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GDPR question
I bank with Mettle, have been with them for the last 12 months. Today I've received notification that they are reviewing my account. They've picked out 4 transactions that they would like more information about. They are incoming payments from other people that have been invoiced. All businesses. They haven't specified…
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Leasing new shop when whole building up for sale
We have a shop on the edge of a small town and have been keeping an eye out for suitable premises in a more central location. We think we’ve found one that suits us and is in a great location for the business, but have just noticed that the landlord has decided to sell the building (retail unit plus 2 flats above). Has…
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Self employed overdraft or loan?
My husband bought a franchise 11 years ago, he borrowed £40k off the bank a couple of £k off parents and we paid the rest ourselves out of my redundancy money. Fast forward 11 years, the debt to family is all paid, he has been “paying” us a monthly amount which has increased steadily but is not a massive amount. I recently…
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Can limited company make pension contributions to a non salaried director
I'm a non salaried director of my spouse's limited company but I'm not a shareholder since I'm am on payroll for a full time job and don't need the extra income for tax liability. Can the limited company make pension contributions to my personal pension as a way of taking income from the business tax efficiently?
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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…
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Closing a limited company with no money
Hi, Would anyone please be able to help me regarding a limited company that was setup about 4 months ago and I need to close it. The reason was that I was planning to setup a restaurant business. At the time I didn't do much research and simply I paid Company Formations to set it up and they did everything for me. However…
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Being asked for a cancellation fee I didn't know about
I contacted a printing business for a quote for some personalised shopping bags. I went back and forth with them on the design and then they asked if I could approve the design, they would then send an invoice and I would have 30 days to pay. They sent over the invoice for 100 bags, however things took a turn for the worst…
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When to register for tax
Hi - both me and my partner have gone it alone in the last year. I lost my job last February and then started on my own (just self employed - not a registered business yet) in August 2022. My partner left her job and went freelance (designer) last July. When should we register for tax and does anyone know first steps…
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Taking card payments in different currencies overseas
Hello! Hopefully someone has some tips on this. I'm a musician in a band. The band is (or very soon will be) a limited company. We're tidying up how we run things. Until now, when we've toured we've used a SumUp reader and APP to take card payments for records and things we sell at shows. Mainly in the UK. We've also…
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Franchise help
I hope this is posted in the right place and thanks in advance for any advice. I am currently considering buying a preschool franchise. I have been looking at the pros and cons of setting up a limited company to buy the franchise, to give some degree of protection. However, the franchisor has told me that even if I do set…
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B&B building and public liability insurance - can't find reasonable quotes
In light of the new Scottish B&B legislation, I am now required to have building and public liability insurance. I have a full time job, so only run the B&B at the weekends over the summer for some extra income. I only made about £4000 last year and insurance quotes are coming out at around £800. That's almost 25% of my…
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Setting up a LTD company - free and easy
Just saw a thread on setting up LTD company's and noticed a lot of people messaging things about how confusing it is or how costly it is. I used these guys to set up mine and it's totes free and took about 5 mins and I had the companies house documents within an hour.…
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Any other business owners noticed a big drop in turnover the last 1-2 months?
I am involved with 3 different UK businesses, each of them is in a totally different industry from hospitality, to car products and online services, and since covid they have had many ups and downs good times and bad and although Jan/Feb are usually quiet, however since Xmas this year all of them have been hit way harder…
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Business energy contract
I agreed a new business energy contract for my gas (due for renewal 01/04/23) , in August 2022. I did this to get a better deal on my electric. Now energy prices have come down a little I can get a much better deal staying with my existing provider. They are telling me that the broker I signed the contract with won't be…
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Another business is buying from us in bulk then selling where we sell.
HiI have a product that I manufacture and sell via website. Some times I get people who have shops who want to sell my product so I sell them in bulk at a discounted rate. The problem is are main income is from google ads shopping and we have sold to another businesses and there selling on google ads which is reducing our…
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Ltd Company - income and related expenses in different c.tax years
Hello everyone, Coming up to corporation tax return time, and with a slightly change of business trading I'm finding that income for quite a few jobs is coming in before the end of one tax year and the related expenses and costs being paid out after - so I'll end up with a large tax bill this year and possibly a loss the…
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Desktop or Laptop for Business
Hello! We have an old (9 years plus!) desktop PC which needs replacing. It got me wondering whether just a laptop would be better for us. We need Microsoft for the forms we use. Most of the work is printing off the training paperwork/invoices, emailing. We store a lot of invoices/certificates on the desktop (also use…
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Courier "lost" high value parcels
I'm reluctant to post too many details here but the salient facts are these: - A national/international courier used by my brother's business picked up a furniture item valued approximately £500. This item was meant for another courier. It was subsequently never recovered and my brother was £500 out of pocket - He was…
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New Charity - proof of income & bank details
Hi -Hope someone can steer me in the right direction. I am looking into setting up a new charity. The GOV.UK guidance asks for proof of income and bank details. On the basis that the charity has not yet started I have neither. Do i need to provide an estimate of income? Thanks
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Business Insurance
Hi, I'm in the process of setting up a business selling inflatable children's toys to UK customers via a website. The toys are manufactured in China. We have had them tested to EN71 Toy Safety Standards, UKCA and CE markings. Been in touch with Trading Standards and all the relevant people who we need to, to ensure we are…
