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Heelan Associates
Великобритания
Добавлен 8 янв 2019
This channel is for business owners, or those that want to be!
On the channel we (usually!) release a video a week, on a Sunday evening (and a Thursday if we've got an extra one), which are a mix of tax & business topics.
Dan Heelan who presents most of the videos, heads up a firm of accountants in Hampshire UK, who help business owners on their journey.
The tax law in the UK is 22,000 pages and growing, so we help are here to you navigate it. You shouldn't have to pay more tax just because you don't have enough knowledge. Unfortunately we don't get taught this in school.
If this sounds like knowledge you'd like, and something that could help grow your business, then make sure to join me by subscribing!
Note: we tend to reply to all comments at the weekend
On the channel we (usually!) release a video a week, on a Sunday evening (and a Thursday if we've got an extra one), which are a mix of tax & business topics.
Dan Heelan who presents most of the videos, heads up a firm of accountants in Hampshire UK, who help business owners on their journey.
The tax law in the UK is 22,000 pages and growing, so we help are here to you navigate it. You shouldn't have to pay more tax just because you don't have enough knowledge. Unfortunately we don't get taught this in school.
If this sounds like knowledge you'd like, and something that could help grow your business, then make sure to join me by subscribing!
Note: we tend to reply to all comments at the weekend
3 NEW SMALL BUSINESS TRENDS YOU NEED TO KEEP AHEAD OF IN 2024
What are the trends we are seeing, and how do you keep ahead of them?
In this video Dan runs through some of the key themes we are seeing in 2024.
Topics include:
Late payments
Customers value sensitivity
Customer experience
Pricing
Costs
Overheads
Profits
Economic conditions
… and more!
If you have any questions or thoughts on this, please comment below.
Xero’s Small Business Index Special Report on the subject of late payments: www.xero.com/content/dam/xero/pdfs/xsbi/cash-flow-challenges-facing-small-businesses-part2.pdf
Cashflow forecast template mentioned: www.heelanassociates.co.uk/cashflow-planning/
Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business...
In this video Dan runs through some of the key themes we are seeing in 2024.
Topics include:
Late payments
Customers value sensitivity
Customer experience
Pricing
Costs
Overheads
Profits
Economic conditions
… and more!
If you have any questions or thoughts on this, please comment below.
Xero’s Small Business Index Special Report on the subject of late payments: www.xero.com/content/dam/xero/pdfs/xsbi/cash-flow-challenges-facing-small-businesses-part2.pdf
Cashflow forecast template mentioned: www.heelanassociates.co.uk/cashflow-planning/
Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business...
Просмотров: 1 085
Видео
SELF EMPLOYED VS EMPLOYED: 3 REASONS YOU ARE BETTER OFF THAN YOU THINK
Просмотров 1,6 тыс.21 день назад
Wondering which of these is better? In this video Dan runs through some of the key topics. Topics include: Which pays less tax, employed or self-employed Tax deductible expenses Paying for things before tax Controlling how you are taxed Controlling when you are taxed Timing of income Splitting income for tax purposes Holiday pay Pensions … and more! If you have any questions or thoughts on this...
HOW TO CLAIM MILEAGE FROM YOUR LIMITED COMPANY
Просмотров 1,1 тыс.Месяц назад
Wondering how you *actually* claim mileage from your Limited Company? In this video Dan runs through how to do this. Topics include: Tracking mileage for business Xero QuickBooks Expenses Apps How to enter a journal How to enter mileage into your accounting records How tax deductions on mileage work How to pay yourself mileage … and more! If you have any questions or thoughts on this, please co...
WILL MY EMPLOYER KNOW IF I START A BUSINESS?
Просмотров 1,6 тыс.2 месяца назад
Wondering if your boss will know if you start up a business? In this video Dan runs through what they might get told... Topics include: Does your employer know about your limited company Does your employer know if you are self employed What does your employer know about your tax code What information is publicly available … and more! If you have any questions or thoughts on this, please comment...
CHOOSING YOUR YEAR END - LIMITED COMPANY ACCOUNTS
Просмотров 1,2 тыс.3 месяца назад
Wondering what ‘the best’ year end is for your limited company? In this video Dan runs through the the pros and cons of lining your company year end up with the tax year. Limited company year ends The tax year end 31st March vs 5th April Picking a company year end Limited company tax payment dates Personal tax payment dates … and more! Written summary: www.heelanassociates.co.uk/limited-company...
