Vat
My company is getting close to having to become Vat registered what I'm worried about is we have a lot of customers who pay via direct debit as little as £18.30 a month and they have signed a 12 month...
View ArticleAutomating Credit Control Using Sage Instant
We've narrowed down the accounts we give credit to, and have a handful of larger accounts that are usually OK at paying their bills, and the majority are smaller, lower value accounts where it takes a...
View ArticleStruggling when things go quiet
We are a new business who set up in a new area, and have a commercial unit which currently operates as a tyre supplier and fitters with mechanical work on the side. The area is very hit and miss, we...
View ArticleReclaiming pre-registration VAT
Hi everyone, I am shortly doing my first VAT return - we are a newly VAT registered business. We buy in a reasonable number of goods and services from Europe. So my question is, with regards to VAT...
View ArticleCompany to company loan
If my company loans money to another company is the principle amount which leaves the first company tax deductible? e.g. Company A makes £500k profit and loans £100k to company B. Is corporation tax...
View ArticleCashflow & Solvency issues
Ours is a small charity. We should be able to close the current year with a trustees approved level of reserves of 450k. However, our forecast cash level by the end of the current year will be about...
View ArticleAcceptable reserve funds
What is considered an acceptable amount of money in bank to cover cash flow? Let's say for a business that spends £40k per month. I know the more the better but in my opinion it would be at least a...
View ArticleCredit facility
Hello, Could you advice me of any companies that give business overdraft or credit cards? At the moment I have overdraft with Barclays and credit card as well, but they are refusing to increase the...
View ArticleCapital On Tap
Does anyone here have any experience with this company? They cold called me today, and I don't normally give cold callers the time of day, but I had looked into them previously and they were offering...
View ArticleSmall business accounting software
Hi everyone- I'm looking for an accounting software as I am fed up of spending hours on my laptop updating spreadsheets, typing up invoices and loosing track of who has paid and who hasn't! Have tried...
View ArticleAdvice for AP/AR
Hi, I am the bookkeeper for a small company and need some advice/suggestions how to get a system in place for AP/AR. The main issue is tracking what has and hasn't been paid. I'm not allowed to access...
View ArticleClik here to view.
Placing 2 Ltd companies under a group to move money between them.
I have 2 companies, one is new and the other has excess cash which I don't want to pull out to avoid dividends tax etc, if I place both of them under a group, would this allow me to move money between...
View ArticleRaising prices
Hi im a newbie to the forum, I run a window cleaning service as a sole trader and I would like some advice regarding raising prices. In the past 4 years my costs have consistently increased and this...
View Articlesmall cash loan
very embarrassing, but I'm in need for a small cash loan only for 2 months, i have been to payday sites and have been turned down, i have no friends or family that can help, this is my last resort, if...
View ArticleWhen is Corporation tax payable?
Just filed my company accounts and I have to pay some corp tax. When do I pay it? My accountant filed online. Do I get a letter from HMRC asking for the money and then pay it?
View ArticleLate charges/interest to EU customer
My company is UK based and we have a customer from the Netherlands who has not paid since August. We have ceased trading for a while, but now want to apply late payment interest. I cannot find answers...
View ArticleClik here to view.
Cash Flow Template?
Hello, I'm starting an ecommerce business - and will start selling a decent amount soon. I've setup a basic cash flow statement, although I feel I might as well get it right first time and therefore...
View ArticlePrinciple lenders for bridging finance?
Hi all, Im looking for any bridging loan companies that are Principle Lenders ie lend their own funds. Having tried out various broker firms and paid out the 'commitment fee' only to have them either...
View ArticleCredit for working capital?
My business has grown rapidly in the last few months. I have more staff and upcoming VAT bills etc that I need to take care of but don't have the funds readily available. I have work set up and...
View ArticleFactoring for recruitment agency
Hi All, I am a new startup recruitment agency I started trading on 1st January 2017. I currently use Lloyds Commercial Finance for factoring (invoice discounting) my temporary invoices. However, I am...
View Article