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Ltd structure
Hi. I would like to find out more about LTD structure before I setup one. How to setup LTD structure so later I can pay different amount of dividends to shareholders? 1. Lets say company makes £70,000 revenue in a year 2. There is 2 directors on Payroll £12,570 p.a. and 1 shareholder which is not on employed 3. £70,000 -…
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Importing products feight costs seem very high
HiI made a card game which is made in China, the cost of the delivery is nearly as much as the game.I wonder if this is correct? I ordered 1,000 card games, which is 8 boxes, delivered by air. Each box is heavy maybe 15kg. Cost is $1,000.Does that should right.Its half when delivered by sea. When I use to order toys they…
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Small Business Energy Bill Support
I have just taken on a local community cafe as a client. Upon our first meeting they told me about their latest energy bill of over £30,000 for the month. Now, energy bills are not my area for helping but with the amount of support this business gives to our local community i wanted to help. I'm currently exploring options…
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I'm being threatened with small claims court - what is the best course of action?
Hello, I am in a situation and need to know where I stand from a legal perspective. I run my own business and recently paid a non-refundable deposit for a product sold by Andrew. Following this, Andrew offered me a place on an excursion for a certain price. This price was discussed via email/messaging. The invoice link was…
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How to close a 1 man LTD
Hello, I set up a LTD company when it should have been set up as sole trader. I have just filed my first tax return and paid corporation tax. I haven’t done any trading for a year or used my business account, I do have a couple of hundred still sitting in there though. Any advice on how to proceed from here? I have no…
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Business rates revoked and council tax backdated. Can they do this?
Hi all, Hope this is in the right place. We bought a holiday home late Oct 2018, the kind you can’t live in full time, just 11 months, it has private bin collection and was registered with business rates as a holiday rental. It needed gutting and we were doing it all by ourselves couldn’t afford to pay someone to do it. We…
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Anyone know about PAYE Tools from Revenue and Customs
I have been using the PAYE tools for many years and made a stupid mistake last week. I put the wrong date in for date of payment. Instead of the 13th i put in the 30th and then submitted them to the Revenue Maybe i should retire ? Now i have skipped two weeks pay details and it wont let me put in those weeks missing as the…
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Large heavy deliveries - Anyone used bidding companies?
Hi all. Very long long time no see on this site :) I am a small business that wants to ship large items across the UK. Weight ranges from 10kg up to 100! I've been told that there are companies/drivers that bid to deliver your items. Has anyone used one of these businesses before, or recommend a good company for regular…
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Self Assessment Expenses
Hi, I am PAYE, but additionally do some work on the side, for which I now need to do a self assessment. Part of this obviously is I have to provide expenses. I bought a laptop for work which I have on 0% finance over 2 years. On the expenses do I state the full price or the cost I have spent in that tax year? Thanks.
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Business banking interest rates for deposits
I have noted that the interest rate on business bank deposit rates are small compared to those for private individual bank deposits. However HMRC are currently paying 4% for early payment of tax and will change as interest rates move up or down. I have almost doubled the interest return I earn by paying my Corporation Tax…
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Registering for Self Employment
I need help!! I had a small business in the past which I had since closed a few years ago - I received a government gateway ID and a UTR and everything had run smoothly when it was running. I unregistered as self employed and I was no longer a business for a few years now. I have now started a new business and quickly…
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Multiple SIC codes for property ltd company
It's time to file our ltd company annual confirmation. We've used SIC code 68209 (lettings of own property) as we have an HMO in the company however, the company also purchased a property which it is refurbishing at the moment. Due to market conditions when it's ready, we may either sell property or just let it out. With…
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VOIP to go with
Any recommendations for VOIP service for a small buisness (1 - 2 people)? Ideally there will be cheap calls included (or just cheap tarrif if pay as you go) for making international calls. Many thanks
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Cheap source of 10p or 20p stamps?
I often need to top up the postage on parcels by 10, 20, 30 or 40p (I have a running stock of First Class and First Class Large letter stamps). Can anyone recommend any discount sources for 10p or 20p stamps, in quantities of maybe 100?
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Order placed in 2020....
Hi, I'm hoping someone could offer some advice on a current situation we have on going.. We had orders back in 2020 (just before covid-19 lock downs hit), that had to be postponed by most of the customers, which we agreed with all of the customers whom contacted us to allow them to continue to forfil their orders at a new…
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Free booking system
Can anyone recommend a booking system they use to take online bookings? Looking at something fairly simple for a small business. Would be used to take a card payment with booking (so not sure if there will be any free ones) but worth a shot.
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Accountant Issues - Caroola group
Hi, I have my own limited company which I have just closed. My accountant is meant to be progressing the closure activities but I cannot get any response from them, even though I have chased via email and phone; and posted on their social media. Please advise, Is there some sort of regulator for these types of accountants…
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Business insurance for minor & niche business?
Hi! I am a minor and looking to start a business, the only issue is the insurance, I have contacted about 8 insurance providers one (direct line) said they would insure minors, but they wouldn't insure my niche business. The business is an online shop selling modded consoles e.g 3ds capture cards and better gameboy screens…
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HR Issue - Deduction from Employee Wages
Hi I have a staff member who we are having a bit of an issue with at the moment. Previously when he is on locking up duties, he hasn't correctly performed his duties, one of which is to do a sweep of the property and to make sure all necessary electrics etc have been turned off (lights, fans, heaters, TV's etc). We have…
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Best online banking for sole trader sending/receiving international payments?
I've been self-publishing books via Amazon KDP as a hobby for just over a year and have reached the point where I need to be thinking about registering as a sole trader and moving my banking over to a business banking account. Last year my turnover fell under HMRC's £1k tax-free trading allowance, but turnover is growing…
