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Cheapest/best shipping solution for new ecommerce business?
My husband
and I are planning to start a fitness equipment and accessories retailer (Miller
Fitness Equipment), and sell across UK mainly, and possibly Europe/US. Some items
will be sold via a drop-shipping service from suppliers we’ve contacted (mainly
the really big items), but for small to medium size products, we plan…
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Classified as Major Business for leccy
Hi - this could be one of those that no one has come across. We're trying to get quotes for a new electricity contract for our business and everyone we speak to is unable to quote because we are classified as a Major Business. We have a 3 phase supply to our small campsite on a half hourly meter (those metering and data…
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Best way to do accounts and payroll for a very small community-interest company
Can anyone recommend the best approach for doing the financial administration of a new community-interest company? I've just completed my first year 2022-2023 and at the start I thought I'd do it all myself initially. Then I found that just the payroll to pay myself a salary required more learning than I had time for,…
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Paypal account under a different name
HiI have multi businesses. So to keep things simple I use one paypal which is mine to sell a food manufacturing product. An use my girlfreinds paypal to collect money for items (computerware shop). But its title is Nails and Hair as I forgot to change it to Hardware. I can only have 1 account and my gf can only have 1…
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Self assessment
Hello. I wanted to clarify. I have always been paye. However due to my earnings I have always been asked to complete a self assessment. Due to loss of employment my earnings for 2022/2023 will be considerably below £100,000. I’ve completed the HMRC online form and it says I do not have to complete a self assessment but it…
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Does an LLP Need a PSC?
Hi Just wondering if an LLP needs to have a person of significant control or can all three people have equal rights? TIA
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HMRC and sub-contracting
Just getting things straight with regards to doing 1st year’s accounts. Husband went self employed as a gas engineer last October, he’s been getting lots of sub contracting work and if repair work is needed, he buys the parts up front, so they go through the business account / freeagent accounting software as expenses. He…
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Business Savings Rates
I'm new to this game and wanted to move some money out of my Business Account into a seperate Business Savings Account. The interest rates are shocking! Am I missing something or are we stuck with low savings rates for the near future.
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Sister and I plan to start an online craft store. Questions on starting, tax, and registration...
At the moment we have not made any money from the business but have spent our own money on a website domain, a logo and a workspace for us to share buisness related things and a CRM system. * When do we register with HMRC? now or when we make money? * What do we do about taxes? * At the moment, there's just me & my sister…
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Inclusion of expenses prior to 1st year of self assessment
In first year of business I spent money setting up before 5th
April but did not trade (get income) until after 5th April so my
first self assessment covers year after 5th April. Can I include outgoings
spent (invoiced) before 5th April as legitimate expenses and if so, how best to
do it? Could I include it as a loss…
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First year trading
I employ a labour-only sub contractor, and a year ago his accountant suggested he form a limited company and register for VAT. Neither of these things really affect me, I simply deduct 20% tax from his earnings, send this to HMRC, but now pay VAT on his weekly invoice, which I didn’t previously. He is under the impression…
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Trading / Export to Israel - VAT?
Hello all, My business is VAT registered in Wales,UK, although a company that is based in Israel is looking to place a purchase order with us for goods we sell that are manufactured in the UK. My question is should I charge VAT on the invoice and if so at what rate? HS Code for goods: 8536901000 Incoterms will be Ex Works…
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Small Business Conflict Resolution
Hi Everyone, Not sure if anyone here can offer and advice/opinion but if so I’d be really grateful. I’ll try and keep as much to the point as possible. About 18 months ago my friend and I set up a small retail business, selling via our website, over social media and at local events. During this time I decided to increase…
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Online selling - inform HMRC for a one off deal ?
A friend is closing his toy shop and offered me old the stock at half cost . I was thinking of buying the items on behalf of a family member who is currently not working ( housewife ) for her to sell on ebay / facebook but not too sure of the tax implications - I have read you are allowed to sell upto £1000 without…
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LTD Co. VS Sole Trader and Registering for VAT?
Hi gang, I've done some searching on the forum (and elsewhere on this) and found various answers but none that feel particularly definitive - specifically for my situation so would really appreciate any input here. Nutshell: having been made redundant at the start of the year, I've started doing some freelance work as I…
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Former Tenant not collecting belongings, what are my/their rights
Not sure if this is the right section for this question, but looks the most relevant I could see. We had a tenant at our business premises for a couple of years, mostly a good relationship but they got a bit useless towards the end. Not communicating, not turning up etc. Not the end of the world, had a mutually agreed…
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Google Merchant Centre Help
Hi Guys & Gals, I am hoping you can help. I need to speak to someone at Google Merchant Centre as I have had my google account suspended due to a small error. I know that they are unlikely to help but I am struggling to find out who runs the Google Merchant Centre or Google Tech Support. All I can find is automated email…
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Been running cafe with A1 licence
Relative of mine took on a lease early last year, was previously operating as a cafe, and he's carried this on for the last year or so Someone from the council visited today to inform him that the property only has A1 licence, it had a temporary use A3 licence for 3 years which ran out the month before he took the lease.…
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Is a limited company the way to go if mixing an existing job with self employment?
I have a full time
job and earn 41k per year working for the council on PAYE. I live in Scotland, so currently
pay 21% tax. I am very close to the next tax band, which is set at
£43,663, thus meaning I would pay 42% tax on earnings above this. I also run a B&B,
which my ex partner ran last year (she was not working in any…
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Being refuse PL insurance
I applied for PL insurance on Saturday online putting Monday as my start date it wasn’t an urgent date just need it to start soon. I heard nothing so tried to call the company and they were closed till Monday. I was busy Monday morning when they called asking for information about my DRO and was told if I couldn’t give…
