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What VAT scheme to use when reselling clothes?
Hello all, this is my first post so please be gentle :) I have a business where I buy branded clothes and resell them for a profit, sometimes I buy from the manufacture direct so I could claim the VAT back on them, however sometimes I buy from other sellers who aren't a business, so for those purchases I will not be able…
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Giving Customers Credit
Hi We manufacture windows some of our bigger customers now require 30 days credit this is usually the way in in our industry but to save our business waiting 30 days as we are quite new is there a insurance back or credit facility that give you the money?
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Wix & Website hosting
Hi, I have built my website using Wix, bought the domain & pay them for hosting it. But is there a cheaper alternative for someone who isnt that technical! many thanks
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Business Rates on second property
Does anyone know if I can claim business rates relief on a commercial property as a sole trader, when I am claiming business rates relief on another property as a director of a ltd company? My partner and I own a commercial property which we rent to our Ltd company as a business office (we had to do this as insurers won’t…
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Registering as Sole/trader reducing tax
I'm in receipt of state and work pension and over personal allowance. My partner is in receipt of work pension below personal allowance. I've recently started buying raw materials and making finished products to sell to friends etc. My partner receives the sale income currently less than £1000 a year but transfers that…
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Advice needed regarding setting up side job as a sole trader + paying a friend for consultancy work
Hi all, I'm a software developer earning around £40k in my full time employment. I make some money on the side making websites every now and again, but never over £1000 a year. I've recently taken on a larger project (for company 'X') which looks like it's going to be paying around £8k over 2 months or so, with potential…
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Business electricity comparison site
Our business electricity contract is up on 1st April and we are looking to do a price comparison to find the best price. British Gas are trying to put our price up from 19p per kwh to 40p per kwh.
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Some advice please. Small court claim rejected
I have started an action through the small courts claim process against an agent I have worked through in the past. My claim is for non reimbursement of expenses I incurred whilst under contract but they rejected my claim. They have said:If you continue to pursue the claim we intend to vigorously defend this matter to a…
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Best way of getting a document to the US?
Not sure if this is the right forum, but... I have to get a doc to the US asap next week. A single sheet of A4. I normally use parcel2go or parcelmonkey but they focus on larger items and entering the the size of an A4 hardbacked envelope confuses their system. Is there some place I'm missing when I search? Beside the Post…
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Making tax digital where to start?
Hi! I'm hoping for some help and advice please.... We are a tiny business (picture framers) two of us in a partnership, not a limited company. Our business is very basic, materials in, manufacture, finished product out. We have no empolyees and don't import/export. We receive around 20 invoices a month and submit around 6.…
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Sole trader / partial partnership?
Husband is going self employed as a gas/heating engineer, he used to work with someone also gas qualified and thinking of also going it alone, they live in different counties, he has a lot of contacts and has suggested they work together. Most jobs, like boiler repairs and servicing will be done (and will be paid )…
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Loss of earnings
Afternoon.... I recently started a new therapy business and took out a 3 month agreement with a small business centre for a room one day per week. I have very specific needs for my room and the agreement is for the same room each week. Today, I had clients booked in but when I turned up the room was in use by someone else.…
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Contract for event, could they cancel contract?
Hi,Im usually put on a show each year and they have asked for more money, this place is called A, I usually sign the contract and pay a deposit. Now I want to put a show on at another location called B, its in same area. Could the other show (A) cancel the contract or back out of it once its been signed if they dont like…
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Valuation Office challenge office space vs kitchen space
Hi, We rent an office with approx 50sq m and the V.O. charges us £415 per sq m. This hasn't been updated since 2017, but I want to turn 10 sq m of the space in to a kitchen area (just fridge, electric hob, table and cupboards etc) for the staff. I believe the kitchen area would be charged at a much lower rate than the…
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Ltd company start up expenses
Hi guys. I have put a significant amount of money in to starting up a Ltd company. However, over the course of the last year my health has been pretty poor as well as illness within my immediate family. I am thinking of winding down the business at it hasnt got going yet. I have been paying out circa £600pm and bought…
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Landing Page for Online Payments - fees?
Hi, I was wondering if anyone could recommend a good payment method for online payments via a landing page - with very competitive (small) fees?
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sending rolls of fabric
Hello So i want to send rolls of fabric by courier. Length 140, varying height and width depending on quantity of fabric on a roll, but lets say 10cm diameter for now. Max 5kg. it seems most couriers have a length limit - for adhoc customers at least. Can anyone advise who tthey use for such an item? Many thanks
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Workplace pension fees
Hi everybody - 1st post !! I have my own small sole trader business, and I am putting my husband on the payroll ( my only employee ) Thinking about a workplace pension for him, and the cheapest way for both of us to avoid any extra fees. Is there a best overall workplace pension provider that has low fees for both employee…
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Selling excess stock wholesale
I have imported stock in the beauty market from the US, before the downturn in the economy and unfortunately have so far only sold half of it. I need to sell the excess stock in bulk, for cash flow purposes. Where is the best place to do this?
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Money Moral Dilemma: Do I need to keep chasing someone I owe £1,000 to?
This week's MoneySaver who wants advice asks... I'm self-employed, and when I have too much work on, I subcontract it. Several months ago, I subcontracted £1,000 of work to a supplier I've been using for years. A month later, when I requested an invoice so I could pay up, I was told it'd be sent as soon as possible.…
