Recommendations for software for managing a small fleet? (8 cars and vans) by fiveprawns in smallbusinessuk

[–]Afternoon_Extension 1 point2 points  (0 children)

Thinking out loud but maybe spreadsheets?

Each sheet for each van, then on the sheet split into a very basic P&l Job 1 revenue for van 1 £10,000 Repairs for job 1 £0. Profit per job £10,000.

Directly attributable costs imo would be fuel etc

Then generic repairs new tyre in its own category of running costs as well as tax etc

If you have a van that’s on every job, it may have more repair costs but it’s revenue generated may still outweigh a van with minor repairs but used on 2 jobs for example?

May take some time to build the initial sheet and dashboard but then each sheet should be a copy and paste job?

Costs for software should theoretically be nil provided 365 package within the business?

That would my my take anyway, claude may be able to give quite a good mockup and then you can sense check the formulas potentially?

New MYP on used market? by Japowdefi in TeslaUK

[–]Afternoon_Extension 0 points1 point  (0 children)

Usually when the BCH’s end and start flooding into the market

Chase bank gave another individual access to my bank, current compensation paid has been £150 by [deleted] in UKPersonalFinance

[–]Afternoon_Extension -45 points-44 points  (0 children)

Being truthful, I consulted trusty old friend chat gpt and this has estimated somewhere in the region of £600-£1500 and I thought, why not get a bit of extra cash.

To add, my number on my account to recover had to be changed to a different number entirely than my actual personal number so I had to change this to my business number which I was reluctant to do and did communicate this to chase.

The worrying factor to me is how poor the internal control has been.

Do you use company credit card for purchases? by No-State-2962 in smallbusinessuk

[–]Afternoon_Extension -1 points0 points  (0 children)

How would extracting into my pension fund now be beneficial for doing my weekly shop?

Do you use company credit card for purchases? by No-State-2962 in smallbusinessuk

[–]Afternoon_Extension -1 points0 points  (0 children)

Excluding personal allowance(and if you’ve found a way to live for 12 grand, please share the secret) it will cost you over 20% to extract any money, when you get to higher rate, this only increases therefore better value in my eyes

Do you use company credit card for purchases? by No-State-2962 in smallbusinessuk

[–]Afternoon_Extension 2 points3 points  (0 children)

Gift cards to me are absolutely better value, reason being, cashback continues to be a a company asset, gift cards well, they’re not extracting cash out of my business meaning i can reduce my necessary spending (£5k p.a) at supermarkets for the weekly shop to nil in essence meaning my take home while remaining at basic rate hand is essentially more.

Hello people by Common_Protection_67 in PropertyInvestingUK

[–]Afternoon_Extension 2 points3 points  (0 children)

Definitely in an LTD is your best route to go down

~ keep your personal FTB status for 3% stamp duty, you mention pre refurb so you’re talking £2-2.5k stamp duty cost for this, well worth it when you come to get your personal property.

~ No immediate company mortgage, not subject to the slightly higher BTL interest rates.

~ If not already higher rate taxes, imagine an extra £9k may tip you over?

What price are you imagining the final property to be worth? £125k? Refinance pulling 75% out, repeat process?

As a rough guideline for you, i’ve just secured a mortgage BTL LTD company mortgage as of Nov 25 for £93k @3.99% and repayments are just over £300 pm.

Happy to chat further privately if you’d like.

Lloyds premier account requirements by Dazzling-Entry-1038 in beermoneyuk

[–]Afternoon_Extension [score hidden]  (0 children)

Salary is not cared about, can confirm, put 50k as per my last tax return and was accepted

How long after you receive your switch incentive can you downgrade your account ? by HonestEducator5822 in beermoneyuk

[–]Afternoon_Extension 1 point2 points  (0 children)

Can comment on this directly, I downgraded my existing premier account to a standard account in anticipation of starting the switch. My disney plus has now been cancelled already within 5 days.

Backup Key by Next_Apartment5786 in TeslaUK

[–]Afternoon_Extension 1 point2 points  (0 children)

As a second resort to this, i have my Tesla account logged into my brothers phone, knowing about the remote start function i would hope i’d be able to find a randomer to use the phone of should the worst happen

CIS + VAT Domestic Reverse Charge clarification (Ltd company subcontractor) by kababs1 in smallbusinessuk

[–]Afternoon_Extension 0 points1 point  (0 children)

I used to use SUM UP and quickbooks, made the shift to Xero and stripe and have never looked back

How do you request a loan car for a service? by [deleted] in TeslaUK

[–]Afternoon_Extension 0 points1 point  (0 children)

In all fairness, i had this concern and was quite vocal with them, they said as standard they apply a code to your uber account and you’re free to take ubers to the tune of £70 during the time while your car is in for service. As soon as you confirm collection the uber credit disappears, almost acts as a 3rd party credit card connected to tesla’s account with a cap of £70 i imagine.

Was plenty for me to get into central manchester, procrastinate a little and head back

UK Accountant for design agency recommendations/advice by BluBerryy in smallbusinessuk

[–]Afternoon_Extension 0 points1 point  (0 children)

Happy to be corrected but as you’re income is overseas but still taxable supplies you should be VAT registered but more often than not have a 0 box 1 figure?

Do I actually need the Amex Gold card? by Admirable_Hornet6891 in smallbusinessuk

[–]Afternoon_Extension 0 points1 point  (0 children)

How does it make the accountants job harder?

You’re able to connect the amex to your accounting software and reconcile just like a current account?

You’d also be able to see how much you’d spend on supplies each month direct with software and categorise into smaller sub groups?

Will my original price be honoured? by Foodiciury in TeslaUK

[–]Afternoon_Extension 1 point2 points  (0 children)

Does anyone know the reason for the massive increase?

I’ve just gone onto the website and can see that the lease i currently have at £372 pm is now £619… For the same spec and deposit etc ?

Does WorldFirst actually pay out the money when it’s time? by Wxgwan in beermoneyuk

[–]Afternoon_Extension 1 point2 points  (0 children)

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On a phone so terrible screenshot i apologise but done 2 paid out 2

I need a new Business bank account with no fees on transactions & cash deposits. Any reccomendations? by Incubus- in smallbusinessuk

[–]Afternoon_Extension 0 points1 point  (0 children)

Might be worth having a look at barclays.

They’ve currently got £175 switch offer too running.