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Closing business
Hi, I'm currently a self employed childminder and plan to close my business July 25 and have accepted a new job starting in September 25. In regards to my tax period from April until July does anyone know what happens regarding this? As wouldn't earn £12,751 for this period however will be earning above that starting…
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King's Trust Enterprise Programme Experience
Hello everyone. I wanted to get some views from people who participated in the King's Trust enterprise programme from 2024-25. I've tried to get onto the programme twice now, but I've been rejected because I don't have the qualifications or experience required to run my business, even though my business doesn't require a…
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Moving money from business to savings account [Merged]
Hi all Unsure if this is the right place to post please feel free to delete. I am classed as a soletrader - running a sidelone alongside my employed work. Have been running it since December and just letting the money accumulate in the bank not a lot but around 2k. Is there any reason I can’t move this money into a savings…
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GP partner profit share renamed as locum income in end of year Limited Liability Company
GP partner profit share is taxed through a limited liability company, corporation and dividend tax paid. In the end of year Company Account summary, this income is entered as “locum income” in the schedule of reserves, rather than GP partner profit share. Why is this?
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Who pays for EICR? Commercial Lease Office
Hi, I have a joint commercial lease with a colleague renting an office. The landlord arranged for an electrician to see the office the other week. Today, we receive an invoice to pay for the EICR. I cannot see anywhere in the lease where it states that tenants are liable. Please advise what to look out for in contract…
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Judgment for Claimant Question
I am the claimant and a few weeks ago I was happy to receive a Judgment for
Claimant N30 letter due to the defendant not responding. I assume the
defendant received the exact same letter but unfortunately almost 1 month has
passed and yet the defendant is ignoring this judgment. I have WhatsApp'ed her (message shows as…
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Need advice on selling my online business
Hi everyone, What can I do to sell my small online business (selling own digital product to clients). I just do not understand where I need to go and try to find serious buyers. The project is not big, I'm looking to sell for £xx,xxx. What's the easiest way to find buyers without brokers? Thanks for any tips.
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Voa has 2 addresses land registry 1
I bought a commercial property in 2019 registered as one address 2 floors of the property are occupied and get business rate relief the 2 upstairs floors are almost derelict in 2022 our local council sent me a business rates bill for the derelict part of the property as it appeared to be under a separate address with the…
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Directors Loan - Can i do this?
hi i have a small Ltd Co that basically provides a service to numerous clients. All the clients are invoiced on a weekly basis and i'm paid the same day the service is provided. Currently i pay myself from the business account every Friday and leave a portion of the weeks business income to cover tax etc at the end of the…
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Delays in making product I've ordered and already paid for - what's the legal stance?
I've started a new business and found a company online to make my product. I'm getting frustrated at the ongoing delays to them making my order - here are the details: I paid for the order at the end of February, they sent a sample of the product a few weeks later so I could check quality etc. I made a few adjustments and…
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New company, property purchase and VAT
We are buying a building that has opted into VAT. So VAT is being charged on the purchase price. We have applied to register for VAT. Everything I read says we can only claim quarterly (and I don't have registration so don't know the date) but the VAT element I'd too big to pay out and wait months, or even weeks really, to…
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VAT Flat rate scheme - self assessment
Im looking at registering for Vat as I want to expand the business to sell more which will put me over the threshold to register, but will be under the 150k that allows me to use Flat rate scheme. If I register for flat rate scheme, I do a vat return every quarter for a percentage of turnover, I understand that. My reason…
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Sole trader business/personal vehicle
Hi After a working lifetime on PAYE I'm taking a relatively early retirement later this year. From April 2026 I'll be going self-employed as a sole trader and I'm just trying now to mentally get some ducks in a row. I will be doing very local garden maintenance and lawn care. I can't fit a lawnmower, scarifier, strimmer,…
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Left with a worthless franchise
I would like some advice please. I did my due dilligence and bought into an existing franchise which extolled itself as a leading company in the field and promoted the longevity of the company. I was introduced to a number of people to help obtain start up funds for a 5 year period. Initially, I was informed it would take…
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Bringing a shareholder on board - Concerns
Looking for some advice - we have a small business and currently 2 of us are directors/shareholders with a 60/40 split. We are looking to bring someone in to assist in certain areas and to limit cost to the business an option raised has been to make them a shareholder with 30%. Some questions and concerns I have are below…
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Sales From Website Dropped Off A Cliff
I run a small business with most of the sales coming through the web site. Recently, sales and views of pages are much reduced. Google seems to have demoted pages so they are no longer getting views. There are some suggestions online that Google has changed its algorithms and small businesses particularly are suffering. My…
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Plumber being taken to Court
Hi all, up until a few months ago my hubby had his own plumbing business and one of his former customers is taking him to court as he doesn't believe that the job was carried out well, that the wrong parts were used and that my husband damaged his property. He has only paid my husband £4,500, but is taking him to Court for…
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Can equal shareholders receive unequal dividends?
Some advice needed on dividends please. My 3 siblings and I are equal class B shareholders in a company my father is director of. Dad intends to give dividends this year 2025-2026 to 2 of my siblings (to repay loans they’ve previously had from each other or the company)- and my 3rd sibling was told the money is there if…
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cash basis accounting - end of year confusion
Hello folks, any help with this puzzle gratefully received:I made a pension contribution on 4/04/2025, it was pending for a bit and then showed up in my pension dated 4/04/2025. So far so good. However my bank account has dated this transaction as 7/04/2025. So now I don't know whether to include this in my self-assement…
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Google SEO
Our business has been trading a year and we are now looking to grow - its a plumbing sole trader business and I would like to get more interest from google. Spoke to a couple of tradies (electricians and roofers) who obtain almost all there work via getting a decent rank on google searches. I am aware of what SEO is but Id…
