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Selling Pick & Mix Sweets Online
Hi all, At the beginning of this year my wife started up her own wax melt business, and is doing ok. She wanted to branch out and has an idea that will go with her brand selling pick & mix sweets. Where do we start on this? We are going to buy them wholesale and just repackage and send out, but we are not sure what rules…
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Self employed - how to account for tax paid in Quickbooks?
Hi All! I have made my tax payment for last years accounts, and as it has come up on Quickbooks as a transaction to review. Should i mark this as business or personal? There is a business category for tax but this is counting it as an allowable expense which doesn't seem right? Thanks for your help!
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Importing an order whilst still on Universal Credits
Hi, I'm not sure if this is the right place to post this question but I just need a bit of advice and I haven't been able to find any elsewhere as of yet! I am looking to make a small order of products from abroad, I'm not currently working and am on UC but it is something I would like to start doing, my question is simply…
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Can you scale up business to quickly
Hi, Will admit I'm also just as much curious as about when you should scale up a business, aware that some businesses don't last 2 years. I work for a very small company in a saturated industry in a basic role, whilst it is coming up to surviving it's 1st year, some days busy, others far from, it is not phones ringing of…
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Advice please: How to find UK manufactures of a recycled plastics product idea to make prototypes?
Hi, Can anyone point me in the right direction please. I have a product idea I would like to try and make happen. I have had many ideas of the past 20 years but never the finances to go with the idea. Many of my ideas have come to pass but 10- 20 years after I have thought of them and written them down in my ideas book.…
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Side Gig - where to start?
I've recently returned to the UK after a few years abroad due to a work assignment. I'm employed full time and a high rate taxpayer. In my spare time, I'm working on starting my own business which involves tutoring others over zoom. Turnover could be up to 10,000 per year to start with if all goes well. My assumption is…
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Giving away a business !
My father had a roofing business which started in 1978, my brother worked with him from the age of 15 this was back in the 1980s, leaving school in them days early was accepted I guess. The business grew to a real money maker due to there reputation. I must admit even though they charged more for a flat roof customers were…
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Going self employed
Hi everyone looking for some much needed advice I have just left being an employed hairdresser to self employed renting a chair! I had worked for 15 years in the same salon and just did not enjoy it anymore hence the change! This sounds very silly but I have no idea how self employment all works, could anyone please advise…
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Alternative address to receive deliveries
Good day everyone, I am searching for a service that provides an address(Preferably cheap) where I can order and have any letters, packages and deliveries deliveried and collected there. Royal Mail as it costs £30.50 per month, £165 6 months or £300 12 months https://www.royalmail.com/business/manage-mail/po-box I have a…
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Small Business / Post Run / Pinged by Covid App
I run a small online shop sending items to customers with a trip to the post office each day. I have been pinged by the Covid app to isolate for ten days as I have been in the company of someone who tested positive. I want to continue sending items to customers promptly, but don't want to use Hermes/gig couriers as my…
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Worth Selling in EU?
Hi, Im wondering if anyone can help me try and understand requirements to sell low value prints within EU please as im getting a little confused with the rules and requirements. I have always sold within the UK, I am a normal sole trader, not rolling in the money but doing fine IMO.now that my business is running well and…
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Confused re £1000 trading allowance!
I apologise in advance as I am completely new to this and for the fact that the answer to my question is probably completely obvious to most people 😖 I've been selling homemade crafts for just over a year. It basically began as a hobby during the first lockdown but I eventually had so many creations that I started to sell…
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Simple excel accounts sheets
Hi, I'm expecting to do some consultancy work this year so, my accounts will be simple, income from one source and expenses. Can anybody recommend a (preferably free) excel based accounts sheet that I can use to keep that will help me calculate my profit? TIA
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Car insurance- staff running errands
Hello. We are a limited company with no company vehicles. Form time to ime local suppliers have items ready for us which it would be quicker for us to collect than await delivery. What is the position regarding members of staff 'nipping in' on the way to or from work to collect/drop off items? One member of staff asked…
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Sorry deleted (wrong section)
Sorry have deleted as it is in the wrong section
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Business Insurance, Indemnity, Keyman etc advice
Hi there, I run a very small limited company with just me. I provide marketing services and advice to small to medium sized businesses. Someone recently told me about indemnity insurance and keyman insurance. It is a complete minefield to me. Any advice on where to start? Thanks!
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Commercial Lease - When to pay legal fees
Hi Our commercial property that we currently lease has been sold during the latest lease agreement, and we are now at the point where the lease is due to expire and we are looking to extend it. We met the new landlord and he appears to be ok, however we have been asked to cover his legal costs as part of the new lease…