Small biz MoneySaving

Archives for August 2021

Small business gas meter installation
We've just moved into a small high street shop. The property has a gas supply and MPRN number but no meter installed. I am having a real problem trying to get any progress from utility providers on meter install to get a new account set up. EDF Business say they can't install non domestic meters. E.On sent me an…
Employed and starting small business as sole trader, should I register VAT
Hi everyone, sorry but it's quite new this for me. I'm currently employed in a company, and I have a chance to start as sole trader to provide a small number of consultancy which should give me 10K-20K of additional income. I understand I'll need to do a Self-Assestment, my questions are related to VAT, on the UK gov…
Personal Card
Hi, I’m a new limited company owner with just myself as an employee. I purchased some headphones for my company using my credit card as my business card was at home. Do I pay the full £20 back to my personal account from my business account? If so how do I mark it? Thanks.
Sole trader related questions
Hello. I am bit confused. I have 2 separate questions as clear as possible. Please be kind :) . Question 01: From the rules regarding should I register a sole trader or not. I understand that if I earn more than 1000 GBP I should register as a sole trader. But this rule shouldn't be by itself doesn't count the intention.…
Help, I don't know where to start, being made redundant and want to start up my own business.
I have been told by my employer the company I work for, is shutting down, but this could take up to 18 months. But I want to start up my own business now so I have something to "walk into" when I finally lose my job. I have cleared this with my employer he's not particularly happy, but understands why. We are a fairly…
Gift aid limits and self assessment
I know that you can gift aid up to 4 times the total of your income tax and capital gains tax, and for self assessment that works fine for a declaration of the previous year's figures. But if I want to make another gift aid donation at 4 times the limit in the following year through self assessment is the "income tax"…
Small Farm & Yorkshire Electric/Ecosave ripping us off?
Hi, Please could someone help. My father in law uses a company called Ecosave to look for the best electric prices for our small farm. It was all going fine until they put him with someone called Yorkshire Electric/Gas and now they are ripping him off. They are taking £200 advance electric costs (last month we only used 53…
Public Liability Insurance and retirement
Hi Some basic information: A talking therapy business running for over 10 years, sole trader. Retired earlier this year and the Towergate PL insurance has come up for renewal. Calling them to cancel the renewal they said that there would a be 3 year 'run off' free of charge in case any claims arose. Reading the…
Best way to reduce tax on buying a company car?
My car has packed in. I own a limited company. I've heard if you buy a pickup that 100% can go against a company business and electric vehicles. When I've done research, it says electric cars get 100% return of money only if its new. Can you recoop 100% of an electric car’s costs? Could I finance an electric car say tesla…
Advice on selling Ltd company in debt, or reducing hours.
Hi all, What I'm looking for is some ideas as to how to proceed really. I co-own a limited cleaning company with my girlfriend. We have 8 p/t staff. It started out 9 years ago as something to 'keep the wolf from the door' with me as a sole trader, which was never meant to last long, but it snowballed into a good local…
Directors resigning after short time - genuine reason?
Hi. Hoping someone on here can give me an answer. I've been looking up a company that started up and within a few weeks two out of three directors resigned. The director who is still there was involved with another new company with these other directors and all three resigned around the same time after a few weeks. One was…
Start up new business
Hi all, This is my first post and i am looking for some support in starting a new business as a recruitment consultancy and i am looking for some support on creating some terms and conditions for my business, email hosting recommendations, and virtual offices. I have found some terms from other companies which is exactly…
GDPR breach?
Hi, Quick question. I know companies have a right to pass your information onto a debt collection agency when you're in debt as per your contract... But, if they pass on your details to a debt collection agency when you do not have any debt, is this a breach of GDPR? As they have no legitimate purpose to pass on personal…
Online 'fintech' accountants
Just recently started a new business and have decided to look at 'online' accountants rather than the family accountant I've used in the past I know that my accounts (historically and with the new business) are likely to be very straight forward and I won't need much of a personal service. The ones I have found online are…
Commission re Business Rates Appeal
What is the amount of % commission (approximately) do companies charge if they negotiate a successful Business Rates reduction with the local Council?
Do I need a business bank account?
MSE article 28th June 2021 "Do I need a business bank account?" by Helen Saxon says that you don't need to have a business bank account if you are a sole trader. My bank (Lloyds )T&C say "Without our consent you must not open or use a personal account ... for the purpose of a business" but were not clear on what to do.…
Small business Ripped off!
Logic vending sold me a machine and put it on a hire agreement it seems although hi was told it was a lease to buy as I would own the machine at the end. Looking through the paperwork there isn any mention of the actual cost of the machine or the APR - obviously covid has hit hard so we have been going through any…
Buying an existing business.
Evening all. Hope everyone is well. Does anyone out there have any experience with buying existing up and running businesses please? I've been toying with setting up my own business but have come across a couple of up and running businesses and am toying with the idea of this instead. I have loads of questions from funding…

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MSE News

Santander to cut rate on popular 5.2% easy-access savings account next week – should you switch now?
Santander is cutting the rate on its popular easy-access savings account from 5.2% to 4.2% on Monday 20 May. But you can easily beat the new 4.2% rate by switching elsewhere.
Subway customer? You've got until TOMORROW to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until 5pm on Tuesday 14 May to spend any points you've built up – or lose them entirely.
Tesco shopper? You've got three weeks left to spend £17 million of expiring Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check when your vouchers are due to expire as there are just three weeks left to spend or extend nearly £17 million-worth before they run out on Friday 31 May.
Sainsbury's shopper? Check if you can get an easy Nectar points boost with its limited new offer
If you have a Nectar card, you may be able to earn a few quid's worth of extra points this month, as Sainsbury's is running a limited new promotion for millions of shoppers.
Bank of England holds base rate at 5.25% again – but with a cut now on the horizon, what does it mean for your mortgage and savings?
The Bank of England has held the base rate at 5.25% for the sixth time in a row. But there are now stronger signs that a rate cut might be coming soon – which could have a knock on impact on mortgage and savings rates.
Bank of England holds base rate at 5.25% again – but with a cut now on the horizon, what does it mean for your mortgage and savings?
The Bank of England has held the base rate at 5.25% for the sixth time in a row. Here's what it means for your mortgage and savings.
FREE Creams Café gelato scoop (normally £2.50)
If you're after a sweet treat , we're cone-fident we have just the the scoop for you...
Bank of England holds base rate at 5.25% for the sixth time in a row – here's what it means for your savings and mortgage
The Bank of England has held the base rate at 5.25% for the sixth time in a row. Here's what it means for your mortgage and savings.
Parents in England expected to contribute up to £15,000 a year towards children's university living costs, new report finds
Parents and carers in England have to contribute up to £15,127 a year in order for their children to have a minimum acceptable standard of living at university, according to a major new report.

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