SAVE LAST MINUTE TAX BEFORE 5th APRIL - STUFF TO LOOK AT [2024]
Просмотров 1,9 тыс.4 месяца назад
As we are approaching the 5th April, you there are some points to consider if you want to save some last minute cash. You have a ‘use it or lose it’ allowance for many things. In this video Dan runs you through what you need to know and do before 5th April to save some tax. Topics include: Pre tax year end planning Dividend Allowance How to pay a dividend Limited company dividends £2000 dividen...
GOOD NEWS FOR THE SELF-EMPLOYED, BUT ANYTHING ELSE?
Просмотров 2,1 тыс.4 месяца назад
Is there any more good news for business owners from the Budget 2024? In this video Dan runs through the news from the recent budget looking at: Self employed National Insurance Rates Employed National Insurance Rates National Insurance reductions in 2024 VAT registration threshold changes 2024 Child benefit high income benefit charge ‘tax’ changes Captial Gains tax changes Furnished holiday le...
CO-FOUNDING FAILS, DOUBLE CAB PICK UPS AND ADDING SHAREHOLDERS [HeelanHub Weekly 4]
Просмотров 6925 месяцев назад
HeelanHub Weekly 4 is here! Dan reflects on recent conversations with clients and covers relevant small business and tax news. Topics include: Co-founding a business Employee shareholders Adding shareholders Business partners HMRC news Double Cab Pick Up Tax … and more! If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Spotify and Apple: “The Heela...
WHY RUNNING A SMALL BUSINESS IS LIKE BUILDING LEGO [HeelanHub Weekly 3]
Просмотров 8835 месяцев назад
HeelanHub Weekly 3 is here! Dan reflects on recent conversations with clients and covers relevant small business and tax news. Topics include: Why business is like building lego Resilience in business Pricing in business Business models Pricing for a small business Failing in business … and more! If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Sp...
REDUCING YOUR JULY TAX BILL & LIMITED COMPANY SET UP FAILS [HeelanHub Weekly 2]
Просмотров 1,1 тыс.5 месяцев назад
HeelanHub Weekly 2 is here! Dan reflects on recent conversations with clients and covers relevant small business and tax news. Topics include: How to reduce your July tax payment Payments on account How to reduce payments on account Working out breakeven sales Working out your business model Share structures Alphabet shares … and more! If you have any questions or thoughts on this, please comme...
I NEED YOUR HELP: YOUR BUSINESS PROFITS ARE GOING ONLINE FOR ALL TO SEE
Просмотров 3,5 тыс.5 месяцев назад
Would you be ok with your FULL accounts being online for all to see? You best get used to the idea… Survey Dan mentions in the video: forms.microsoft.com/e/ugCniFSYqF (This is limited companies only at this stage) Topics include: Limited Company Accounts Companies House Reforms white paper Corporate Transparency and Register reform Profit and loss companies house What details are on Companies H...
UNPAID TAX BILLS, POLITICS AND INSOLVENCY! [HeelanHub Weekly 1]
Просмотров 5065 месяцев назад
HeelanHub Weekly 1 is here! Dan reflects on recent conversations with clients and covers relevant small business and tax news. Topics include: Tax policy Level of Insolvency What to do if you can’t pay your tax Unpaid tax bills … and more! If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for smal...
HOW MUCH TAX CAN YOU CLAIM BACK ON A VAN? SELF-EMPLOYED SPECIAL
Просмотров 6 тыс.6 месяцев назад
HOW MUCH TAX CAN YOU CLAIM BACK ON A VAN? SELF-EMPLOYED SPECIAL
MISTAKES OWNERS MAKE REGULARY: ILLEGAL DIVIDENDS
Просмотров 4,4 тыс.8 месяцев назад
MISTAKES OWNERS MAKE REGULARY: ILLEGAL DIVIDENDS
THE 'BEST' SALARY TO PAY YOURSELF FROM YOUR BUSINESS (LIMITED COMPANY) 23/24 EDITION
Просмотров 8 тыс.8 месяцев назад
THE 'BEST' SALARY TO PAY YOURSELF FROM YOUR BUSINESS (LIMITED COMPANY) 23/24 EDITION
3 SIMPLE TIPS TO AVOID BUSINESS FAILURE
Просмотров 2 тыс.9 месяцев назад
3 SIMPLE TIPS TO AVOID BUSINESS FAILURE
ACCOUNTANT EXPLAINS: THE TOP 3 REASONS WHY SMALL BUSINESS FAIL
Просмотров 2 тыс.9 месяцев назад
ACCOUNTANT EXPLAINS: THE TOP 3 REASONS WHY SMALL BUSINESS FAIL
HOW TO PLAN FOR YOUR DIVIDEND TAX BILL (UK)?
