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Merging adjacent units
I have 3 adjacent units, which total 6 individual street addresses, trading as a bar. There is only one entrance (with several emergency exits). I receive 3 different business rate bills for the bar. Would I save money by approaching the Valuation Agency and asking for a re-evaluation and a single bill? I don't know…
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16 yr old
Hi, my daughter (aged 16), wants to set up a business. She's needs insurance but you need to be 18 to get it. If I run the business in my name, can she invoice me, and I pay her the profits (I don't want to pay tax on her business)
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Business Investment for a Start Up
Hi Im looking at starting a business up, but would like some investors in with me where. other than crowdfunding is there anywhere i could meet such people of sites ? Thanks
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WIX Alternative for a small online seller.
My 3 year subscription has come to an end with WIX - I bought it on a promo and cost £150 for the 3 years but it now doubled in that time ( including the 50% off ) . I was wondering if anyone can recommend an alternative ... I just use the website to show my stock ( around 20 - 30 musical instruments ) and contact details…
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Starling-like Business bank accounts for two person partnership
Hi folks My wife and I run a little side hustle that we were getting payments for into our joint Starling account (perhaps naively). It turns out this is not allowed, but they don't offer an account we can use because we're not registered as a business, and we both need access (so a sole trader account doesn't cut it).…
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Business to business dispute
Hi All, Sorry if this is in the wrong place but it is my first post, i have a business that has been gong for many years and we are always expanding and trying to streamline our processes. We embarked on a new invoice software so we was recommended a company from a welll known company who unknown to us didn't do the…
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MTD for income tax for VAT registered sole trader
Please can someone shed some light on when my husband needs to start sending digital returns for his income tax. He is self employed and VAT registered, his turnover is around £65K (His VAT is already provided digitally using bridging software). I have regularly looked on Gov.uk and seen that sole traders with income over…
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Mobile phone business contract
Hi Guys, Could you help with some advice please. My Ltd Company is really struggling and I need to reduce my costs massively. I’ve made many people redundant, to survive, and this means that I have a mobile phone business contract of about £3k per month that I cannot pay. (I made 50 people redundant) I don’t want to fold…
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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…
