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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…
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How to value shares issued in new limited company taking over sole trading business
We are converting a sole trading business of 10 years standing into a limited company. We shall issue shares to ourselves to the value of the sole trading company. Most items I am able to value using standard recognised procedures however I have trained up a number of freelance workers who are of considerable value to the…
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Publishing agent for a new book
Hi. We are currently developing a new book that we would like to be published. Our idea is coming together but we are unsure where to look or who to trust when it comes to publishing. Just wondered if anyone here has had any success or failures which could help us get the best from our first published venture Thank you Tony
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Importing Craft products from China like Sewing Buttons, Cotton Tassels, etc. EU REACH Laws
Hi, I have read up a lot about the REACH Regulations for importing goods from outside the EU, but I don't really understand them. Does a finished article have less than 0.1% of the restricted chemical in it for it to REACH compliant if you import more than 1 tonnes of goods into the UK each Year or even if you important…
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starting a business and apply for funding
I have an Idea for a community based project and want to obtain funding to get it going. I have created a module for it and I've done some research and contacted my local council regarding funding, (advised I would need to register as a charity or non profit organisation). but its all a little confusing. can anyone please…
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Free payroll software for Mac?
My husband has had real problems finding a way of managing our business’s payroll on a Mac, the HMRCs software only allows him to input new data. Can anyone recommend any inexpensive software that can help him to do this? Thanks.
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Online Raffle for Charity
I'm looking to do a raffle online where over 21 days there will be a prize drawn each day to raise money for charity. I've seen a couple of posts although these are from 2009 about not being able to do this legally due to gambling laws. Is this correct? I was hoping to do this online so that I can capture a greater…
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Small business start up loans
hi, i'm after some advice, my partner and i run a small pick and mix business, we currently rent a small Kitchen area and have a shelve to sell our sweet boxes on in a shop in town. we do home deliveries, and offer a custom box's and gift jars, with over 40 different sweets in stock. we would love to have our own shop and…
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Delays opening HSBC business account
Hello everyone Is anyone else experiencing delays opening a HSBC business account? Am only asking for an account and whatever credit they'll give me ie a credit card or overdraft. No BBL as a new small business. Application confirmed through fraud checks on 7 July. They advised need to do credit check again as previous…
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software for small business
My husband has his own small ltd business and I do the bookkeeping using Sage Instant accounts. I hate sage, and am looking for another software to make my life easier. I was looking at Bokio, but It still seems hard. Our accountant said about keeping spreadsheets. Our business invoices for services, so looking at a simple…
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Issues with my business and the bank
Has anybody else had a similar situation. On our property portfolio we now only owe £365,931.00 to the bank for loans taken out to buy properties. These properties are now worth £1,030,000.00 and that is the lowest valuations. We have asked them to release 1 property that is part of the portfolio as part of a divorce…
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Card Merchant fees
I find there whole merchant card world very difficult to navigate as they make it very confusing with card fees (0.4%)/transactions fees (1p) /pci fees(£5)/termianl rental fees (£20pcm). who is the cheapest for a shop turning over say, 150k with an average spend of £15. I think most people (90%) pay with a debit card and I…
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Bounce Back Loan Extension?
Does anyone know whether the bounce back loan scheme is likely to be extended beyond the current deadline of 4th November? I've just had a mortgage offer but Covid-19 put my house move back to January so I don't want to take out the loan before then as I don't want it to jeopardise my mortgage offer. I'm not desperate to…
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Sole Trader Business / Personal Vehicle, Sub Personal Allowance, Non-VAT - Any Incentives?
Hi all Well, my 20 year old car is about to meet its end, it’s served me well! I’m a self employed sole trader, not VAT registered, and rarely make a profit over the personal allowance threshold. I’m looking at a replacement for my car that will be useful for me in business and personally. I would say the split in usage is…
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Company refusing to refund fee for trade show stand which is now a "digital event"
MOVED FROM CONSUMER RIGHTS BOARD: Back in Jan my micro business paid £2750 + VAT for a stand at a trade show due to take place 1st April. the terms were clearly laid out as a 3x2m stand, fasica board and so on, along with a handful of extras. Unsurprisingly, the show was postponed (to Sept). They have now stated that they…