Просмотров 3,2 тыс.9 месяцев назад
HOW TO PLAN FOR YOUR DIVIDEND TAX BILL (UK)?
HOW OFTEN CAN YOU TAKE DIVIDENDS FROM YOUR COMPANY?
Просмотров 4,9 тыс.10 месяцев назад
HOW OFTEN CAN YOU TAKE DIVIDENDS FROM YOUR COMPANY?
DO YOU HAVE TO PAY TAX ON DIVIDENDS (UK)?
Просмотров 6 тыс.10 месяцев назад
DO YOU HAVE TO PAY TAX ON DIVIDENDS (UK)?
WHAT HAPPENS IF YOU MAKE A MISTAKE ON YOUR TAX RETURN (UK)?
Просмотров 2,2 тыс.11 месяцев назад
WHAT HAPPENS IF YOU MAKE A MISTAKE ON YOUR TAX RETURN (UK)?
Everyone needs a nudge.... # #accounting #smallbusinessuk #tax #accountancy #shorts
Просмотров 21311 месяцев назад
Everyone needs a nudge.... # #accounting #smallbusinessuk #tax #accountancy #shorts
HOW TO MAKE AN INVOICE (INVOICE TEMPLATE)
Просмотров 3,4 тыс.Год назад
HOW TO MAKE AN INVOICE (INVOICE TEMPLATE)
HOW TO UNDERSTAND SMALL BUSINESS ACCOUNTS - PROFIT AND LOSS
Просмотров 2,3 тыс.Год назад
HOW TO UNDERSTAND SMALL BUSINESS ACCOUNTS - PROFIT AND LOSS
HOW TO MANAGE SMALL BUSINESS FINANCES: SIMPLE DAILY HABITS
Просмотров 3,5 тыс.Год назад
HOW TO MANAGE SMALL BUSINESS FINANCES: SIMPLE DAILY HABITS
HOW TO START A LIMITED COMPANY IN 2023 (UK)
Просмотров 55 тыс.Год назад
HOW TO START A LIMITED COMPANY IN 2023 (UK)
7 KEY NUMBERS YOU NEED TO KNOW IN YOUR BUSINESS
Просмотров 3,3 тыс.Год назад
7 KEY NUMBERS YOU NEED TO KNOW IN YOUR BUSINESS
HOW TO SPEED UP YOUR BOOK-KEEPING (FOR A SMALL BUSINESS)
Просмотров 2,8 тыс.Год назад
HOW TO SPEED UP YOUR BOOK-KEEPING (FOR A SMALL BUSINESS)
If you were to say get around 8-10 grand a month would the 25% still apply or should I keep back 30 ish percent? Been in my industry for 8 years only just took the jump for going self employed but think it’s the best decision of my life thanks for your videos 💯
Hi Dan, say if I was going to buy a 10k Van. How would I go about claiming this as tax deductible? Would it be 20% every year for 5 years? So £2000 a year? How does it work?😁 Thanks in advance
Question: As a freelancer, i am earning from working as a freelance (developer) during at night. I am planning to start making my RUclips channel, can I consider buying a video camera as allowable tax expenses even my channel is not yet earning money?
Thanks for the help
Thank you for these videos I have a question about payments on account when self employed and employed. Do payments on account apply to ONLY self employed income or both types? Thanks again
It’s odd in that they apply to your combined total tax bill. It’s usual however that your employed job is *generally* taxed correctly so in a combined tax bill you are normally paying just the tax on the other income.
Thank you for this! What about when the other scenario, the director pays for some business expenses and then adds them as DLA on the accounts as the company doesn’t have the funds to paid them back yet? Will it have any tax implications? Loved your content, easy subscribe! Thank you.
Glad you enjoyed! What you describe is one of the most common uses. It just means where they are funds you can be repaid. If the loan account is in your favour it’s all good.
what about the non-residents? We don't need national insurance for example, do we have to pay it? do we have personal allowance? regardless, can the company not pay anything and keep the money there? If I only earn money in a single month and the rest have 0 income, how does it work?
