Recent content by Leew2143

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    Sole trader looking to close business & remaining stock

    Hi there, I’m a sole trader & thinking about giving up the business. With a stock value of about £1000. Could I give it away or donate to charity? How would that work in regards to final Accounts? Regards
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    Mtd 2026 & esa.

    Hi there, I’m have a small business that sells expenses items & buy in bulk, so my bank account up & down each month ( sole trader) Being disabled, this is more of an hobby to keep me as active as I can do try & keep me as active as possible Now my question is I’m currently on ESA &...
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    New to importing

    Thanks for all your responses, it’s a great help. The company usually sells. On a Dap basis. Now my question is what would I need to help me sort this end? Would I need a company to process this side ?
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    New to importing

    Hi all. I’m a small automotive tools supplier. Sole trader & non vat registered business. I currently have a good opportunity to purchase stock from Poland & ship them to the uk. This is something I’ve never done before & after some advice, regarding taxes here & there & what’s required. The...
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    Account information

    Many thanks for your reply back, no this is not the actual figure! It was just a figure I made up to get my point across. I was just my way of asking, so in other words, class it as a bill. Bring my over profit to 7k
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    Account information

    Hi all, I’m currently in the process of buying a large amount of storage shelves for my business & use my ourselves Little sole trader. I’m just wondering how it effects the profit at the end of year. Let’s say we made 10k then spaent 3k on shelf’s. that would make my profit at 7k Or...
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    End of year account

    Hi all, Hopefully you can help with this one. I’ve got a small business & just finishing off my account ready for account to do end of year. but I’ve thinking I’m going wrong someware. Non vat business with separate bank account, sole trader. Can someone tell me if this is correct. For example...
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    Stripe & Klarna setting up for e-commerce

    Hi all, After some time I’ve Decided to add Klarna as a payment option to my website. “ well hopefully “ I’m currently using a platform call DUDA. I’ve set up an Klarna account & it now been verified & ready to connect!! My stripe account I’ve had for some time. I’ve gone in to settings &...
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    Amazon selling & sending orders my self

    Yes that’s possible my main concern was delivery times. Maybe I will look visit into storage route.
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    Amazon selling & sending orders my self

    Thanks for the reply. Yes no sure we would do that many orders a day.
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    Amazon selling & sending orders my self

    Hi all, I’ve got a little automotive tools business ( non vat registered) We have been selling on eBay for about 3 years & do ok with sales 20-30k a year. I’m currently thinking of selling on Amazon & would like to package the items my self. Now this is the question, do Amazon arrange a...
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    Klarna payments

    Do they charge a monthly fee too? As we do get asked about financing options, but to date do not offer this service.
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    Opening & closing stock??

    Hi all, I’m a small sole trader. Buying & selling products already made for resale. Now my question is if at the end of the tax year I had 1k worth of stock, would be classed as profit? Then my opening stock profit for the next -1k profit?? Or can anyone explain it in simple terms !!! I’m...