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New Business
Morning all, I’m hoping to get some advice. I’m starting a new business in the next 2 months. I’m expecting this to bring in approx £1,000 per month, with the payments being made through PayPal. Alongside this I have a full time job, which pays approximately £40,000 per annum. My biggest question at the moment is around…
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Postage Outside UK
I wonder if I could get a bit of guidance... I sell a lot of cards and prints in the UK. Commonly it is 1-2 in an order so very thin and light weight posting. recently I’ve had quite a few non-UK orders, specifically Germany. looking up Royal Mail info online, it claims standard and economy is between 5-7 days and on my…
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Complicated Ebay/Paypal Business Question
Socan you delete this thnks
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Is there any high street bank opening any new business accounts?
For the last month I keep trying to open a new business account. I don`t want to go for internet only banks, so I will exclude those. I have personal accounts with 3 different banks and 2 of them are not opening new accounts at the moment. 3rd one, RBS, told me they can`t open a business account for me because my business…
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Same Sole Trader Business Name
Hi, In January I'm due to become self employed as a sole trader. I've been offered the chance to use the same business name that my friend previously used for his own sole trader business. He no longer actively runs the business now, so I would be taking the name (and hopefully reputation). I would register the same…
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Partial payment
My husband is a self-employed painter and decorator (14yrs in the trade) He has finished a job and invoiced the customer. She sent partial payment and said that he will get the remainder when he comes back to do additional work that she wants done. We have politely asked for payment in full but she has refused. We live in…
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Do I need to keep record of sales invoices with on Flat Rate Scheme for Ltd Company
Hi, I'm not long become a limited company and am on the flat rate scheme which I now longer need to keep vat invoices I believe (only need to give a vat invoice to any customer that asks for one), am I right with what I'm saying here and would I need sales invoices for showing detailed customer sales for the corporation…
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Need Accountant - Will HMRC investigate me if my drawings increase significantly?
I own a small business but I've been up a substantial capital reserve of around £90,000 by simply not withdrawing all of my profits each year for a long time. When I started the business, I borrowed some money from a family to get started. £50,000 to be exact. It was a long term, interest free loan with no repayments.…
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Changing Company Address??
Hi, Currently my registered address is with my accountant they are also scanning and sending all letter to my email. I've been trying to create a seller account with Amazon and its been a nightmare, because they require a utility bill matching my registered office address and trading address. I want to change my registered…
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Best way to send money abroad for business.
So the situation.I am buying something for my business from abroad. The person I am buying from abroad is a Sole Trader lets say Mr John Smith trading for example as ABC Holdings.He runs his business finance from his personal bank account. The invoices will be in his Trading name.Which platform am I best using (Eg. Azimo,…
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How to find a reputable E-commerce Accountant
I run a small business through eBay and currently use a very traditional accountant. He is my father’s accountant of many years and is very reputable. However, he does not seem familiar with e-commerce businesses and small problems are occurring (eg. He will not use my PayPal statements because it is unfamiliar to him). I…
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Purchase of an existing business
I'm completely new to this and hoping I could get some advise. My husband and I are looking at purchasing an existing business and do not know where to start. We have been offered the opportunity to purchase the cafe that my husband currently works in. We know it is a profitable business and the owner is willing to sell…
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Yell.com Warning
Hi All. I just wanted to post something to warn other small business and one man bands about Yell.com. We run a small laundry business and were approached by yell.com reference advertising with them. I invited their salesman in and we had a pleasant talk about the business and what we wanted advertising to do for us. In…
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Should I be worried about new partner's business rates dodge scheme?
I am currently looking at taking the lease of a large room in a shop. This will mean going into partnership with the existing longstanding tenant as it is an antiques shop and we propose to take it in turns to run the shop which will mean selling one another's stock through the same till with money going through the same…
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self employed tax relief claim...
Hi all i Am already employed part time and just starting to do some additional work self employed. I have to figure out whether to register as a sole trader or make myself a ltd company, but in the first instance I wanted to know if there is a minimum amount you would have to earn to be able to claim tax relief on…
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Making and Selling for a Charity
Hi I've started selling craft items on Etsy and am giving the profits to a charity I volunteer at. In 6 months I've sold £850 with Etsy costs of about £100, materials and shipping costs of about £200 and I've given £550 to the charity. I trade through my own bank account. This venture has been more sucessful than I…
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Changing banks and ID
I was hoping to change banks shortly as the fees are going up but when I look into what other accounts are available they all seem to want photo ID.Is this now the norm ? Is there a way around it for those of us who don't have any ?........that's right I don't have a current passport and have a paper driving licence. And…
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Getting a bill paid from a deceased estate - solicitor not responsive?
Hi, I thought I would pick the collective MSE brain on this one. I have a small business that is owed c£3500 from a deceased estate. The client died in Nov 2019. I chased this in May for the solicitor to point out he has 12 months to pay it and he will. I chased this two weeks ago and had no response. All the while the…
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How to dispute an invoice and can they take me to court if I do
I'd value some opinions on my current situation, in the full knowledge that I should have done things differently in the first place! I'm a freelance artist who employed a producer at the beginning of the year. I didn't look into him as thoroughly as I should and I took a very subservient attitude from the start. I won't…
