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Will switch business account affect my future mortgage?
Hello, please give me advice. I’m not British, so sorry if I cannot explain well. My background and situation. I live with the VISA, Indefinite leave to remain in the UK. I bought a flat 4 years ago, and I remortgaged 2 years ago. I set up my small business (limited) a year ago. My personal account, mortgage, business…
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Freelance work and not being paid
Hi, I'm relatively new to the freelance world and have hit a problem.......not being paid!! I have completed some work for a company (Ltd company) for a total of £120. I submitted my invoice the day later and asked for confirmation that they received it and got no reply. I waited a few days and sent another email and again…
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Need a new business account
I'm looking for a business account for the block of 4 flats I live in. Very simple usage just for the maintenance etc money for the small Company which we are all part of which owns the freehold of our flats. Our experience of HSBC has not been very good so we want to change and I wonder if anyone has any recommendations?…
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Starling Bank - Business Accounts
Anyone have experience of Starling Bank and specifically their Business Accounts? Looking for a new business (sole trader current account) and tempted by their offering. I understand that they do not have branches etc. and cash needs to go through the Post Office etc. I am happy with no branches as my personal current…
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New Business Ideas for £400K Budget
Hello MSE friends, So I find myself in a rather peculiar position where I have the opportunity to start a business with a capital of ~£400K. I am tech-savvy in my early 30s, midlands based, love gaming, good food and have a background in healthcare. I have been trying to explore various business ideas and I would welcome…
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Insurance for small online pet product business?
Hi all, In the very early stages of a new start up. Will be buying pet products from manufacturers and wholesalers and selling them online on eBay to start with. These products to start with will be mainly things like dog harnesses and leads and beds, maybe some toys. Generally a wide range of accessories for mostly dogs…
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Goodwill gesture/compensation for a client
Hi, we run our own LTD company and realised that we made a mistake on a client's order. The client is a regular client so it makes sense to send them a gift card of some sort. Just wondering if the cost of the gift card is an allowable expense for corporation tax or is it treated as entertainment? Many thanks
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Burger van/ food vans for events
Hi, I am organising a charity event, and was wondering how to get a burger/food van to the event. Is this possible please? If so, how? Thanks
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County court claim and slander
Got myself into a bit of diffculty with my business financially. I owe a subby some money for work hes done i have paid nearly a 1/4 of it but now hes saying he will take me to small claims court because he wants it now. I am trying my hardest to raise the money by selling some of my machinery and doing work. But now its…
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Leasing a shop - contract
Hi all, we are hoping to set up our first business and hoping to lease a small premises . The cost will be £1400 PM and no council tax due to size and first time business. Lease is around 15 years and comes with a built kitchen and toilet which is ideal for us as we are hoping to convert it in to a cafe. What else should I…
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Shredding raffle ticket stubs after use
My husband helped organise our annual charity village fete on Saturday, a feature of which was the village draw to help rise money for village good causes. Somebody just remind him that now the draw has taken place he needs to destroy all the stubs because they contain personal information such as a phone number or email…
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community network uk advertising missold
Hi all, Hope someone can be of help. My wife and daughter run have a shop, its a new startup and has only been running for 6 months now. They had a sales rep from community network uk turn up at the shop and offer them some advertising on a tv screen in a local doctors surgery. The costs kept coming down as the wife was…
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Self Employed and sole trader etc...
Hi all, It's a relatively simple question, and I feel like a fool asking it here; however, the advice I am getting on the internet is slightly conflicting. My wife runs a small property management business that brings in roughly GBP 7,000 per year - There is an additional GBP 4,000 that she gets in fees from managing…
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Tax return forms
We have run as a side (partnership) business for 24 years and always completed manual tax returns. For the last few years we have had problems with forms missing / not being sent by tax office, this year we have had nothing at all, no partnership form or individual tax forms. Is anyone else having this problem ? I have…
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Business bank account opinions
Hello I'm debating which bank to open a new business account with. I had issues with Barclays before so I'm dubious about using them again but have seen that Natwest seem ok. Does anyone have personal opinions based on their experiences as small business owners? Many thanks
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Savings account for limited company?
I have a sole-trader limited company, and as this business is not my main source of income I am currently accruing the profits inside the company rather than withdrawing it as dividends or salary. Rather than having an ever-increasing sum of money in my business current account, I'd rather at least be able to transfer…
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Company name change
Can you add the symbol '+' anywhere within the name of a company?
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eBay and VAT on ending fees
Hello:) , I wonder if someone could clarify if I am being correctly billed by eBay and put my mind at ease. I have a small business account on ebay and a private ebay account. Invoices on my private account show the final valuation fees for each item line by line at a rate of 10% of the selling price (VAT is built in to…
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Won at small claims defendant issues additional claim
Hi, Can I get advice. I’ve recently been to small claims court for non payment of invoice and had the judgment in my favour. Money for invoice to be paid. The Defence was substandard workmanship that wasn’t upheld. No counterclaim was made at the time despite the defence stating there would be as apparently…
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Company car leasing
We currently run a small Ltd company, we turnover 50-60k. At the moment we use our personal car which is on finance and claim back the 45p per mile, we pay for fuel on the business card and claim the difference between the two figures. We do 10-12000 business miles. Is leasing a car worth it? We are thinking longer term…
