-
Possible 90 days FREE Adobe Products
Hi guys, Unsure if this is the right place to post this one as I'm new but figured it may help someone out who is a small biz/self-employed and has been affected by COVID. I recently reached out to Adobe as I was struggling to afford the £30p/m for full Adobe creative suite and with me not having much work I didn't really…
-
New business - set up at home or business park
Hi folks, I'd appreciate some advice from others who have been or are in business. I'm a civil servant but have been retraining in counselling/wellness coaching etc and want to open a new business this year if possible. The business is a small wellness centre and will have cryotherapy/flotation units, as well as a…
-
Becoming a Small Business - Missed requirements?
I run a small business under the £1000 threshold but I now want to become a business and self employed. is there anything I need to watch out for? My business is printing only, small purchases with no contracts and if I do get bulk orders, they are outsourced, no copyright infringement in my designs, I don’t keep customers…
-
Should i pay my Rent directly to my Landlord or Withdraw as "Drawings" first - From Business Account
Hi Guys, wasn't too sure about this one, so thought i'd ask on here.I'm not sure whether i should pay my Landlord directly from my Business account or do i need to withdraw the money to my current account (as drawings) first?. As surely paying it straight into his account will show that my Rent is going directly to him. I…
-
Postage : Lowest Cost Ideas please
It’s a bit of a simple query. my tiny hobby business is growing rapidly and I’m not about to become a full business. I now need to start looking into making sure I don’t overspend. my products are 90% of the time sent in C5 card envelopes which I have a great supplier but I want to find a quicker and cheaper option for…
-
Small business help please.
Hi, to cut a very long story short, my husband has had two strokes within the last 8 mths, he has been unable to go back to his very physical job full time, he was doing 3 mornings a week before his second stroke. He has been making things that started off as good rehab, that friends & family then bought & since October it…
-
Self Assessment
Hi. I am registered as self employed and plan to continue as self employed so I need to fill in a self assessment. I am confused about the turnover and trading allowance as I earnt less than £1000. Let's say for example that I earnt £830 and £30 of that was to buy items I am selling. I have no other income and I have no…
-
Self Assessment and VAT
I'm a sole trader of a small business and I'm looking for a forum where I can pose questions on VAT and self assessment. I can't find the answers using the well known search engine. For example: Over a few years I've forgotten to include an expense when collecting figures for my self assessment - what should I do?
-
Ltd company equipment purchase- advice
Hi everyone :) , Long time lurker first time poster here, hopefully it's OK to ask for some advice here. I have recently started a Ltd company as a side business, which I intend to run along side my full time job- hopefully planning to go full time as and when I have built up enough business (but not in a rush). I am the…
-
Should I use my High Street business bank for receiving Euros?
It is possible that the bulk of my income for the next year may be paid in Euros. I have a business account with Barclays that appear to offer an exchange service for free so long is comes to me electronically. However, I'd assume their exchange rate isn't very favourable. I wondered if I should just stick with them for…
-
Non Essential Shop - lockdown closure - which multi-platform ecommerce site is best to use?
Hello I've had to close my small independant card/gift shop due to lockdown. I'm being encourage to set up an online selling site, but I have no idea which of the ecommerce sites are best i.e. ease of use, monthly costs, selling fees etc.. Is anyone able to help shed some light on this for me as I am a complete novice when…
-
Setting up a small business - do I need an accountant or online tools
I retired from the NHS last year. I have set up a part time consultancy and operate as a sole trader. This will bring in a small additional income (approx £15k pa) . I had planned to submit accounts myself using self assessment. Is it worth using an accountant instead? Or a digital tool like Quick books? thank you
-
Employed and self employed - taxes
Hi all, I’m just about to start a new job working full-time with the NHS, but in the last couple of months I decided to buy and sell some goods on eBay, which I’ve made a few hundred. I think I’ve complicated Things for myself as I’m not registered as self employed or anything like that and want to declare it. Do I need to…
-
Fitness studio and council question
Hi My other half runs a fitness studio as a 'sole trader', she rents the studio from a guy who uses it for his martial arts classes business and they basically share the space as it works out they don't use it at the same time. The studio is in a 5 story building with a 'one stop' mini mart on the ground floor, studio on…
-
Amazon holding over £20,000 of funds due to a problem with a £70 sale
I have had a problem with Amazon holding funds. It was caused when a buyer bought something for £69.99. The buyer didn't return the item and so they weren't refunded but they opened an A to Z case. The problem with that order has ow been resolved, they returned the item. I moved all my inventory to Fulfilled by Amazon…
-
Counterclaim Against Landlord Small Claims Court
Hi all, my landlord is trying to sue me, claiming I owe him a small amount of money (I don't, it's malicious). I would like to make a counterclaim for the damage caused to my decorations and property when he left the roof leaking for the best part of a year. He's using money claims online. I can't see an option to make a…
-
Self assessment strange scam
So little back story , recently applied for my utr number ... waited never got it got a bill, and bill demanded pay 100 to hmrc fine . I wasn’t there so partner paid I get back and said what on earth you paying that for I’ve not had a business to get fined a 100 .... so here goes I calm you hmrc and say why am I being…
-
Google has taken £500 & I can't speak to anyone about it
Thank you for taking the time to read this message. I am a freelance photographer & film maker and like thousands of others in all sorts of businesses use Google Ads to drive a bit of traffic to my website.My Google ads account has been illegally accessed (hacked) and used to create unauthorised ad campaigns that has…
-
Looking to buy my employers business, help!
I currently manage a café, and have done for 11 years. The owner is looking to retire, and has offered to sell me the business. I'm very interested, but don't know where to start. Any advice at all would be gratefully received
-
Completely lost choosing a business structure and tax/contribution payments, please help.
Hi,I am currently writing a business plan and I've come to the financial section. I've searched the internet for calculators but I can't find anything fully comprehensive, in other words a simple calculator where you can enter business type, amount of people, income, outgoings, NI contributions etc etc, so that I can see,…
