Latest Q & A
Starting a small business
What forms do I need to complete to start a small business from home?
Tax for small businesses and food hygiene
Q: I've just turned 18 and I have saved up £1,000 to start up a small mobile catering business selling hotdogs, etc. The only problem is I have no idea about taxes or catering laws. I have done some research but I want to make sure I follow every rule I have to so as I don't get into trouble. Any help would be greatly appreciated!
Register as self-employed
What forms do I need to fill out to become self-employed and what type of paperwork do I need to start a small business?
How long does it take to start up?
How long does it take to set up a new business?
Setting up online
I already have an ebay store selling craft items but find ebay costs very high. I have had it for a year now and business is quite good. I would like to make an online shop and am grateful for any advice offered about setting one up. Would you advise setting it up using an ecommerce company. It would cost me £100 set up fee and £20 a month. How, if I’m entitled to one, would I go about getting a grant to help with purchasing extra stock?
PAYE and self-employment
Can I still work under PAYE if I start my own business? The business will take around 6 months to take off.
Tax deductible costs
Am I correct in saying that some things are tax deductible as my tax calculator looks very high per month on predicted costs?
Running a seasonal business
I'm currently working as a cab driver. And thinking of buying a ice cream van for the summer when the taxi is quiet. How would I be fixed for tax? As still paying payment on cab in summer? Looking to work Oct to May cab and June to Oct on ice cream van. Is this a good idea or will I pay loads of tax?
Partners - sharing profits
We are planning on starting a business with a partner 50/50 but only we will be working there. What extra paybacks do we receive for doing all the graft - late nights, weekend and stress? Has anyone any ideas?
"Sales Taxes" and VAT
I have just taken delivery from a wholesaler of a box of small toys for sale at a local Xmas fair. As well as the VAT and delivery charges, I have been charged a sales tax, which was not mentioned when I placed the order. What is this charge for and must I pay it?
Start a business whilst being employed
I want to open a sole trader account for very small engineering jobs which will be done in my spare time. But I will be keeping my full time job which I obviously get taxed on automatically from my employer. Will I need to declare any additional money made from my sole trader account?
Income tax and NI - How much to set aside
I will be taking over a business in January 2006. Can you tell me how much (as a percentage), will I have to pay for personal income tax (i.e. the money I take as my salary out of the business).
Job applicants right to see interview notes
Can a rejected candidate for a job see the interview notes taken by the panel?
Importing from Canada
Do you have a step-by-step guide to importing products from Canada (including VAT and Duty Rules and Rates)?
Starting a subsidiary company
We already have an existing business, but have a new idea for an offshoot of the company. What are the advantages and disadvantages of setting up an a new company or as a subsidiary of the existing company?
