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Commercial lease - what happens with rent review if the lease just rolls over?
I wonder if there are any solicitors out there with experience of commercial leases? My friend has asked me to look at a lease for him but I am unsure of the answer to his question. It is a fixed term lease which finishes at the end of this year and contains the procedure for two rent reviews to take place on two set dates…
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Unpaid business rates on Ltd company
Hi We have ceased trading a limited company owing £1500 of business rates. The company will be closed down very soon, my question is, will the director still liable for these arrears or can we write them off with the company, which had no assets whatsoever? We have been in touch with the council but all they have done is…
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Extending 1st Accounting Period
We want to synchronise the corporation tax and accounting period. We incorporated 23/04/18 and the default accounting end date is 30/04/19. Am I right in saying that we should amend via webfiling/AA01 and change the accounting reference date to 22/10/19 which is the maximum 18 month period? We are due to start trading on…
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Keeping records
Hi all I run a small handyman/ gardening business. (Sole trader) Looking for a little guidance as to whther I am keeping my records correctly and whether you think I need more. I use my private vehicle (my only vehicle) and insure it for business use. I have two separate accounts, one is my personal account and another…
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Free food for charity over Christmas
Aldi are shutting early on Christmas Eve and donating all the fresh veg etc that they have left to a charity. The details are here on twitter https://twitter.com/AldiUK/status/1059762388570959872 Are you a charitable organisation? Would you like to receive fresh food to help spread festive cheer to those in need this…
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Liz
Please can someone give me some advise. My husband is a contract worker and has his own Limited company. Due to illness he is unable to work so there are no funds going into his account. We still are having to pay Accountancy Fees, Bank Charges etc, so the money is constantly going down. There is Corporation Tax which…
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Worth restarting old small business?
A couple of years ago, I ran a small jewellery business which I did as a sole trader side job as I was also working full time. I registered with HMRC, paid what I needed to and after a years trial, finished on a profit - and that was without me putting too much effort into it. I have just given birth, I am now on maternity…
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Vat flat Rate Scheme and MTD questions
Hi, my partner is considering going VAT registered on the flat Rate Scheme, she is below the mandatory threshold to register but as she has approximately £50k of assets she could claim VAT back on and approximately 90% of her turnover is to VAT registered businesses she thinks it would be of benefit to her. She is aware…
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A genuine MMD!
I’d really appreciate some advice...I've taken out as much personal information as possible but I hope it still makes sense. Earlier this year, I moved back to the UK after a really nasty break up and winding down my business in Ireland. Fifteen months after being promised a refund for services paid for but not used (a…
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Help with CIC/ directorship query
Around a year ago, a friend and I set up a CIC, running retail premises on a cost space share basis to enable local makers and artists to sell on the high street, at a less prohibitive cost, rates etc being what they are. In August, my friend was struggling with stress and asked me to accept her resignation from the…
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Community Interest Company (CIC)
Just wondering if anyone here has started their own CIC - would love to chat if so. We have looked at going down the charity route previously but not sure it's quite the right fit for us and wondered whether the CIC route would be more appropriate. My concern is that financial doners may be less inclined to donate due to…
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Help regarding staff with two jobs..
Hi everyone, I’m hoping someone can help. I run a small cleaning business with three staff members currently. I’m in the middle of hiring another however, one applicant I’m interested in has another job. She works one week on, one week off and is looking for extra hours in between to boost her income. However, I’m a little…
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What receipt do you need for HMRC?
We’ve just incorporated our company and we took a client out for lunch. When we got the itemised bill, we paid via cash and left with the itemised bill. Is this bill sufficient for HMRC purposes as expense? Only asking because we would normally pay via card and you get both the itemised bill and a card receipt. Many thanks.
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PTA Tombola question.
I have been involved with PTAs for a number of years, and have always been under the impression that there were regulations about 'equal stake for equal chance of winning' for tombolas at school fetes. Ie you cant sell one ticket for 25p but do a deal for 5 for £1, as the stakes would not be equal. (I have seen many stalls…
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Investors search
Where is the best place to search for investors for startups?
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Best way to run a vehicle
Hi guys and girls, just looking for a heads up or advice on the best way to buy a car through a new, LTD business. I have a small lump sum to put up towards a pick-up truck that I plan to get sign written. I am not VAT registered immediately, but will be if my turnover goes over the threshold. I’m just concerned that if I…
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Customer complaint - need advice
We produce beverages and donated a bottle to a charity for auction. We've had the winning bidder contact us directly to say she found the product had no taste and was disappointed so threw it in the bin. She wants us to send a replacement bottle of something else. This is a new one on us, and I was just wondering what the…
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What banks do global startups use?
Just wondering what banks do global startups trust? Maybe there is a list or smith?
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Is £10k too much for a catering pitch central Bristol??
Hi, I have the opportunity to take over the pitch from my regular coffee van seller, it's located in central Bristol and has a good footfall, I pass by his van to my office every day and he is always busy. Due to a change in circumstances he is relocating back to his home country and he is looking to sell the business…
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Best business bank account for cash deposits?
Hi, I am a newish business owner and am about to come to the end of my free Banking period with tsb. Does anyone have any suggestions for a business bank account with reasonable charges for large regular cash deposits (mostly coin). Don't mention the co op as they don't want my business... Thanks in advance
