, only started last year and work is sporadic. Anyhow a friend of a friend has introduced my to a builder who has alot of insurance work and can keep me busy. If I done most of my work for this builder would I be classed as a subcontractor...
  2. J

    Sending customer a receipt for a cheque

    Okay thanks, I will look into it.
  3. J

    Sending customer a receipt for a cheque

    Okay thanks, most customers want receipts for their payments !
  4. J

    Sending customer a receipt for a cheque

    Thanks for the reply, all my customers are one offs (im a plasterer and just gone self employed). Just wanted to know what most people do when receiving a cheque, do you only send a receipt when its cleared ??
  5. J

    Sending customer a receipt for a cheque

    Hi can someone tell me the rationale for sending a customer an acknowledgment and/or receipt for payment by cheque. I done some work today and customer has paid me by cheque; do you usually wait until its cleared before you send a receipt ? If so, do you send an acknowledgement that you have...
  6. J

    Ltd Bank account as sole trader

    Okay thanks for all the response guys, most helpfull; looks like I will have to open another account at a different bank.
  7. J

    Ltd Bank account as sole trader

    Have the bank got this wrong then, they will not allow me to open a sole trader account. If the LTD company remains a separate entity (even thou it has the same name except for the LTD), then surely it should not make any difference to them.
  8. J

    Ltd Bank account as sole trader

    Okay thanks, I dont want anyone starting up a LTD company with the same name, thats why I registered it in the first place but thats not my issue really. Would I be able to use the Joe Bloggs Holdings LTD bank account, as a sole trader. If I can do that there will be no need to change banks.
  9. J

    Ltd Bank account as sole trader

    I registered LTD for name protection, its a good name and I dont want others to use it; I know sole traders have some protection with names but going LTD offers a better level of protection. Should I approach the bank and make a case that as a sole trader and LTD are two seperate entity's that I...
  10. J

    Ltd Bank account as sole trader

    It was a mistake on my part that I showed the bank the LTD letter, it was in my folder with all my other ID. However he flatly said that I cannot open a sole trader account, because I have registered the company as LTD.Im in a pickle now, Can I still trade as a sole trader even though I have...
  11. J

    Ltd Bank account as sole trader

    Ally, I went into the branch this morning with the intention of setting up a sole trader account; when I showe him my ID, including a letter from companies house, he said "oh your a LTD company, therefore you have to have a LTD account". I tried to explain that I will send in dormant accounts...
  12. J

    Ltd Bank account as sole trader

    Hi hope someone can advise. I registered my start up business as Ltd with Companies House a few weeks ago; I did this to protect the name and was advised to send in dormant accounts at the end of the year, however I wish to trade for the time being in the same name (minus the LTD) as a sole...
  13. J

    VAT registration

    Okay thankyou
  14. J

    VAT registration

    Hi all, new member here with a easy question. Im a complete novice, you will realize after reading. If as a sole trader my turnover reached the threshold to become Ltd, does this go hand in hand with VAT registration. In other words if my turnover reached the threshold would I HAVE TO go VAT...
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