self-employed

  1. K

    Tax Guidance for an E-commerce Business Run by a Minor

    Hello, I am 14 years old and have recently started a small business selling goods on eBay. Since eBay requires account holders to be 18 or over, the account is registered in my parent’s name and linked to their bank account, with their personal details such as name and National Insurance number...
  2. Mario - TFA

    Final Self Assessment – Balancing Charge on AIA Assets Transferred on Incorporation

    Hello everyone, I'm preparing the final Self Assessment return for a client who transitioned from sole trader to limited company status. He traded as a sole trader until the last day of the 2024–25 tax year. As part of the incorporation, we prepared an Asset Transfer Declaration to move all...
  3. C

    Abusive employee - how to handle?

    Needing some advice for our family business. I will try and make this short and to the point! Family business which has been operating for 20+ years Owned and run by myself and wife Only employ 2 staff members One of which is problematic and always been 'hard to deal with' He continually picks...
  4. A

    Advice on Terminating Consultancy Agreement without notice - I am the supplier.

    Hi All, Could anyone help to advise me on the below. Since early February I have been working as a Freelance Sole Trader, I have a client who I have a Consultancy Agreement with to offer services (Training and Education) until February next year. There have been a number of issues with this...
  5. R

    Paying your child for work in the business.

    This is not a tax dodge question; I've just set up a small business (limited company) currently only myself working in it. I'm looking at paying my 13 year old £10 a week for approx 1hour of cleaning instead of a self employed cleaner the going rate for an adult. I'm reluctant to go through all...
  6. G

    Just started a Ltd company, no customers or profit yet. Can I invoice a company for work I provide?

    I’ve just started a Ltd company, trying to move my hobby to a business. While it is building up, can I invoice a company I provide services for? It’s a jewellery repair company so will be polishing and repairing items. Do I need to declare as self employed to do this? Or invoice from the Ltd...
  7. J

    What date should pre-trade expenses be recorded for a self-employed (UK)?

    Hi all, please advise: Everywhere it is stated that expenses incurred before the start of trading activity should be treated as expenses occurring on the day trading activity commences. But what should be done with expenses that, while incurred before the start of trading, still fall within the...
  8. D

    Self Employment in the UK

    Hello everyone. I appreciate all help regarding our situation. We are trying to work out whether my husband is in self-employment in the UK or overseas. Because we are trying to apply for a spouse visa and the UK government has special financial requirements that we must meet. He is a sole...
    • Deleted member 360288
    • Thread
    • self-employed tax
    • Replies: 23
    • Forum: Accounts & Finance
  9. K

    UK sole trader employing foreign citizen to work remotely as freelancer

    Hi I'm a freelancer living and working in the UK, doing freelancing as a side hustle after my full time job. I want to have a foreign freelancer (Gulf state) to remotely work for me as I'm taking a number of projects that I can't fit with my schedule, so thinking of using the other freelancer...
  10. Managing your pension for small business owners

    Managing your pension for small business owners

    Time and money can be limited as a small business owner, so it’s natural to only focus on the short term. However, there will come a time when you need to take a step back and retire, and you’ll need to have money to support you – in other words, a pension. The general rule with pensions is the...
  11. DanMitchell

    Employment. Background check.

    I've been facing ongoing employment rejections, and the issue persists. I went to the extent of reaching out to my public defender to address this problem, and she assured me that it shouldn't be an issue. To clarify, I've never been to trial, and I haven't been convicted of any crime. Here's...
  12. P

    Notice or no notice

    Hi, I have been self employed for 11 years providing services mainly to one client but others too. I now just have the one long term client. They have a recent history of threats to not pay, have withheld payment and reduced what hours they are willing to pay for. We have no formal contract...
  13. S

    Sole Trader Starting Another Company

    Hi, as title I am self-employed solder trader working alone for the last 5 years. I want to start a new business selling products and assume it's best to start a limited company. While setting up my current job will continue in self-employment until and hopefully, the new company runs...
  14. S

    I bought a new phone. Traded-in an old phone. Sold the new phone. Cashback taxable?

    Hello, I am a very small sole-trader making £3k or £4k a year selling on e-bay. I am trying to work out my income for this year, but have a few sticking points. Could anybody advise please? I bought a couple of new phones and then sold them. As part of the deal when buying these phones it...
  15. Self-employed notice period: how does it work?

    Self-employed notice period: how does it work?

    Self-employed workers and contractors have no legal right to a notice period. But there are always exceptions to the rule – so how does it work? A notice period is there to protect full-time employees and employers in the event of either one terminating their employment contract. If you are...
  16. The ultimate guide to starting as a freelancer

    The ultimate guide to starting as a freelancer

    More and more workers are deciding to make the switch to working freelance. By becoming a freelancer you still get the benefits of doing your favourite work, but with more control over your workload and schedule. But, there are drawbacks too. Not only is there less security than working as an...
  17. K

    Non payment by subcontractor

    Hi, I hope someone can help advise as Citizens advice are a 14 day turn around and I feel so angry and stressed. My partner was working for a subcontractor I will refer to as X and he subcontracts from Y who then subcontracts from a massive house builder in the UK. X had been booking in work...
  18. Veloci10

    Registering for VAT - Employed and Sole Trader

    Hi All, I’m currently employed, earning ~£55k. I also run a side business as a sole trader, which has picked up in the last 12-24 months. What I would like some help to understand is at what point would I need to register for VAT? I see the current threshold is £85k; but is that purely from...
  19. R

    Starting a business as a middleman seller on a website

    I moved to the UK about 1.5 years ago on a dependent visa with a work permit for full-time employment. I recently created a business where I purchase game loots from gamers for, say, 100 GBP and then list it as a product to sell (at 105 GBP) on a website called G2G (g2g.com). Then, another gamer...
  20. J

    I want to stop being self employed.

    I have stopped my e-commerce business on eBay since 20th November 2022. I am currently VAT registered and done my recent quarterly VAT for the month August, September and October. For the month of November I didn't have a single sale. Do I still need to do the next quarterly VAT ? I am still...
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