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pub business rates backdated
Hi I bought a pub 2.5 years ago, rates were £0, I recently sold the pub as it was not doing well and good old Starmer put wages up and NI, making it impossible to earn a bean. anyway just received a letter from business rates norfolk for £45000.00 per year backdated 2 years when I bought the pub, there is a 50% discount…
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Product liability insurance
Hello, can anyone recommend Product liability insurance for a 16yr old? We've found public liability but need product liability too. Many thanks.
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Outstanding BBL results in persistent voluntary wind up[
In May 2023 I applied to Companies House for voluntary strike-off of my partnership as it had not traded since January 2022 and was completely dormant. The partnership had taken advantage of a perfectly legitimate BBL in 2021 on which we paid interest and principal but realised in 2023 that we couldn't continue to do this…
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HMRC used QR code for payment on account - help!
For the first time, once I got into my government gateway account, I opted to pay my taxes (payment on account) by QR code. I am sure I read that the payment should go through within an hour, but it's been 30 hours and no money has left my bank account. Any advice? Reassurance? How long to wait before I make another…
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HMRC VAT refund BACS delay
Hi All. Just posting this here because I can't find an answer anywhere else. Probably worrying over nothing, but here goes. Have been trading about a year, VAT refunds usually a smooth process. However I submitted this quarter's return on 1st July (evening) and it was approved and sent to my bank account the next day, no…
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Salary sacrifice schemes
Hi. I'm a partner in a small company and one of our staff will be sending a child to nursery next year. I remembered about salary sacrifice schemes so have been reading up on them. Are they worth it? And that's a question as an employer but also for the employee too. Plus I've seen there is now a Groceries scheme. That…
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Buying a business but not the staff
Hi Im buying a business and relocating it, But due to the distance will not be keeping the 3 staff, the owners are going to give them 3 months notice but is that enough i want to make sure it all goes okay and no issues ? Thanks
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How to get help closing a business?
Are there Government information sites to close a small business? A friends nephew has been running a bakery for more than 6 years, at least two years on the building lease rental to go. Unfortunately due to rising costs, trouble with a staff member, not charging what they should, despite being told repeatedly. Probably…
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Looking for online bank for sole trader
Hi I am going to start a new IT business as a sole trader. But I don't want to trade under my own name. I have a different name in mind. However the banks that I have approached (Tide and Starling) insist that the bank details will be in my name. So if a company pays me they will see my name and not the company name. This…
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Retirement in 3 years and I want to start/try something new business or career related wise.
OK, I know this is a long shot, but I have been looking for ideas and suggestions for 18 months now and not come up with very much. I have a small electrical installation business which at it's most busiest had four people working for me and where at the age of 63 I am now slowing up with now just me and some reliable help…
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Final vat return
Sorted now
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Resale of Tickets (Trade Show)
Hi there, I run a VAT registered business and bought 4 tickets to a trade show last year. I ended up selling 2 to another business at face value as I didn't need them and they had sold out. Do I need to charge VAT on the ticket sales? I purchased them for £236 (no VAT) and have sold them for £236, so if I should have added…
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Self Assessment Questions re How to Declare 'Bundles'
I have bought & sold items online and now need to complete a Self Assessment as I am over the £1k trading allowance, and have (inadvertently) become a Sole Trader. I have some questions regarding how to declare 'bundles' please. Eg a Beauty Advent Calendar. Cost £250 from the retailer & contains 24 items. Purchased knowing…
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questions about sending in to HMRC as requested.
So childcare want more proof I work and want to see income and expenses etc. I do have an accountant but childcare want this very quickly and it needs to be all sent in, in next 48 hours so Im doing it myself. I have some simple questions. 1. They want to see my business account statment, each line just says "paypal…
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MPLC licence in a business with no TV, just computers
I run a small business with around 120 employees, I have been contacted by a quite aggressive sales person from the Motion Picture Licensing Company - MPLC - who states that their database indicates that we do not have an MPLC licence and insisting we need one. I have never heard of this organisation but a quick Google…
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Have 3 businesses but childcare want more proof of income now its appeal stage
so we get 30 hours as both parents are working. I have 3 businesses, 2 are company which no money comes out from no PAYE set up. The 3rd is a events businesses. So Im in a pickle, so I do an event and bring in £20k per event and I do two a year, but I keep that in that bank account, I don't put anything in my personal, as…
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Recommendation for book on doing own accounts as a sole trader
I am intending to register as a sole trader shortly, and would welcome any recommendations for a book on how to do my own accounts. The business will be a small sewing based business, run from home, and so I doubt that I will make enough to justify paying someone else to do them.
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Amazon seller Account level reserve, and cash flow problems. Advice needed!
We are going on to the Account level reserve DD+7 ((Delivery date + 7 days)) in September having postponed it for a year. This means that for 3-4 weeks we won't be able to disburse funds from our sales (and therefore won't have a cash flow to pay wages, buy stock, postage and all the other outgoings a small business needs…
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Recommendations for private health insurance for two company directors
Hi all,My business partner and I would like to set up a private health insurance policy for myself, him and his family.I'm single and he's got a wife and three kids. We're both in our 40s.Are there any providers who stand-out from the pack? What kind of features should I be looking at?Thanks in advance for any assistance.…
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Letter before action?
My son is starting a new business, to be honest it's on a shoestring budget. It requires a boat with an outboard engine. He has spent the winter and spring renovating a boat to make it serviceable for the job. Last year he spent a considerable amount of time painting a luxury yacht for the customer of a marine outfitter.…
