Small biz MoneySaving

Not entirely sure which section to post this in so apologies if its wrong but will try here first. A directory enquiries company phoned my business and asked if they could update the info they have for my company. She then proceeded to read out my personal home address which shocked me as we have been a limited company for…

This thread is specifically to discuss the Small Business Savings Accounts section of the Small Business MoneySaving guide. If you want to discuss this section, or suggest any new accounts for consideration, please click reply.

Over lockdown, I have rediscovered my love for art and have began doing commissions and prints. It's been better than I anticipated, and I'm now booked up for quite a few weeks, which lead me to think about when to start paying taxes on this. I have read that an annual trading allowance of £1000 is allowed, and this does…

Hello All, I need some assistance and hope that you may be able to help me. I am planning on setting up a small online business but can not find any basic information on the following: 1. The manufacturer has provided costs FOB so they will deliver to the port and then require the shipping company to transport these to the…

Hi, I run a design studio via a limited company structure. Earlier in the year, I rented three desks at circa £380/desk + VAT in central London. I now work from a home garden office. Given that I was paying £1,140 for my office space earlier, what is to stop me paying this as an expense to myself in future, given I have…

Hello everyone, Hope your all well? I registered a limited company while living in London 3 months ago, haven't traded yet & its an online company. I've now moved back to Scotland to be closer to family am I right in saying my registered office must be in England/Wales and can be a virtual office provided by the liked of…

Hi all, Apologies if this is daft question, I recently made a load of facemasks for people who wanted them and ended up raising over £1400 for charity. However in order to keep the ball rolling I've now put together a website in order to make the process easier with online shopping, payment etc. All profits are still going…

I have outstanding invoices from a client and it's highlighted that I don't have insurance for consulting work I run through my company. Are there any known insurers that can cover backdated, with potential disputes outstanding? Policybee are getting back to me in a couple of days, but I want to speak to as many as…

I'm registered self employed and arranged to do some work for a small charity back in March. They were keen that I invoice them immediately so the invoice would fall in 2019-20. Now they don't want to do the work and I am happy to cancel the invoice but I have included it in my Self Assessment tax calculations for the…

Hi I am waiting for a straight answer from my accountant and just wanted to see if anyone has a view. I worked through my own limited company for 12 years, I took out a new lease car agreement in my company name in April last year, but decided to give up contracting and secured a permanent role in September last year. to…

I am filling the form of Valuation Authority office for Challenge your valuation. There is following question Smaller proposer? Yes or No What does it mean. I have small business and no employee. Should I select Yes or No?

Hi, Hopefully I have posted this in the right forum, feel free to move it if not. Basically I am looking to start my own online retail business in the next couple of years and my plan was to spend the next year or so investing heavily in stock, whilst still employed so I eventually have enough inventory just to up and…

Hi. A couple of years ago, my neighbours and I set up a company to purchase the freehold to our building. As we have no transactions this year we're filing Dormant accounts. Our share capital is 3 (3 directors with a £1 share) and our net assets are £15,000 (cost of the freehold) but on the Companies House form I get the…

Hello, I have set up a non-profit charity we offer support/information etc and it's really taken off, the only thing we are missing is a bank account in the charities name and the banks are just shutting us down due to credit so I assume, but we have been offered a great amount in donations from large organisations which…

Hi Everyone, I've recently managed to pick up a bit of freelance writing work which is great! I have signed a piece of paper with an agency which states that I will be responsible for my own National Insurance, taxes, pension etc. So now what do I do? I'm guessing that I will have to do a tax return so I'm keeping a record…

MoneySavingExpert.com is to ask the financial regulator to investigate after scores of complaints from sole traders who've been rejected for 'bounce back loans' with challenger bank Starling. Read the full story: MSE to refer Starling bounce back loan complaints to regulator

Hello everyone , I applied to Companies House to close my Ltd Company and received the receipt of form DS01 on 18/02/20 , Meanwhile I am paying my accountant over £80 per month until the company closes and each payment goes to overdrawn at the bank, now its heading to July and have still not heard anything from Companies…

I have a small office building on my property where a book keeping business used to trade. The business is now gone and all the paperwork is left, paperwork that belongs to all the businesses that they used to do books for. I have (after many many MANY hours) organised the paperwork by business and now need to return it to…

Please does anyone know what starling mean by ‘established customers’ who they are giving priority for a BBL please. I started trading last September and opened a personal account with starling on 4th March this year converting it to a business account a few weeks later Someone has told me that if I didn’t have a business…

I was looking for a till system for my shop, and was given the hard sell from Card-Saver (www.card-saver.co.uk) who I already had an account with for our card reader. After about 3 weeks of repeated phone calls (sometimes several a day-can I request them to look at the call record?) I agreed to seeing an online demo and…