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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…
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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…
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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?
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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…
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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…
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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…
