Small biz MoneySaving

Hello, My partner and his son have bought a butchers business and would like to take on the limited company name as it goes with the street name. How much should it cost to buy from the old owner? Thanks.

I want to send a parcel to my daughter in Portugal and it contains some jewellery, which is hers but she wants to sell it, and there are several items and other things e.g she forgot to take her toothbrush charger. Will I or she have to pay tax on any of this - the guidance on gov.uk doesn't really help

Hi all, Forgive the beginner nature of my knowledge on this. Last year during the first UK lockdown I set up a "business" - it is a website selling posters that I hand draw. I have a full-time job alongside this which is PAYE. Since then, I've sold £10,000 worth of products and it is ticking along nicely. I am wondering at…

Hello, we have been asked, by the landlord, to provide a current EICR for our business premises. We have been there almost 12 years and have never been asked for this before. On reading the lease agreement, I can't see any reference to it. Do most tenants arrange & pay for this or do their landlords? Thanks for any replies.

Hi all, Having been hit, like many many others, with the impact of the Coranavirus, my wife and I have decided to take the plunge and start a business. My wife is already a translator and quite successful being fluent in 7 languages! And so it would seem to make sense to see if we can expand on that and create our own…

Good morning all I'm currently trying to build up an accountancy practice and have recently brought in a new client as their current accountant is retiring (who is local to me). I just wondered how might be best to approach the retiring accountant to see if there are more clients that may need an accountant moving…

Husband has been called up for Jury service we have been told to claim loss of earnings as a self employed person he needs to provide proof of earnings from last tax return the problem being that he has only been self employed since November so have no tax return we are registered as self employed with HMRC and have a UTR…

Good morning, Can someone please advise, I have an ex student who studied at my private college and therefore he had a total payment to make over 3 years (length of course). However, due to the pandemic, he had to return home to NZ and therefore he missed the last year, but with £5k left to pay. Therefore the Terms of the…

Hello, I am seeking some advice for my daughter. She will soon be a qualified dog groomer and wants to set up her business and work from home. Permission has been granted as we will have a purpose built summer house to work from. As this is a start up and she will be 20 when qualified what business grants could she apply…

Hi all, Just been speaking to a friend of mine who has realised that for 6 invoices this year ( first one in April ) he has incorrectly added VAT - I think he did it via one of those online ones and it did it automatically and he forgot to remove it He has asked what he needs to do but I have no idea at all Does he contact…

Hi, hoping someone can help. I'm employed full time and last year opened an etsy shop for fun and the possibility of additional income. I was below the £1000 hobby threshold for 2019/20 and so didn't register as a small business and am planning to note the total earned in the additional information section when I fill in…

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…

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…

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…

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…

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

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…

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…

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…

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…