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Social Media - Help!
Hi All, I'm hoping some social media savvies will be able to assist. (there doesn't seem any way to specifically search this forum anymore so apologies if it's discussed here already!) I need to set up some business social media accounts. However, in order to be able to 'switch' accounts, Meta (thats Facebook, Instagram,…
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Setting up as a sole trader
Hi, I am currently employed full time but have also just started a new business working evenings and weekends as a sports coach. I am looking for various advice on the below questions to get my business as a sole trader set up properly. At the moment I'm unsure how this new business venture is going to go re income etc. 1…
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Second Self Employed Income already Self Employed
I've been self employed for the past 6-7 years and for the 23/24 tax year I started doing survey/research tasks as a side hustle along with my main self employed job. I know if I wasn't already self employed I would have to register and declare what I make, but seeing as I am already self employed I'm unsure where to enter…
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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…
