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Farm buildings change of use
I have inherited some farm buildings mainly built in the 1980s. They are in a rural location on a single lane road so unlikely to be overly attractive to many tenants but I’m starting to think about what to do with them. Letting them individually to small businesses is my current thought. I think I would use an agent and…
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Jury service
Husband has been called up for Jury service we have been told to claim loss of earnings as a self employed person he needs to provide proof of earnings from last tax return the problem being that he has only been self employed since November so have no tax return we are registered as self employed with HMRC and have a UTR…
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Claming a Debt
Good morning, Can someone please advise, I have an ex student who studied at my private college and therefore he had a total payment to make over 3 years (length of course). However, due to the pandemic, he had to return home to NZ and therefore he missed the last year, but with £5k left to pay. Therefore the Terms of the…
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When do I register the new business
Hi, hoping someone can help. I'm employed full time and last year opened an etsy shop for fun and the possibility of additional income. I was below the £1000 hobby threshold for 2019/20 and so didn't register as a small business and am planning to note the total earned in the additional information section when I fill in…
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VAT incorrectly put on an invoice- advice
Hi all, Just been speaking to a friend of mine who has realised that for 6 invoices this year ( first one in April ) he has incorrectly added VAT - I think he did it via one of those online ones and it did it automatically and he forgot to remove it He has asked what he needs to do but I have no idea at all Does he contact…
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Small Business Mail Delay
could I ask any small businesses what they are currently doing with regards to the Royal Mail delays? personally I’ve not seen a postman for nearly 3 weeks now unless it is a tracked parcel but my small business is only sending 1st class standard letters. im dreading incase customers come back saying they haven’t got their…
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Advice with business rates on inherited commercial property
Hi I hope someone can offer some advice. My father passed away two years ago and I am executor for his estate, including a relatively small workshop. He ran a small business there but it went down in the 90s. It had been rented out but the tenant left when my father became poorly in 2012. I have been trying to sell the…
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Can I cancel online renewal on same day as renewal for service?
I had a standing order with a small business that on the date of renewal I sent the following:"Just to confirm that I wish to terminate my membership of ****** at the earliest opportunity. I have concluded that our arrangement is not viable for me." I (my mistake!) noticed monies still leaving my account four months later…
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Small Business Gas & Electricity Discussion Area
This thread is specifically to discuss the Small Business Gas & Electricity section of the Small Business MoneySaving guide. If you want to discuss this section, or suggest any new comparisons for consideration, please click reply.
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Registered for SA in Spet 2020, I assume I dont need to do a retrun this year?
I started up as a self empoyed person last september after setting up a side business alongside my main employment and at the same time registered as Self employed. Am I right in thinking I dont need to do a SA this time round and its next time round I do it? I still need to sort out an accountant for answering the other…
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Tax Return
HI Guys I'm looking for some clarification on a back dated issue For the 2018-2019 tax year I was the director of a limited company. I only received PAYE which was a minimal amount that meant there was no tax or national insurance payments due. I took no dividend payments or had any other forms of income. Am I correct in…
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Hobby doing nails - Is a business needed?
Hi all, Hope this is the correct section for this question. My wife is a co-director of our Ltd company, and takes a monthly salary from it - we both have an accountant complete self assessments for us each year. Recently my wife has gotten into a hobby of doing nail art and would like to do this on other people, not…
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New business grants - peoples opinions
Hi, Hope everyone had a good New Year I would like to ask peoples opinions on business grants, what the choice are and if they would themselves go down this route as I have had some stories that it is a waste of time due to the current climate. Thanks in advance for your answers M
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Brexit question - registering with HMRC for EORI but still under £1000 turnover (+ mortgage pending)
Here's the situation - in March I was put on furlough and I got to spend more time on my creative hobby, on which I ended up started making a little bit of money. I sold some products in the EU and now I want to keep trading with these clients, however I do not have an EORI number, because I have not yet registered with…
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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…
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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…
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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…
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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…
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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…
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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…