This one is probably a short series of videos to explain I’m afraid! There are too many variables to explain how it might work in a comment sorry! You have to consider the tax residency of both company and director/ shareholder and it all interacts differently.
@@HeelanAssociates oh, if you could make a video about itz that'd be amazing, I've been sesrching online for day with little to no answers about the topic
I seen a company add a surcharge if the invoice wasnt paid by a set date. It seemed to work very hard well
Yes or sometimes you see a discount for early payment.
Great videos. Thank you. I've got a strange scenario. I quit my job in february and go self-employed. I also purchase a second-hand van in february for £15k cash. Because I only have two months of work in that tax year, how or what can I claim for regarding the cost of the van? Let's say I make £4k in february and march and spent £15k on the van, for example. Thanks in advance, and keep up the good work.
Oddly the two months doesn’t change the way it works. So it’s likely you would just have a tax loss (depending how the van was funded) to bring forward or even use against other income. It’s hard to describe the various scenarios in a comment here.
@@HeelanAssociates The van was purchased using savings. Thanks for your reply. 👍
Fuk the courts
How do you record your tax free allowance on a self assessment tax return. I do not see any section to record that?
It should automatically give you it on the tax calculation unless you earn so much you’ve lost it :)
Hi Dan, I run a small courier Business. I am a sole trader and not vat registered. I am buying a small second hand van from a garage. The van is £13,000 + vat. Do I have to pay the vat ? Thanks
Yes sadly :)
Thank you. I was in the 'did not know ' camp. I'm a self taught Xero user with no bookkeeping experience so all this helps. Ihave been taking photos with my camera of rental statements to infill all the details. This I hope will cut my workload significantly.
Glad it was helpful!
Hi Dan, Brilliant, but an accountant told me HMRC take issue with regular dividends (monthly) as they suggest you should be takinga larger salary, and paying more tax!
That’s not been our experience. It’s very common practice to take regular interim dividends, you just need the correct paperwork.
@@HeelanAssociates cheers, understood. I use a superb piece of accountancy software called Quickfile which prepares nearly everything. Thank you for the clarification.
Hi. I recently formed a company in February this year. I have also registered for corperation tax. I am not trading & dormant. What do I do as I I've told hmrc i am trading by accidently registering for corperation tax?
You can speak to hmrc and they will amend the record
If you're not self-employed but employ yourself, tax relief still applies, right? 😉
Could you expand? If we are talking as a limited company, director’s salary is usually tax deductible but it’s not often you’d pay all your pay this way.
@@HeelanAssociates yes, I meant as a limited company. Other than dividends from profits which other ways can a director receive pay? 🤔
Hi, can I confirm that if director loan is overdrawn up to £10K at year end, there is 9 months after to paydown the DLA as dividends? Thanks
Generally yes, to avoid the tax charge. You could repay later but would have to pay the charge.
Hello, thank you for helping all of us. I have two questions- 1. Do I need to file a company tax return if my company never traded? and my status was active all this while. 2. I already informed HMRC that my company is dormant but haven't received any confirmation yet, does that mean it's still active or they aren't bothered to notify me as long as I don't have any tax return to be filed? Thanks
Very useful and clear
Glad it was helpful!
i've been searching for this!
Glad to be of help!
This video said absolutely nothing
Thanks for the feedback
That’s great. Thanks
Glad you enjoyed!
Great video, A trend I see, is most businesses pay you dead on the last day of terms, which makes sense I know as you can set in the software and it gets done automatically.
Glad you enjoyed! Yes for many businesses paying ‘to terms’ is solid cash flow planning, it’s the offenders that run late that are causing the larger issues! I talked about it in another video but it’s why I think it’s important for small business to be careful about offering long terms by default.
Thank you for the videos and helpful information. Wish id found them earlier. I’m going to need a bigger boat. 😂. Hoping to give you guys a call soon but there’s one thing that’s worrying. I have 2 jobs with the same employer - 28 hrs permanent and ad-hoc 8hrs per week. 2 different tax codes and now wee side hustle, started beginning of April is picking up (no profit as yet. Do I register for self assessment without being LTD? Ty kt😊
Glad you find them useful! Have you seen this one? Most of it still relevant SHOULD I BE A LIMITED COMPANY? ruclips.net/video/QBXEq931h98/видео.html
Can you remain a sole trader and have a ltd business as well?
