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Confused re £1000 trading allowance!
I apologise in advance as I am completely new to this and for the fact that the answer to my question is probably completely obvious to most people 😖 I've been selling homemade crafts for just over a year. It basically began as a hobby during the first lockdown but I eventually had so many creations that I started to sell…
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Accountant says doesnt need to sign NDA?
HiI want my accountant to sign a NDA for a food business im running to sign up for VAT, I've send the NDA and they have said "this agreement is not required for VAT registration in UK." Is that true?
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Car insurance- staff running errands
Hello. We are a limited company with no company vehicles. Form time to ime local suppliers have items ready for us which it would be quicker for us to collect than await delivery. What is the position regarding members of staff 'nipping in' on the way to or from work to collect/drop off items? One member of staff asked…
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Struggling to get LTD company bank account
Hi there. I have been sorting out my finances the last few years. Now got a mortgage and debt free apart from that. Iv went Ltd (and VAT registered) but I am struggling to get a decent business account. I have got one with Counting Up (no credit checks i dont think) but theyre extremely limited, online only and very basic.…
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Small claims
Hi I won a small claims case in 2017 ,but have received one payment only ,this was through using The Sherriffs, they then gave up , the individual i sued scammed my son of £1800 even though he knew he had cancer and was using his grans small inheritance to buy printing equipment so he could come off benefits .i would like…
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Sorry deleted (wrong section)
Sorry have deleted as it is in the wrong section
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Business Insurance, Indemnity, Keyman etc advice
Hi there, I run a very small limited company with just me. I provide marketing services and advice to small to medium sized businesses. Someone recently told me about indemnity insurance and keyman insurance. It is a complete minefield to me. Any advice on where to start? Thanks!
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Small Biz & Charities Moneysaving Board - please read for links to important topics
This is the new Small Biz & Charities' MoneySaving Board Sticky where links to current important threads will be kept. MSE Charity: Does your charity want an MSE Charity grant for consumer/finance projects? See if your charity meets the criteria: The MSE Charity. Related: MSE's Charity Fund, How This Site's Financed…
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Commercial Lease - When to pay legal fees
Hi Our commercial property that we currently lease has been sold during the latest lease agreement, and we are now at the point where the lease is due to expire and we are looking to extend it. We met the new landlord and he appears to be ok, however we have been asked to cover his legal costs as part of the new lease…
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Wanting an online payment system
Hi Setting up my own web site where customers can buy stuff online and they can pay for it online to Pay pal fees are 2.9% + 30p. And to do it with someones card into my bank account; my banks I use Lloyds and RBS say that I need a business account and can only be done online and can take up to 4 weeks to process; no good!…
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CRM System
Hi, Just wondering if anyone can recommend a CRM system for a small new business start up? Ideally to capture new enquiries information (name, mobile number, e-mail address etc) and produce basic statistics on a monthly basis - i.e. number of enquiries received etc. Obviously in line with GDPR. Any help would be greatly…
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When to register for self assessment
I read somewhere that you need to register with HMRC within 3 months of starting a new venture, but when I've gone on to the Gov.UK site, the registration process all seems to be talking about people who need to register for filing for tax year 20/21, so now I'm confused, Can I leave it while after next April to register,…
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Virtual office Address
Does any small businesses use a virtual office address for Mail? im not too keen posting my home business address on my website and thought this might be a little safer. I was looking at clydeoffices which seem very reasonable but unsure if it is the way to go. im not expecting much, if any, Mail but I want my website and…
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Converting part of private property into shop and cafe
Hello, Just wondering if anyone knows whether this is possible. We have a building in the garden with electricity and running water, it would need some adapting but could potentially become a small shop selling essentials and local produce, and maybe a cafe with a play area. We live in a small village with one pub and no…
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Credit card machines
Seems like the market is being dominated by a few large companies. So frustrating that I have to hire a terminal and pay fees for each transaction. Plus this PCI compliance fee. I have to upgrade the terminal every 3 years or so and when I say can I keep the old machine they say no, its out of date even though there is…
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I am a small business representative.
Hello everyone! I am a small business representative. Recently commissioned the creation of my website. Everything is going well enough. But I also need good hosting. Please advise how to find it.
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Advice needed, small shareholder, business being sold
Good morning, Asking for advice on behalf of my sister, who is a small shareholder in the company she works for. Role is General Manager and was given 1% back in 2015. The company is being sold for £1.1 million (plus he sum of whatever cash is in the bank) Question being are the obliged to buy her shares too,? She has 1%…
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Correct spreadsheets for Charity Gift aid claims
I have been treasurer of a motorcycling charity since 2013. Annually, I claim gift aid for the charity via GOV.UK. being mean , I do not pay to have microsaft excel on my laptop, so on the advice of the gov.uk website I downloaded and use Libre office and send the spreadsheets, once completed in ODS format. Now the…
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Business account access
Good morning. I am a 50% share holder and a director of a private limited company due to my brothers passing away. I would like to see account statements but I am not a signatory. The partner is not forthcoming with any information. Am I legally entitled to see the statements?
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Where to tick on VAT registration zero rate?
Hi, Im filling out the VAT registeration form and the products I sell are zero rate. But cant find on teh VAT registration form where to tick the rate I should pay. Can anyone let me know, I would call but its Sat.
