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Advice re Royal Mail stamp swapout
Last year Royal Mail announced that they would no longer be selling the '1st class signed for' and 'special delivery' stamps. I use the 1st class large letter service for many of my packages (which are also under 100g), and knowing that prices would be going up, I purchased all of the '1st class large letter signed for'…
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Sole-trader is interest on loan from spouse allowable?
Does anyone know if a sole-trader can borrow money from their spouse for the business with the interest paid being an allowable business expense?If a loan is from a bank or even from a friend then the interest paid is allowable as an expense on the accounts but what if that load is from a spouse?
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Business with Councils - Contracts
Having already owned and sold a successful catering business I am looking at something new to start. I'm always horrified of Fly Tipping and have some ideas to help prevent this, working with councils. In theory it would reduce offending by a fairly high margin. I have worked with councils in the past but this is a totally…
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No NI this time?
I’ve slowed down this year and plan on doing even less in 25/26 as I have a pension kicking in at 60 later this year. My turnover is looking likely to be £32kish, expenses around £6k plus I employ my Wife at £7k ( all official so she gets NI credits ) my tax code is 1130 (married allowance). So only £5200 taxable profit.…
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Cheap Alternatives to Royal Mail's PO Box for a small business?
I need a PO box for my business, but the Royal Mail's are £270+ a year. I cannot justify this expense because my business is very small. What would be my best alternatives? Cheers
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Amazon Business Prime Duo.
Hi All, I have long used my personal Amazon Prime account for regular business purchases sent to a number of different client addresses so that I get the benefit of free Prime delivery, which I imagine they hate. The downside of for me is that I need VAT invoices and Amazon makes it as difficult as possible for me to get…
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Shortfalls in payment of invoices from eurozone client
I’ve been underpaid for each and every one of six invoices I
sent to a client 12-18 months ago. I only just noticed this when doing my tax return. The client is based in the eurozone so something must have
gone awry with the € to £ conversion. I billed them in pounds sterling. The client has conceded that TWO of the…
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Employed/Freelance Advice Please.
Hi, I am employed 25 hours p/w by 4 different employers. I really want and need to work more hours and I have been offered a position for a couple of hours a week that would have to be self-employed. Can you help me to figure out whether this would be worth my while and the pros and cons of doing this? Ideally I'd like to…
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Starting a business to help people save money
I live in an area with a lot of elderly people who I'm assuming will not be getting the best value for money in a lot of areas of their lives. I'm planning on starting a small business to help these people and to make a little for myself in return. Ideas that I've had so far are: * Buying a thermal camera so that I can…
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LTD Company Debts
Hi Guy's, I'm looking for some advice on current debt i have with my ltd company. I used to operate through my ltd company as sole director for contracting outside IR35 roles. Things went down hill during covid with bills to pay personal expenses etc. which i had to use any remaining funds within the company to pay for…
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Money Claims - Court Date received, anything I should do/know in advance?
Run a small business, we ordered £1600 of products from a large online retailer last summer. It came in 32 separate boxes, and around 25% of the goods were unusable/completely broken. I'd just had twins so was a little preoccupied. I opened the boxes the day after they were delivered and reported all the damage with…
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Consultancy work and PAYE
HI, I work as an IT Manager and the company i work for is closing down in March and im being made redundant. I will (hopefully) find a new role with a new company and will be on PAYE. My current boss would like me to do some consultancy work for him as well. It will be a few hours a week and i would think i would be…
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Small Business Rates Relief
I previously worked from home and didn't use any room exclusively for business purposes. I therefore didn't pay business rates. I am now renting an office with a rateable value of £10,000. My home is now just a correspondence address (in case I change office in the future). Am I entitled to small business rates relief on…
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Buying a small grocery business and doing some consultancy work
Looking for some advice on structures please. I have
recently (December 24) left my full time job. During January I began exploring
possible leads for consultancy work. A number of these look like they may come
off. I aim to be charging £400/day and aiming to work approximately 0.5 FTE.
However, at the same time a good…
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Local or national number for e-commerce website?
Hi, I run an e-commerce website that targets the whole of the UK. I am now wanting to add a business number to the site. I have the option to pick a local 01 number or a national 03 number. Wanted to get an idea of what people think will look the most professional and fitting for an e-commerce site. I was thinking a…
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Google Sheets Accounts Template
Hi All Does anyone have a google sheets template for small business accounts or know of any free downloads? I am a start up sole trader and will be running my own accounts for the fordt year of business as income and expenses will be low.
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Any business rewards or cashback credit cards without restrictions?
Does anyone know of any reward/cashback business credit card that hasn't got restricted categories of retailers? Capital On Tap card that I got a few months ago restricts payments to financial institutions as it alleges they are not happy to pay for borrowing. These payments are not borrowing but rather paying for genuine…
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Business Rates / Council Tax
I bought a property in Edinburgh in Sept 2022 for Short Term Let use (Air BnB etc). I’ve been paying council tax at the property since this date but have since learnt that other business owners in the complex pay business rates (with small business relief) so have since requested to switch to this. Once this is approved…
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Virtual / P.O. Box address for new business
Hi, I’m starting my own company but I don’t want the address of the business to be my home address. I’m assuming the best option is for a virtual address that you can pay for? Is it basically a mail forwarding address and therefore does it take twice as long for mail to arrive? Can anyone recommend a reputable company and…
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Unexpected debt
Hi, first time posting in Small Biz, thanks for reading. I started work for a company that had a mail order department as well as a bricks and mortar shop, the mail order department would take payments for health tests from customers then have the tests conducted through a third party lab. In 2022 the owner split the…