Yes! Quite normal if for example you have a tiny trade and a completely different business that’s a LTD.
Ay recommendations for accounting software for a small retail shop? I do not send out invoices I only receive invoices pay them and sell goods via card or cash.
Xero is ultimately the best at time of writing, often because your till system, if you have an electronic one, will usually be able to connect to it. Quickbooks also solid.
As a freelancer, I work much harder and much longer hours than ever before, BUT I don't have to listen to idiot arrogant bosses and let them use my skills to get rich ✊
This is a benefit :) sounds like you had a bad boss or two!
Hi. I wonder if you could help me: so I would like to do a amendment to my tax return and there is no option/amendment button to press, its for 2023/2024. (I done it for a friend and was normal 22/23 and 23/24 you can amend no problem) but on mine there is no option. I suspect because my accountant used comercial softwer its says: as the HMRC service was not used to file a tax return for this year you can't use the service ti amend that return. Can you please explain if it still possible to do a amendment and how(I mean to do it myself) Thank you
On this one speak to hmrc to be sure, but it’s likely you’d need to recreate the return inside your portal and it will effectively overwrite the one they have.
So should i open a separate bank account when I register as a sole trader?
From a record keeping point of view it would certainly be best practice.
Well explained ! Thank you!
Glad it was helpful!
what if my company is vat registered and have mixed vat incoices and non vat invoices, not all work providers paid vat my services? thank you
It can be possible you provide some services that don’t have vat charged on them and some that do. Depending why that is *might* impact the amount of vat you can recover, but equally might not - just depends on situation (sorry hard to explain in a comment here)
I think it does work out if you get a good accountant, if not just stressful at times!
I’d argue it’s stressful most times 😂
Thanks for that. That’s brilliant
Glad you enjoyed it!
New sub here, apreiceate your videos and have watched all I can that's relevant to myself. Actually watching from Thailand. We are strongly considering moving back to the UK but when I looked at what tax I would have to pay I jumped out of my seat lol. Do you have any experience with Forex trading? I'm a Day trader and take 2 + trades per Day so it seems based on frequency I would have to go self employed and pay 50% tax. Rather than a fixed capital gains tax of 20%. Maybe I'm wrong but this is the conclusion I have come to . Although on the brokers website it states CFD trading is subject to capital gains . If You have any knowledge on this then pretty please could you make a video on the matter...?
Glad you enjoy the vids! Oddly we avoid talking about forex as it’s not an area we specialise in. However, when it comes to tax it’s normally down to whether something is considered a ‘trade’. If it is you have income tax. There are several ‘badges’ of a trade to consider to figure out it you are trading. Frequency is likely to come into it as a factor. If not it’s effectively investment activity you the capital gains rules apply (and are lower rates). This may help www.gov.uk/hmrc-internal-manuals/business-income-manual/bim20205
Thanks Dan. Very interesting information. I'm watching from Ireland, but I have not the same tax structure obviously but a lot of similarly.
Glad you found it interesting! Yes most the concepts will be the same.
I always watch your videos and take onboard what you're saying, I find them very helpful especially because I'm currently in the transition period of going self employed from being many years employed by a company. Thanks so much for your time and effort that goes into these videos.... Please keep up the great work 👍.
Thanks Colin! Good luck with the transition!
That was interesting listening. Thank you as always 📊
Glad you enjoyed!
So what do I need to do? Put the 9 percent away for my NI?
Its a tough one to answer because it depends on your total earnings. At time of writing NI is down to 6%, but if you were to hit 40% tax rate you need more. There isn't a simple answer I'm afraid on this one, it's more just being aware of what could happen. The key action is early prep of your tax return each year to understand if there is anything to pay.
My income was like less than 5,000 I didn’t receive any notice but then they sent me a letter saying I owe 459 pounds! Can I still get my expenses I’m sooooo confused
Would call them and see what the bill is about and/or if you need to do a tax return. If you need to do a tax return then yes you could claim your expenses. It might be the money they are asking for is nothing to do with this though.
Hi. I have a limited company. The company failed basically as soon as we set up. We havent earnt anything and never had a PAYE. Do we have to inform hmrc about not needing a p11d
If you've never had a P11d /submitted one, and don't need one, then no there is generally nothing to tell HMRC.
