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50k Income Limited Company
Hi All, I am starting my own limited IT company how maximise my earnings if I have an income of 50k per year. My only monthly expenses are; £20 petrol per month average for petrol as I work from home and just use the car for work meetings.£24 Sim only phone bill £26 use of home allowance£0 Bank is free £50 accountant I…
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Looking to start a new E-commerce craft beer shop for my local area.
Hello all, So this would be the first time i have really looked into doing something like this (And i also hope i am posting this in the right thread) my ideal situation would be to own a brick and mortar community bottle shop selling craft beers from the around the U.K, holding monthly tasting events etc. but before i…
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New Business Insurance
Hi, Hoping someone can help me please.... I'm setting up a new 'Retreat' Business, which I'm hoping to start next year. Briefly, people will pay me and I will then pay the hotel. Included in the price is an overnight stay in a hotel. I rang Direct Line as I have various personal policies with them and they said they were…
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Starting up a new business
I've started selling on ebay, And earning £350 so now need to register for self employed do I open a business as well I'm not sure what to do next?
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Tesco charity roundup
Tescos are doing the charity roundup again which I was OK with but this time its not 10p its up to £1 ! So if you spend £1.01 you could be asked to add 99 p to charity . In the current climate with people struggling I think this is bad timing Tescos !
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Getting Postage cost down
Hi I currently send around 75 letters a week out with my ebay business and am looking for a cheaper way to send them other than buying it through ebay. Is a franking machine the best option? Thanks
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Delivery disclaimer
Dear all, I am in a quandery. I need to purchase some material from a company based in France. They are the only ones that can supply this kind of material. They were previously based in Uk and I had worked with them before with no issues whatsever. I was just about to purchase the material (decorative material for a…
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Forced out of my business premises by co-leaseholder. Landlord says 'nothing to do with me.'
I am a small business owner renting premises in a former town hall. The town hall has three large rooms each with their own separate lease. I hold the lease over one of the rooms whilst another lady holds the lease over the other two rooms - lets call her Mrs P. My room at the back is accessed via a shared corridor and…
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Restructuring business advice/options
MSE has a wealth of knowledge and experience so I thought I would throw this out to the masses for a fresh eye to see. Current situation Family business of 2 residential care homes for adults with learning disabilities. It is a limited company with myself, mum and dad as directors. My mother manages one home (20 years) and…
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Registering for HMRC
I have set myself up my own business . I work in construction and will be working sub contract for others as well as my own work in my new company name . I have been doing this since before lockdown but not making a penny during that time . I need to set myself up and register with HMRC . I will be employing one or two…
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Being the/a UK distributor for a US product?
I want to preface this by saying it's all just an idea at the moment, I have no idea if it will even be viable, let alone if the creator would be interested. Which is why I'm asking for advice. I'm interested in becoming the UK distributor of a niche (but popular) product range in the US. Let's say it's health supplements.…
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Selling business
Hi all, I have a family member selling his retail business and attached accomodation and an offer has been made after some wrangling of 20k under an already reduced asking price. The potential buyer seemed keen and told my family member to instruct a solicitor. Last week he asked for all the valuations that had been done…
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Setting up patio cleaning business advice
Hi all, Just wondering if anyone has set up a patio/power washing cleaning business before and if there is any advice? Many thanks,
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Setting up business ideas/advice
Hi all, I’m new to this so go easy. I have no business experience and was made redundant recently. I’m looking to set up my own business and have been pondering a few ideas recently. Just wondering if there are any thoughts on the following ideas. I’m aware of insurance costs etc but just if there are any other pointers. I…
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The CheaperWaste Haste Bad Taste... - Small business help please :)
Hi Everyone. Apologies if I'm posting in the wrong section.Its been quite some time since I have visited MSE forums and its all very new looking. Since my last visit I have, with the help of a business partner, created a small business in Dorset and we are doing ok, despite everything... Unfortunately, there is one thorn…
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New Ltd company start up - How best to pay owner to benefit mortgage application in future?
As per the title. My partner has started up a Ltd company. Meeting with an accountant in a couple of weeks time for a few pointers and advice as Ltd and VAT registration is all new to us (I'm a non VAT registered Sole Trader so not quite the same) Will be looking to get a mortgage in a couple of years time, once books are…
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Advice on remuneration and tax for partners in a small Ltd company
Good Morning, I’m hoping to get some advice on the best setup for
accounting and remuneration for a Ltd company that I am a partner in. I’m not
expert in accounts so any advice in layman’s terms would be greatly
appreciated! Background * The company is split 3 ways between myself and 2
others each having a 3rd of the…
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Unexpected cash -v- balance sheet
Not sure if we get any accountants on here but worth asking the question... I was wondering if unexpected money appears into your Ltd's bank account how this should be accounted for on the balance sheet. In my noddy mind it will have to sit on the assets side under "cash in the bank" but as its unallocated/unknown why its…
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Cheap or free office furniture for a charity?
Morning all - I work from home for a very small charity, I'm the only employee, the rest are volunteers/ trustees. We badly need a lockable file storage cabinet, preferably metal, and I wondered if there are any companies that donate or charge a small amount for something like this? I've come across a couple but they're a…
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Is this legal? Moving or restarting company abroad.
Hi, I'm really eager to hear everyones feedback regarding a company structure that has been proposed to me. Firstly, a bit of background. My husband and I launched an online eccomerce store 3 years ago via a ltd company. Things are going well and we've experienced good growth and are now generating a meaningful profit, I…
