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Payment to Overseas bank but in GBP
Hoping someone might be able to help with payments to foreign suppliers. We work with a number of overseas suppliers and have always paid invoices through Transferwise, paying the invoice in the suppliers currency. A new supplier in India are adamant that the invoice be paid in GBP but obviously in to an Indian account. I…
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expanding business need funding
i am looking to expand my business by buying some land (im a dog walking business) but i have no deposit for a business loan. The perfect location has come up by informal tender so i am researching options for purchase. I have an excellent credit rating and equity in my home. I am wondering whether to try the business loan…
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Small Business Help - How does Stat. Sick Pay Work?
Hi, We run a small business with 5 members of staff in total. Since December last year, we have had one member of staff off for various lengths of time for illness. I've tried to read the government advice but I can't get to the bottom of it! In December, they were off work for 14 days, but no periods of illness were…
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small business partnership agreement
Hi all, Ive researched as much as i can on this board and others with only a little sucess. My question, a colleague and I are embarking on a new venture based on interactive learning. We wish to split the profits 50/50, from what Ive learned so far, if we set up a ltd co hiow do we make that an enforceable agreement? for…
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Payroll software or bureau - recommendations?
Did a quick search but nothing obvious came up. Small-ish charity, currently 35 employees, it hovers around that number depending on how many people are on maternity leave but won't go significantly above. We currently use a payroll bureau we're not entirely happy with, and have our AE dealt with separately (pensions are…
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Coach trips
Me and a friend are thinking of booking a local coach company day trips to Bath, London, Oxford etc. Then selling the seats. We have done several as fundraisers and they are always very popular. Having difficulty in finding out if we need a licence or public liability insurance.....or is that part of hiring the coach out?…
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Charity fundraising article discussion
This thread is specifically to discuss the content of the Charity Fundraising article. To discuss or ask a question about this article: click reply
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How to advertise service on Facebook Marketplace?
There seem to be plenty of services advertised on Facebook Marketplace. However when I have attempted to set one up, all the categories seem to be for selling goods. Can anyone give me an idiot’s guide?! Here’s hopin’ & thankin’ in advance!
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Catering Trailer Door lock replacement
Hi all, I am struggling to find the exact match for replacement of my catering trailer door. i have attached some photos of the lock maybe if someone know this brand or similar size door lock system(to avoid any extra work) then please advise me.
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Expanding/second business
My husband has run a cafe for 10 ish years and an opportunity has come up to change locations. Ideally we would like to sell the first business but there will be an unknown overlap period as we have 3 years left on lease. Is there a way to avoid (legally) vat registration as our income will soon exceed threshold…
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Board Meeting Minutes
Hi All, Just a query about board meetings. There is only me in the business however, I have read that all meetings such as dividends etc need to be minuted. Do I need to do this if I am having a meeting with myself? Thanks
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Self employed already and second business (sort of)
I have been self employed for 7 years. Last year I published a book not related to my current business, which has a small income and a few expenses. Do I need to declare this as a 'second business' and in that case do I just write 'author' or should I add it to the current business where it says 'any other business income…
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Limited company
I have a ltd company and I’m the only director and employee. What are the best ways to get money out of my business account and into savings and investments, the most tax efficient way.
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First VAT quarter only 3 months?
Please ignore sorry can’t delete
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limited company question
Is it possible to start a limited company but not draw any income from it and keep all profits in the business? I am full time employed and do not need the extra income just yet and would like to keep tax as simple as possible, what tax would the business be subject to and in the future (possibly 5-10 years) when i need to…
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Fuel cards
Hi All, I'm interested to hear peoples thoughts and experiences on fuel cards? My company (when running) will do quite a lot of traveling as we will be going to clients instead of them coming to us (home based). Do you find fuel cards work for you? Thanks
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Starting a new business if on PIP
Hi. I have chronic illness (ME/CFS) and PTSD due to a trauma, I was attacjed 6 years ago. Anxiety and agoraphobia so I rarely leave my home. It's tough and life can be pretty lonely. I've recently started knitting and made blankets to send to friends. I can do this on my less fatigued/pain days and its given me a bit of me…
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Employed and self employed
Hi all, I'm hoping someone can shed some light or experience of my current situation. I am employed full time taking £22k per year. I am about to register a Ltd company, so will also be self employed. When I do my self assessment at the end of the tax year I will obviously document my 'job's' income and then the dividend…
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Infringment/Copyright Legal Help??
Good Morning All, Sorry if this isn't in the right section...I'm looking for anyone that may have a bit of knowledge on photography infringement/copyright law that can assist? Back in 2016, I set up a friendly photoshoot with a couple of local models, in order to take some film photographs for some upcoming exhibitions I…
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How are 'kickbacks' dealt with in terms of accounting?
Hi all, I have a fledgling Property Maintenance company and we intend to work with a particular Property Management company who can potentially put a lot of business our way. They look after properties for landlords and will be instructing us on maintenance jobs when they arise. After a job is complete, we invoice the…
