-
Starting a business to help people save money
I live in an area with a lot of elderly people who I'm assuming will not be getting the best value for money in a lot of areas of their lives. I'm planning on starting a small business to help these people and to make a little for myself in return. Ideas that I've had so far are: * Buying a thermal camera so that I can…
-
LTD Company Debts
Hi Guy's, I'm looking for some advice on current debt i have with my ltd company. I used to operate through my ltd company as sole director for contracting outside IR35 roles. Things went down hill during covid with bills to pay personal expenses etc. which i had to use any remaining funds within the company to pay for…
-
Money Claims - Court Date received, anything I should do/know in advance?
Run a small business, we ordered £1600 of products from a large online retailer last summer. It came in 32 separate boxes, and around 25% of the goods were unusable/completely broken. I'd just had twins so was a little preoccupied. I opened the boxes the day after they were delivered and reported all the damage with…
-
Consultancy work and PAYE
HI, I work as an IT Manager and the company i work for is closing down in March and im being made redundant. I will (hopefully) find a new role with a new company and will be on PAYE. My current boss would like me to do some consultancy work for him as well. It will be a few hours a week and i would think i would be…
-
Small Business Rates Relief
I previously worked from home and didn't use any room exclusively for business purposes. I therefore didn't pay business rates. I am now renting an office with a rateable value of £10,000. My home is now just a correspondence address (in case I change office in the future). Am I entitled to small business rates relief on…
-
Buying a small grocery business and doing some consultancy work
Looking for some advice on structures please. I have
recently (December 24) left my full time job. During January I began exploring
possible leads for consultancy work. A number of these look like they may come
off. I aim to be charging £400/day and aiming to work approximately 0.5 FTE.
However, at the same time a good…
-
Local or national number for e-commerce website?
Hi, I run an e-commerce website that targets the whole of the UK. I am now wanting to add a business number to the site. I have the option to pick a local 01 number or a national 03 number. Wanted to get an idea of what people think will look the most professional and fitting for an e-commerce site. I was thinking a…
-
Google Sheets Accounts Template
Hi All Does anyone have a google sheets template for small business accounts or know of any free downloads? I am a start up sole trader and will be running my own accounts for the fordt year of business as income and expenses will be low.
-
Any business rewards or cashback credit cards without restrictions?
Does anyone know of any reward/cashback business credit card that hasn't got restricted categories of retailers? Capital On Tap card that I got a few months ago restricts payments to financial institutions as it alleges they are not happy to pay for borrowing. These payments are not borrowing but rather paying for genuine…
-
Business Rates / Council Tax
I bought a property in Edinburgh in Sept 2022 for Short Term Let use (Air BnB etc). I’ve been paying council tax at the property since this date but have since learnt that other business owners in the complex pay business rates (with small business relief) so have since requested to switch to this. Once this is approved…
-
Virtual / P.O. Box address for new business
Hi, I’m starting my own company but I don’t want the address of the business to be my home address. I’m assuming the best option is for a virtual address that you can pay for? Is it basically a mail forwarding address and therefore does it take twice as long for mail to arrive? Can anyone recommend a reputable company and…
-
Unexpected debt
Hi, first time posting in Small Biz, thanks for reading. I started work for a company that had a mail order department as well as a bricks and mortar shop, the mail order department would take payments for health tests from customers then have the tests conducted through a third party lab. In 2022 the owner split the…
-
Software - making tax digital
I need software to facilitate a vat return, very few monthly transactions, less than 10, maybe less than 5. Can anyone recommend something free or really cheap. I was just going to do an excel spreadsheet but need to be able to submit it, so need software.
-
Booked a stall, got cancelled, refusing refund.
Hi, I had no idea where to put this but I'm hoping someone can help me figure out where I stand. I booked and paid in full to have a craft stall at a local event, it's a large event usually over 5k visitors. The event was cancelled due to the recent storm. The event organisers have refused to refund the stall holders. The…
-
New NI limits/ allowance
I know I’ll be able to use the Employment allowance to mitigate NI come April - I have one employee earning £6960, so well within the new £10k allowance. My query is whether I have to pay the NI then claim it back or whether the hmrc basic paye tool does the calculation monthly so there will be nothing to pay from the…
-
Being billed by a small business & not sure what I'm being asked
Hi, I do apologise if this isn't the right place for this question, but I'm not sure exactly wha the situation falls under......basically, I'm starting with a coach this year and we agreed a rate per hour. They've just said that, as they're VAT registered, they want to find a way round so that I don't pay more than we…
-
Closing Limited company down with a bounce back loan?
Hello Is it possible to close a limited company down with an outstanding bounce back loan of approx. £7000. If so are there any repercussions on the director personally? Many thanks
-
moving a business
If you have had a business for sale and decide to opt out and start a new lease at another premises doing the same business will that void any deal done with a broker??
-
Sole trader, earned extra 10k, who should I see for advice?
Hello all. I've been lucky enough to earn almost 10k last year as a sole trader in addition to my full time role where I am a basic rate tax payer. Please can I ask who should I speak to for some advice regarding mitigating the tax that I will have to pay?
-
Sole Trader and Higher Rate Tax Payer
Hi. My 16 Yr old son is very entrepreneurial which I want encourage. He's keen to set up a business drop shipping. As he is under 18 I believe this will have to be in my name and I want to make sure we do everything right. I understand that I will have to register as a sole trader with HMRC if revenue exceeds £1,000.…
