Recent content by peps1

  1. peps1

    Can Psychotherapy a deductible? (self-employed sole trader).

    Wondering if I could get some advice or pointed in the right direction over this question. I guess I should just explain my situation. I run a small mailorder business as a sole trader and suffer from a litany of issues due to complex post-traumatic stress disorder. Starting the business was...
  2. peps1

    Selling to EU (non VAT registered)

    Thanks, Paul. Is there a threshold I need to keep in mind or is it one of those depends on the item type duty situation like other countries? My average package value is sub £200 and only really go over that sending to some distributers a few times a year (but think about it they are in the...
  3. peps1

    Selling to EU (non VAT registered)

    Hello, I run a small business as a sole trader and am not VAT register (or even close to the threshold). My question is, do I need to do anything other than add a CN22 or CN23 declaration to pacages?
  4. peps1

    Could I get some tips on Self Assessment recipes

    So you don't need to keep a paper copy detailing what product/service you actually spent or received money on and for, just a record of the amounts?
  5. peps1

    Could I get some tips on Self Assessment recipes

    Hello, wondering if someone can help, I have recently set up a Shopify store and I get paid via 2 methods PayPal and Shopify's own payment system. With PayPal I can just print out the transaction and it shows me both my income and my fee, so is simple for my Tax return paper records. But...
  6. peps1

    Business expenses paid for on my boyfriend's card/PayPal?

    Hello, I have a full-time job, but a small business on the side, occasionally I ask my boyfriend to grab me things I need for the business and include these in my self-assessment as expenses. I know in an ideal world I should have all purchases on one card and PayPal account, but can I still...
  7. peps1

    Employing vs Invoicing As Freelancer

    I was wondering if anyone could help me out with this. I'm a sole trader and have a disabled friend who has excellent skills relating to an area of my business, but due to receiving Employment and Support Allowance he can only work for 16 hours a week (average) and not earn more than £125.50 a...
  8. peps1

    Sole trader, what can I offset with Imports?

    Hello guys, Just wondering if I could get a little advice to help keep my bookkeeping simple for when it comes to doing my tax return. If I order component from outside of the EU that is going to be incorporated into product an resold, I can offset the cost of the goods, but what about import...
  9. peps1

    Sole Trader, names on invoice & Order Acknowledgements/receipts.

    Hello, In the process of starting up a business as a sole trader, and have a few items of stock I ordered before having the business back account, these invoices & Order Acknowledgements/recipts just have the business name on them, or the business name and my partner (in the biblical not...
  10. peps1

    Trade mark question.

    Can I register, and protect a trademark, say "Product-X". If another company sells something called "Product-X" in the same class, but have not register it as a trademark themselves? Or, dose their prior usage of "Product-X" negate any trademark I would register?
  11. peps1

    Sent the wrong brand of goods.

    Hello guys I was wondering If I could get a little advice? I requested a quote for a supplier for some electronic components that I use in the construction of one of my products, and upon receiving the quote I sent across a PO and paid 50% of the invoice in advance. Now, both the...
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