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Purchase of an existing business
I'm completely new to this and hoping I could get some advise. My husband and I are looking at purchasing an existing business and do not know where to start. We have been offered the opportunity to purchase the cafe that my husband currently works in. We know it is a profitable business and the owner is willing to sell…
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Yell.com Warning
Hi All. I just wanted to post something to warn other small business and one man bands about Yell.com. We run a small laundry business and were approached by yell.com reference advertising with them. I invited their salesman in and we had a pleasant talk about the business and what we wanted advertising to do for us. In…
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Should I be worried about new partner's business rates dodge scheme?
I am currently looking at taking the lease of a large room in a shop. This will mean going into partnership with the existing longstanding tenant as it is an antiques shop and we propose to take it in turns to run the shop which will mean selling one another's stock through the same till with money going through the same…
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self employed tax relief claim...
Hi all i Am already employed part time and just starting to do some additional work self employed. I have to figure out whether to register as a sole trader or make myself a ltd company, but in the first instance I wanted to know if there is a minimum amount you would have to earn to be able to claim tax relief on…
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Making and Selling for a Charity
Hi I've started selling craft items on Etsy and am giving the profits to a charity I volunteer at. In 6 months I've sold £850 with Etsy costs of about £100, materials and shipping costs of about £200 and I've given £550 to the charity. I trade through my own bank account. This venture has been more sucessful than I…
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Changing banks and ID
I was hoping to change banks shortly as the fees are going up but when I look into what other accounts are available they all seem to want photo ID.Is this now the norm ? Is there a way around it for those of us who don't have any ?........that's right I don't have a current passport and have a paper driving licence. And…
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Getting a bill paid from a deceased estate - solicitor not responsive?
Hi, I thought I would pick the collective MSE brain on this one. I have a small business that is owed c£3500 from a deceased estate. The client died in Nov 2019. I chased this in May for the solicitor to point out he has 12 months to pay it and he will. I chased this two weeks ago and had no response. All the while the…
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How to dispute an invoice and can they take me to court if I do
I'd value some opinions on my current situation, in the full knowledge that I should have done things differently in the first place! I'm a freelance artist who employed a producer at the beginning of the year. I didn't look into him as thoroughly as I should and I took a very subservient attitude from the start. I won't…
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Can the police come if they think or itent?
What I put of Facebook, social media is not illegal. I've put Web dev. I have said I'm in web dev, that's what I'm doing but I'm employing someone and trying to get clients. They may THINK I'm doing the development. In general they think I'm cheating, hoodwinking, doing fraud, misrepresenting etc. They have no proof apart…
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Money Laundering for a crowdfund page?
Hi, this is a really strange one. My friend has a fairly good following on social media and she has recently started a crowdfunding page. It's been going well and nearly hit it's target, but she has been contacted by someone offline that wants to make a substantial donation that would easily pass her target (it's in the…
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setting up online shop
Hi, I want to start a little website selling home/garden and seasonal items. I'm researching it all as I go but I think I should start off selling on FB and Instagram to gain some capital then start a website. Does this sound right and any tips or suggestions from anyone? Thank you
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Bank accounts
I organise a golf society. We have about 70 members and in a normal year organise 7 golf events. We bring in about 10k and pay out about 10k. We're not for profit. We have about 1k at the end of the season. This is a mixture of cash and money in the bank. We have a Santander bank account, it was previously alliance and…
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Property damage - no responsibility?
Dear All, Quick question, I rent a storage unit at a local business park. Recently my property was seriously damaged (due to reckless actions) by the business park management. They say that because there is a sign by the gate saying "property is left at the owner's risk and the estate office isn't liable for any damage…
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Flat Rate Scheme VAT help
I wondered if someone could help clear something up for me. I have just registered for FR VAT and I'm on the 6.5% rate.I sell online and have all my prices set to already be inclusive of VAT If I sell a product for £100 + £10 shipping do I calculate 6.5% of £110? Or do I have to first add 20% to £110 and then take 6.5% of…
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Is business account a legal requirement?
This question is for two reasons, same question though as above - is a business legally required to have a separate account? If it isn't, then why might one choose not do so and instead have a second personal account where you carry out business transactions? This is for myself, to consider for my own business (hopefully…
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Solicitor Recommendation for new Website Cookie & Privacy and Terms & Conditions
Hi, Just wondering if anyone can recommend a Solicitor that doesn't charge the earth for help with new website Cookie & Privacy Policy and Terms and Conditions? I've been quoted £4,350.00 + VAT today which seems quite expensive? Thanks.
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Starting up a new business
Hi, I’m looking for advice on starting a new business. I’m completely new to this and I’m looking for advice on business loans or start up loans? The issue I’ve had is that I have a great business plan which is something that i know will bring a lot income as the service I’m wanting to provide is the only one in my local…
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Small business tax advice
I’ve opened a shop on Etsy. I’m just wondering do I need to be VAT registered and at what income would I need to start paying tax as a self employed business? I have no clue and find the information a mind field.
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Start up loan and credit check
Did anyone get a start up loan and is their credit check the same as for a personal loan which means without credit history you have no chance of getting it?
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Bank account for business partnership
Looking for recommendations of best bank account for a new business partnership (two sole traders working together) - looks like it’s tricky to find one easily. Any advice gratefully received! Thanks.