Latest Q & A
Claiming VAT on postage
Can I claim VAT on postage as it has been pointed out to me the receipts have a VAT no. on them?
Contract terms & conditions
Does a contract have to state working hours?
Keeping company accounts and tax records
The business is a sole trader business no employees, except owner, if business closes what happens to the tax that is outstanding for last year and this year? Would I get any benefits (closure due to no income, trade has fall off completely)? How long must I keep my accounts, income tax records and VAT records?
VAT advice line
Where can I get a list of Items which have VAT and no VAT?
VAT charges on products & services
I have not been charging VAT on my product and services, I recently got registered for VAT I have been billed for 3 months yet I have only been charging VAT for 3 weeks. What can I do?
Paying excess charges
I recently had a receipt from Homebase and on it it says words the the effect, ' I agree to pay 2.5% of the amount if the invoice to the homebase card Handling Services Ltd for its provision of payment processing services to me. The balance of 97.5% is payable to Homebase Ltd for the goods. The total amount payable remains the same.' This is presumable a way of preventing paying charges onto charges. Do you know if all companies who receive alot of payments via credit card are able to do set up a similar system to stop paying these charges on charges? If so how does one go about this? Presumably via Customs and Excise.
Calculating total cost ownership
Is there a general figure for Total Cost of Ownership (TCO) for running a PC in my business?
Grants for starting a care home business
Are there any grants available for starting a care home for the elderly
Tax implications when selling a business
I own 25% of a company that I have worked for for the last 6 years. Th company was initially a sole trader (run by somebody else) but 4 years ago it became a LTD company. The original sole trader still owns the other 75% of the company. If we were to sell the company now, say for instance for £4m, I would obviously be entitled to 25% of that = £1m. What are my tax implications on this amount?
Available grants for health & safety measures
Are there grants available for implementing Health & Safety measures under regulations
Tax liabilities when selling a business
I’m approaching retirement and looking to sell my business. Will there be taxes to pay?
Regulations when selling a business
I started my business in partnership 15 years ago. Can you advise me on selling my half of the business, I understand my partner has first refusal?
Avoiding future recessions
What steps can I take to avoid getting caught up in future recessions?
Chasing bad debt
I am a freelance designer and I find it impossible to get people to pay me on time. What’s worse, I often end up taking a discount on what I have charged just to get paid because I am short of money. What can I do?
Alternative fund raising solutions
I have an idea for a new technology, but lack the funds to develop it and have been turned down by banks and private investors. Do you have any alternative funding ideas?
