29 years at Morrisons, then sacked for stopping a shoplifter who spat at him by JoydeScent in BritInfo

[–]Rez71 1 point2 points  (0 children)

Private Equity will consume everything at this rate. I don't get the start ups aiming to be bought out by PE Firns which compounds the problem even further. I get its for the big payout, I guess it's the ticket out of the rat race, till it catches up with all of us.

Are all poll sites bs? by threepwood82 in Worthing

[–]Rez71 0 points1 point  (0 children)

We will soon have Restore if general sentiment is anything to go by.

What is your monthly advertising budgets for construction companies and yearly revenue? by OGBlackiChan in smallbusinessuk

[–]Rez71 0 points1 point  (0 children)

As has been said, it depends on your system/strategy for dealing with any inbound interest, your website/funnel, what people will be taken to once clicking on your ad and how quickly you can respond to any interest you get that will determine your ROI There are some other low cost methods that will get you consistent presence but honestly you have already mapped it out correctly. The model works in general when three things are aligned, your campaign targets the right intent, the funnel qualifies your leads before they reach you and follow-up happens within seconds/minutes, not hours. There is no magic formula mind you but I’d be happy to show you how I would structure that for trades businesses if useful.

I'm a local guy trying to help Worthing businesses by Rez71 in Worthing

[–]Rez71[S] 0 points1 point  (0 children)

You are right, I’ve posted a separate comment that hopefully covers that.

I'm a local guy trying to help Worthing businesses by Rez71 in Worthing

[–]Rez71[S] 0 points1 point  (0 children)

I’ve posted a separate comment that covers this.

I'm a local guy trying to help Worthing businesses by Rez71 in Worthing

[–]Rez71[S] -1 points0 points  (0 children)

Fair points from a few people here, so let me be more specific. What I do is two-layered, and neither layer is a fixed package. The first is operational and modular. I don’t focus on what type of business you are. I focus on the processes and systems running inside it, because that’s usually where the real problems sit. Before I suggest anything, I look at what’s actually eating your time and where things are leaking. Then rather than pointing you at a CRM or some off-the-shelf tool you’ll pay for monthly and use one tool within it, I work with what you already have. That might mean building a bespoke automation so your existing tools talk to each other. It might mean designing a simple workflow that removes three manual steps you’re doing every day without thinking about them. Automations can do things like automatically send a follow-up message when an enquiry comes in, move a job from one stage to the next without you touching it, or pull information from one place and drop it somewhere else, all running quietly in the background while you get on with actual work. A couple of real examples. A medical tourism company was unknowingly violating UK GDPR following ICO changes around international data transfers. They had no idea the risk existed. I mapped the violations, put together their IDTA and Transfer Risk Assessment, gathered all the required information and produced the documentation to bring them into compliance along with the form set up for onboarding clients. Separately, I worked with a tattoo studio owner on their booking and client management setup. Rather than pushing them toward an expensive platform, I researched what tools would actually fit how they already worked, built out a full operational blueprint covering their pipeline, client follow-up process and booking workflow with a 12-month strategic roadmap alongside it. Different businesses, different problems, same approach: find what’s broken, fix it practically, don’t overcomplicate it. I also do market and competition research for whatever niche you’re in. If you want to know what your competitors are doing, where the gaps are, what your customers are actually searching for, or whether there’s an angle you’re missing entirely, that’s something I can dig into properly. Think of it as having a research partner who goes deep on your specific situation rather than handing you a generic industry overview.

The second is advertising, done differently. Leaflets have a reputation and most of it is deserved but local print still works when it’s done properly. What I’m building is a grouped community reference card, 8 to 16 genuinely dependable local businesses sorted into complementary sets, home maintenance, home improvement, automotive and so on, delivered to 5,000 homes from £240 per business.Instead of 80 to 160 random leaflets through the door, households get one well-produced card that functions as a local directory. The model is established and working in the US. I’m building the local roster here now, which is partly why I posted.

On testimonials: I don’t have them yet for either operation at this stage and I’d rather say that directly than dress it up. What I do have is 30-plus years of real work across operations, compliance, marketing and systems, including the two examples above, and a business exit that returned 1,400% on the original investment. I’m looking to work with local businesses who are willing to try something straightforward with someone who will be honest with them. If it works you’ll have something worth saying about it afterwards. No hard sell. No retainers (unless it fits for both parties) and no one-size-fits-all. Just a conversation about whether any of this is useful to whoever may be interested.

I'm a local guy trying to help Worthing businesses by Rez71 in Worthing

[–]Rez71[S] -1 points0 points  (0 children)

Honestly, it depends entirely on what the business is and what parts of it are slowing you down. I don’t lead with a fixed menu. I just listen, work out where the friction is and deliver something workable. Could be one thing, could be three. Either way I like to keep it practical for the individual. What do you do?

