Recent content by Vasquez65

  1. Vasquez65

    Best accounting practice for PayPal and FreeAgent

    Yes, you need an invoice to match to each contact’s payment, it’s the only way to follow them individually. It may even become compulsory once Making tax digital comes in - if anyone knows this is the case it would be helpful. I know my Wife assigns a photo attachment of the invoice to the...
  2. Vasquez65

    Free Agent

    Not going to need to register for VAT, don’t need to turnover that much as I won’t be supplying boilers, I’m concentrating on the smaller jobs and only looking to work 20-25 hours a week. I’m on the run down to retirement in around 8 years and I get a military pension in 2025. £50k...
  3. Vasquez65

    Free Agent

    Right, there are no discrepancies because I didn’t create the invoices for the card payments within either mettle or freeagent. I’ve created my own then just attached a copy to the transaction manually as a pdf or screenshot. So freeagent doesn’t ‘know’ about it. I’ve now started using...
  4. Vasquez65

    Free Agent

    Good job I only have a handful of card payments to amend, thanks.
  5. Vasquez65

    Free Agent

    No because the payment arrives already minus the fee, so it shows up automatically in freeagent for me to approve/explain so I add an invoice copy to the transaction as it doesn’t seem to track across from Mettle. There is no monthly bill to pay with sum up, it’s a simple 1.65% of the card...
  6. Vasquez65

    Free Agent

    Just to jump on this thread, I’m using freeagent to keep records for a new heating/plumbing business, Sole trader, non-vat registered. when customers pay by card it’s via sumup mobile payments, who pass the payment to my Mettle account after they’ve taken their fee. My customer invoices show...
  7. Vasquez65

    Sole trader / partial partnership?

    Shortly going self employed as a gas/heating engineer, I used to work with someone also gas qualified and thinking of going it alone too, we live in different counties, he has a lot of contacts and has suggested we work together. Most jobs, like boiler repairs and servicing will be done (and...
  8. Vasquez65

    Sipp contributions and higher rate tax relief

    I’m looking at a taxable income of around £65k for this tax year : 2022/23 (a mix of self employed plus contract work through an umbrella) and want to put £10k net / £12500 gross with 20% tax relief, into my Sipp. When I come to do my self assessment online as a sole trader, will it calculate...
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