Hi, I'm currently going through the transition of sole trader to limited company. Should have done it so much sooner but so much involved it can be a little daunting to begin with. Your videos have been so helpful in getting my head around everything and can't believe how much I've learnt just from your videos l. So thank you. I have a quick question on transferring assets and can't seem to find the answer anywhere online. We supply and install kitchens and bathrooms as well as a great deal of other interior works and so looking to transfer over our equipment and tool (of which there's a great deal and some pretty new and expensive) I was looking at doing this transaction via a directors loan account. The Answer I can't seem to get anywhere is how to allow for depreciation of these tools? Is it as simple as researching the secondhand market value via ebay etc.? Or is there a rule of thumb or allowance involved? Hope you can help.. thanks in advance
Glad you found the videos useful! This one is difficult to answer here as there are a few ways of doing it, and there are tax consequences to what you might do. If you do what you are suggesting, usual practice would be estimate of market value using as you say, ebay or similar for comparable pricing.
Very little incentive to start and run a company in the UK. Bearing in mind all the negatives of running your own company like lack of holidays, 100 hour weeks etc etc. Better off being employed as there is not enough reward for the risk and effort it takes to start and run a company. Governments have eroded the benefits available then wonder why we have poor economic growth.
I think there are valid points here, although I don't think they apply specifically to limited companies, I think you could make the argument for self-employed/partnerships as well. Being in business in your own right is often not the 'dream' it may appear!
@@HeelanAssociates Doesn’t seem right to me. Surely government should be encouraging and rewarding business owners so that they have reason to grow and expand their businesses. For me there is not enough reward for the risk taking. Having been employed for many years and recently become a business owner through circumstances I was very surprised once I got my head around the financial environment that business owners have to operate in.
This is great, thanks. Do you have a link to a spreadsheet though that compares the different amounts payables at different incomes? I’d love to see that if you do
As accountants we obviously do these calcs, but sadly not something we have available to share.
Hello sir ı opend a company 6 months ago and ı never used it so my company is dorment bu tı never made a tex retern or comfermationt statement ad dont . Now ı whant to close my company becouse ım not going to youse it what should ı do pleace help me. Thank you for your time
You should investigate whether this will be the next action for you www.gov.uk/government/publications/strike-off-a-company-from-the-register-ds01
Hi Dan, what would be a reasonable cost (to get a rough idea) for the registers for a single owner limited company?
Tough to say as everyone charges differently depending on the format and how old the company is. To give you a ballpark, for a simple new ish limited, we are around £100+VAT.
Thank you for your reply and the ballpark, good to know! By the way thank you for the helpful videos, you cover crucial topics that are hard to find! Would you be able to made a video on setting up a b c shares?
i use the allowance when my expenses are less then 1k rounds it off as low expense with online based work
Yes often if your expenses are under £1k can make sense.
@@HeelanAssociates can you do a video on expenses that are allowable for tax reduction I have always wondered if you live with parents and work from home but pay them do you get tax reduction for rent to parents ?
You need ur P60 PAYEE code when u do ur assement and ur earnings off ur p60 and the tax you paid write all that in your employment section you find all this infor to file ur employement income on ur P60 thats issued every april put any milage down if u get paid fuel back in allowable exepnses hope this help uk !
There is a new nuances to this, particularly around mileage (and expense claims in general).
Hi Dan, seems I’m sole trader gardener and have some regular clients, so e.g my regular Tuesday job mileage is not deductible, like the doctor’s regular visits to the hospital from the video? However one off jobs are? This is how I’ve filed my claim to date. Really enjoy your vids.
Hi Noah, You *might* find it could be tax deductible, all depends if your trade is truly 'itinerant'. However what you describe is certainly the more cautious approach, there are many tax court cases arguing both ways.
Hello I am French, I am located in France, and I created a Ltd to sell on Amazon UK, but I don't understand why since I thought it was free? and yet I receive letters maybe once a month from the IKA government and now they are asking me for money even though I have not made any sales I have to pay to close this business because I don't use it? Is it possible to change my bank card number and also my postal address?
Hi thanks for taking the time to comment. I think with this one there are just too many issues and further questions needed to be able to provide value in a comment here sorry.
This is very helpful thanks. I'm just applying at the moment so this really helped me to work out what's best to do.
Glad it was helpful!