All Questions
Tagged with small-business united-kingdom
36
questions
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24
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Filing a UK Company Tax return for 22/23- is it possible to bring back a trading loss from 23/24?
Whilst filing my UK company tax return for the financial year covering 22/23 in the section 'Trading losses', under 'Bring back a loss from a later period' is states the following:
You can only bring ...
- 101
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0
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40
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Why is the UK Corporation tax payment deadline before the company tax return filing deadline?
I've returned to contracting (as a software engineer) after 8 years of full time employment and am now working through my own LTD company.
I mistakenly thought - as is the case with self assessment - ...
- 101
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250
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Setting up a limited company and appointing spouse as director for tax purposes
I am a programmer registered as a sole trader in UK, and I have around 40k GBP of annual income from my self employment. Apart from that, I also have a permanent job working for a UK employer, where ...
- 131
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1
answer
80
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Introduction to UK Limited Company Taxes
Goal:
To determine the types of taxes (and how they're calculated) that a UK-incorporated limited company is liable to pay.
Details:
This post is based around an example of a limited company based in ...
- 103
11
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8
answers
13k
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UK - Can I buy things for myself through my company?
this is a UK-based question.
I understand that there are certain purchases that you can make using the revenue of your limited liability company, and this is beneficial as you are using money that has ...
- 349
3
votes
2
answers
340
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Do I have to declare an income below my Personal Allowance?
I'm in the UK and planning to start a side business. The income from my current job doesn't exceed my tax-free Personal Allowance of £12,500 a year, nor do I currently expect the income from this ...
- 153
1
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0
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1k
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Accounting for VAT on App Store sales as a UK VAT-registered company
UK VAT-registered company considering selling apps/games online (things like Apple App Store, Google Play Store, Microsoft Windows Store, Steam) and also earning via affiliate programs like Amazon ...
- 111
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1
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140
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Where should I keep the money for the shares I purchased from my UK startup business?
I am at the beginning of setting up a UK business and started it with one share valued at £1.00. I am the owner of this single share. I am now wanting to pay the amount I owe for the share to the ...
2
votes
1
answer
287
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Can I use work on business ideas to reduce my tax burden?
I run a software consultancy which turns over approximately £250k per year. My work mainly involves by-the-hour consultancy or some fixed-price projects but no stock and very few expenses.
In ...
- 121
1
vote
1
answer
150
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Corporation Tax Help?
I’m hoping some of you may be able to help, as I am not very well versed in the tax department.
Here’s my situation:
Last year, I started doing work for a company that required us to be self ...
- 13
4
votes
1
answer
165
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Am I required to issue tax forms for the users of my website (on which they can earn money)? [closed]
The website in question is a peer-to-peer platform. Users can contact each other and agree a fixed cost for a particular service. I take a percentage of the cost and the rest goes to the user who ...
- 730
1
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0
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77
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How to declare small business income before bank account is open
I have incorporated a company in December last year, and since then we started making money but had no bank account. Because of the company structure, one of the shareholders who owned more than 25% ...
- 11
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1
answer
433
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Dropshipping - Should I set up a business for this?
I've been looking in to the world of dropshipping and am keen to give it a go myself.
I'm just curious if it would be wiser for myself to set up a business in order to do this or am I able to do it ...
- 9
2
votes
1
answer
155
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Recently started selling hand-made products in online shop. What do I need to do? UK
I'm a hobbyist electronics engineer and I occasionally sell things that I make (electronic music devices) on eBay. It has snowballed a little bit and I have opened an online shop.
I live in the UK ...
- 121
1
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1
answer
2k
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Closing company, what do to with last amount of funds?
So the business is about to be shut down and there is a little bit of funds left over in the business bank account which I do not want/need.
According to https://www.gov.uk/strike-off-your-company-...
- 111