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Royal Mail Insured Compensation For Loss
As a small business online owner selling my items through online auction sites i was really disappointed to learn the hard way of the Royal mail Insured / tracked loss policy. I have been using Royal mail for a while now , sell my items online, happy to pay more with Royal mail Postage for their speed, reliability and…
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Full time vs Self-Employed. Am I better off now?
Hello all, Just wondering. Recently I started my own business for the first time and wondering how much better off I am (if at all). In my previous full-time job I earned £50,000 a year. Now I earn £400 a day as a self-employed person through my LTD company and expected to work around 200 working days a year. The contracts…
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Setting up a company to run a holiday let and house let
Hello. Hope I'm posting in the right place, apologies if not. My husband and I own a house that we let long term and are setting up another house to run as a holiday let. I undertake the vast majority of the work (obviously it is minimal with the long term let compared to the holiday let) and this is currently my main job…
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Advice on setting up a company to house all businesses
Hello, I'm wondering if someone here could give me some advice on my current situation. At the moment I run a few different websites. Lets says we have website A website B and website C. They all generate revenue but payments for these websites go through website A's bankaccount. This is because I started with website A…
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Businesses - Which Bank Account for BAD CREDIT? HELP
Hi I need help with opening a Business Bank Account. (ESSAY ALERT - apologies) I run a LTD company with a decent turnover and profit for a 1 man band. My personal credit history is bad. I opened a secondary personal bank account which I use solely for the running of the company. I've even labelled the account after my…
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Ordering products from USA
I would like to order some hair products from the US, in smallish quantities from various companies, no more than a 100 items to sell in a subscription box. A lot of these products you cant find here, or are much cheaper than UK prices even with shipping costs. Would I be liable to pay any customs or duties on these? I…
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GDRP and Hosting Geography
Hi, Wondering if anyone knows how the GDRP will affect my hosting ability and legal compliance? I currently host a website with Justhost, and store customer names and addresses on the database there. With GDRP, will I need to shift my customer data to a UK based database/hosting provider? Thanks in advance.
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Should I be paying national insurance contributions
I am currently employed on a part-time basis (earning around 9-10k a year). I also run a freelance business which brings in a profit of around £2.5k a year. Because my self-employment income is fairly low I am just wondering if I should be voluntarily paying the Class 2 NI contributions or not? To be blatantly honest, I…
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1&1 Hosting - Advice required
Hi, first of all sorry if I've posted this on the incorrect board, I wasn't sure where it would fit. I am just looking for some advice on how to proceed in a situation where I am dissatisfied, but am sure I've been stitched up legally with complex T&C's. Basically, just over a year ago I purchased three cheap domain names…
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Public Liability Insurance
Hi, my husband is a Sole Trader who needs £10million PLI cover to be able to work for certain organisations.The last couple of years the premium hasn't been much over £100 but all quotes are coming up as over £300 this year and I've no idea why. Can anyone shed any light on this? We've never made a claim or been bankcrupt…
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Transferring assets into self employment
Hi, I've recently bought a lot of equipment in order to learn a new skill and craft that I eventually hope will earn me some money by selling the items I make. If I start off as a hobby (whilst I learn and perfect my skills and products and not sell anything) can I then later transfer my equipment and 'stock' from being…
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Spam button
There’s a HUGE amount of Spam across the boards today, lots on this board. If you see one - it will be very obvious- please press the :spam: button. :D
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Dividends greater than current year profit
Hi, i am a newbie, with a relatively new small business just over a year old. i am confused about the amount of dividend we can withdraw. i am also scared of illegal dividends. should it be less than the current year profit, or can it be more than current year profit, so long as there is retained profit from last year? as…
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Sole trader to Ltd
New poster looking for some guidance on registering as a limited company. Of course I will be speaking to an accountant eventually but wanted to get some initial thoughts. I have been trading as a sole trader for a few years now and will be paying my 16/17 tax bill at the end January. Also 50% towards 17/18. My only…
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From benefits to self-employed
Hi there. I am currently a full-time carer for my partner and existing on various benefits: Housing Benefit Income Support Carer's Allowance and my partner receives PIP As a hobby I create digital art and designs which I've been told I should be selling. I'm seeking advice on the implications on benefits etc if I set up…
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Starting a new business, guidance please
Hello, Need some help please, I am currently employed but have been told in confidence by the MD that the firm is going to close in the next couple of months and the customers I work on I can continue to do so on my own if I want to, this will mean I will need to start a Ltd company and will have to register for VAT, I…