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Small biz MoneySaving

Archives for December 2019

Scout group - credit card advice
Hi... First time poster... we are looking to change bank accounts to allow for a credit card. Not sure if this is possible as we are a charity... if it isn’t is the best way to go a pre-paid credit card? Any ideas gratefully received!
When to pay employees?
So we normally receive payslips from our accountant around the 10th of each month and I was just wondering if there's like a date that you should pay your employees? I know when I was employed, it was always around the 25th of each month (towards the end in arrears). What's to stop me to pay them earlier this month given…
Benefit Claiment, thinking of selling online to become self employed.
First post here dont bite my head off. So I'm 27 years old, and Currently claim benefits, what I claim is child benefit as I'm a Single father, Universal Credit and PiP. I am classed as disabled due to my mental health, personality issues, PTSD and epilepsy. Do not claim housing as I live in my parents house. Anyway, I…
Scam board games
Limited Company but personal Guarantor
We are in the process of purchasing a lease and an overview is below: Lease: 10 years Rent Review: every 3 years, next one in 2021 Break Clause: Every 3 years On the contract for assigning the lease they have put my limited company but also myself and my partner on as guarantors. Is this common practice? I guess this means…
AA02 Dormant Companies form - shareholder's fund?
Afternoon all, Quick question - I have a small company (brewery) that never actually traded. It was 'active' in the sense that I was doing stuff with setting it up for a few years (2014-2015) but since then has sat idle, bank account closed, etc. Since founding I've filed Micro Entity accounts but it struck me that for the…
Freeagent / CIS Software?
I have been using Freeagent for the last month upon several recommendations on here. However, I am struggling with the CIS side of things in Freeagent. Ideally I'd like something for CIS that works out of the box and can calculate amounts, verify subcontractors, create statements and so forth. Freeagent is very basic and…
Insurer asking for PAYE
Hi We took out employers liability insurance recently and the insurer is asking for our PAYE number. The reason is somewhat vague (If an employee makes a claim against you, it's important to prove that you're insured.) Has anyone come across this before and whether it is safe to provide them with our PAYE number. Is it a…
50 - 50 Ltd Company - Directorship terminated with no prior notice or advice
My Ltd company is structured - My self and co-director 1 x Ordinary share each 50 - 50 split - no persons with significant control Key responcibilities - Myself - front of house, sales, account management etc Business partner - IT, website, email etc My business partner has done the dirty on me and terminated my…
Electric car in April 2020
I am thinking of taking advantage of the tax changes in April next year (0% BIK) for company cars. does anyone know if this only applies to new cars, or can the company buy a used electric car? Also, how can the electricity cost be reimbursed to the director if the car is charged at home? And at what rate? Thanks.
Supplier not delivering goods as agreed
I placed an order with another small business for some hair products a few months ago, with the agreed delivery date to be beginning of December. I paid a deposit and then they confirmed that they would be despatching the products earlier in mid November so I paid the balance in full, as it was agreed to pay before goods…
Supplier not delivering goods as agreedi
I placed an order with another small business for some hair products a few months ago, with the agreed delivery date to be beginning of December. I paid a deposit and then they confirmed that they would be despatching the products earlier in mid November so I paid the balance in full, as it was agreed to pay before goods…
Charity Bank Account
Hello, I have set up a non-profit charity we offer support/information etc and it's really taken off, the only thing we are missing is a bank account in the charities name and the banks are just shutting us down due to credit so I assume, but we have been offered a great amount in donations from large organisations which…
Staff - employment contract
Hi Just out of interest, where do employers get their employment contracts from (admin ones), thanks.
Charity donations via company
Hi All We are a ltd company and have previously BACS funds from company bank account directly to charities bank account. There is a charity raising funds but only mentioned cash as donations. Is it possible to pay the cash and how would we do it in practice for it to remain an allowable company expense? 1. withdraw cash…
Non-profit club accounting software
I am treasurer for a scout group and I’m looking for a web based accounting software. I need to be able to process membership fees, activity payments and expenses to various people. Can anyone recommend something?
Biz has really taken off but I'm in a bit of a muddle with how to pay myself
Hi All, Firstly, I'm thankful for any advice. I have an online business thats really taken off in the last year, we sell hair accessories. This has been my only job so I thought paying myself would be nice and easy... turn out it is, but doing it properly is another thing all together! So I'm paying myself £12,500 paye…
Director, how do I pay myself?
I have set up a little business - a private limited company of which I am the sole director which - currently and probably for at least the next year or so - is destined to pay me £500 a month. That is all I intend to take out. It will be my only employment income. I assumed this would involve PAYE but when I looked at…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Small biz MoneySaving

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