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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.
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Small business. Name dispute
I’ve recently opened up a small business on Etsy selling crystals: I also opened up an Instagram with the same name as my Etsy. A lady on Instagram contacted me to say because her Instagram business name started with the same reiki term as my shop starts with (it’s a reiki chakra) but hers does not contain the word…
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Import tax
Hi all, Im struggling to understand what the point of importing items and selling them in the Uk is, if the purpose of import tax is to make sure the prices are fair and inline with EU prices? My grasp of it is if I buy an item, from say China for £5 and want to sell it in the UK for £10, and customs value the item at £10…
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Import tax
Hi all, I think I’ve me a beginners big mistake 😬 I’m looking to start my own business in December and I’m just getting everything ready such as the website etc and bought goods from China. I bought 24 necklaces had them delivered and thought great. They cost £50 and I won’t make much off them and then a few weeks later, I…
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New Business
Firstly, apologies, as these questions have likely been asked previously. I've been developing a cloud-hosted web product and the cost to customers will be £50/month. Initially, I will have only one customer who will start paying in around a fortnight. The costs of hosting are around £44/month, so I will initially generate…
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Just committed to a magazine advertisement, is there protection if paid using credit card
Hello Just committed to feature in a local magazine over 2 years, deposit paid and remaining to be paid in month 3 to 5. I've paid the deposit via BACS but was wondering if I pay the remaining instalments via a personal credit card, whether section 75 would apply - we don't have a credit card in the ltd's name? Just in…
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Can I pay off my personal credit card... using my wife's business card...?
Wondering how the best way to do this is.... over time, my wife managed to clock up my personal credit card (I know... ), to £1500. She's recently been self employed and doing well enough, to now be in a position to help pay this off in one go... however, to make things extra complicated, she is a sole trader, has biz…
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Business rates and approval from the Valuation Office Agency (VOA)
Hi, I have rented a small unit recently. When contacted council for
business rates, they informed me that this unit is partition of bigger unit and
that have been
unofficially partitioned without sanction/appropriate approval from the
Valuation Office Agency (VOA). They advised to apply via the VOA website
for the…
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New Business Website Help Please
Hi, Just wondering if anyone knows what the most cost effective way of writing a Cookie & Privacy Policy is and also a Terms & Conditions for my new website? The company who is designing my new website have advised that it is my responsibility to provide them with this information - which is fine. I'm just not sure who to…
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Business mentoring
I am looking for a business mentor/couch. Does anyone have experience with the free mentoring and if your business idea and all the process is protected if you use the one?
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Setting up a parent and toddler group
I am a registered nurse who has had to retire early due to health problems. My daughter who is now 12 went to a parent and toddler group from being 18months old. She was then childminder by the leader of the group (who was a registered childminder until she was 10 years old. Due to personal problems my childminder had to…
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start up loan through New Enterprise Allowance scheme
Hi, Are there any problems with getting a Start up loan for a business that has been registered couple of years earlier to only protect the name and has never started trading?