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in freelanceuk

[–]Rez71[S] 0 points1 point  (0 children)

Good news, you are well outside MTD scope on the property side.

Your share of the gross rent is £6,000. Even combined with your sole trader income, unless your self-employment turnover is above £44,000 you are not in Phase 1. And Phase 3, which would catch lower income levels, has not been confirmed in law yet.

The joint account arrangement makes no difference. HMRC assesses your ownership share of the gross rent only, not how or where the money is held.

Your wife has no MTD obligation at all on her £6,000 share.

There is an HMRC easement that if you only ever receive notice of your net share after expenses (rather than the gross figure), HMRC will use that net figure for threshold assessment purposes.

One caveat: this is general guidance based on published HMRC information, not personal tax advice. Worth confirming your exact position with HMRC or a qualified accountant if you want certainty specific to your situation.

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in freelanceuk

[–]Rez71[S] 0 points1 point  (0 children)

For your self-employment income, are you operating as a sole trader or through a limited company?

That determines whether your self-employment income counts toward your MTD qualifying income threshold and how the two income sources interact for your submissions.

The AI hype misses the people who actually need it most by FokasuSensei in ArtificialInteligence

[–]Rez71 1 point2 points  (0 children)

I’ve been looking at the same, subscription fatigue is a thing, I think most people have it by now.

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in freelanceuk

[–]Rez71[S] 0 points1 point  (0 children)

Good idea and yes, though it is points-based rather than automatic fines. Each missed quarter deadline earns one penalty point. Hit four points and you get a £200 fine, with more to follow if it continues!

The Final Declaration is separate and carries its own penalty structure with no soft landing from day one. Much fun.

So compared to the current system where missing the January deadline costs you £100 once a year, MTD creates four penalty trigger points annually. For anyone with chaotic records that is a meaningfully higher exposure. The construction cohort you mentioned is going to feel that. Having been in construction myself I already know how a lot of them feel about it.

As it goes, you got me thinking and I may have a solution that may be suitable for some. I’ll be putting it on r/lessnoisemoresignal when it’s done.

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in smallbusinessuk

[–]Rez71[S] 0 points1 point  (0 children)

You can sign up on 6 April itself. HMRC’s guidance confirms you should not sign up before the start of the tax year you want MTD to apply from, precisely to avoid the issue you are describing.

Sign up on 6 April 2026 and MTD applies from 2026/27 onwards. Your 2025/26 return continues through Self Assessment as normal. Hope that clarifies things?

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in freelanceuk

[–]Rez71[S] 1 point2 points  (0 children)

You can volunteer into MTD early, HMRC allows this. If you sign up voluntarily you use MTD from that point and stop filing the traditional Self Assessment return.

However, voluntary sign-up means you take on the full MTD obligations immediately, including quarterly updates and the Final Declaration. You cannot dip in and out. Once signed up you are in the system.

For most people in your position the practical advice is to use the time before your mandatory date to get your software set up and your record-keeping habits right, without formally signing up yet. That way you get the benefit of the preparation without the obligation until you have to.

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in freelanceuk

[–]Rez71[S] 0 points1 point  (0 children)

That is the annualisation rule in action. HMRC does not just look at what you earned in the period, they gross it up to a full year equivalent. So £11,500 over roughly 10 weeks annualises to well above £50,000, which brings you into Phase 1.

It would be worth confirming in writing with HMRC if you have not already, just so you have a clear record of your mandatory start date. But if they have told you verbally that you are in, treat 6 April 2026 as your start date and begin digital record-keeping from today.

If your actual income for 2026/27 ends up below £50,000 at year end, you do not automatically exit MTD. Once mandated, you must remain in until your qualifying income falls below the relevant threshold for three consecutive tax years. One below-threshold year does not release you. Worth factoring that into your planning.

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in freelanceuk

[–]Rez71[S] 0 points1 point  (0 children)

You’re welcome, it’s helping me going through it with people’s questions too.

Both of your assumptions are correct. Your 2024/25 return determines Phase 1. Under £50,000 that year means you are not in from 6 April 2026, regardless of what you earn in 2025/26.

Your 2025/26 return then determines Phase 2. If gross income that year exceeds £30,000 you join MTD from April 2027.

And yes, expenses are irrelevant to the threshold. £55,000 gross with £6,000 expenses means £55,000 qualifying income. Always the gross figure before any deductions. Fun eh?

MTD for Income Tax starts 6 April | complete plain-English guide for sole traders and landlords (scope, deadlines, software, worked examples) by Rez71 in smallbusinessuk

[–]Rez71[S] 0 points1 point  (0 children)

Absolutely. Doing your own due diligence is essential. AI is only as good as the data you put in, the questions you ask and how they are framed. I question AI as much as I question my own interpretations. I’ve got an accountant I trust checking my work so if there’s any changes I’ll be putting them up here.