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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
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Cost effective printing
Cost effective printing For small businesses run from home, has anyone any advice as to cost analysis for different types of printing? I realise that when comparing different lasers for example, they will often quote so many pence per sheet, but in the spirit of "money saving" I've been refilling inkjet cartridges with…
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Sole trader - one business or two?
Hi all, hope someone can help point me in the right direction :) i run website A as Business A, and have done for some time. all suppliers etc are under my/business a's name. Im a sole trader Im setting up another website, with ive had to call Business B (for domain etc) they sell the same items etc - but are aimed at…
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Whats best way to Receive payment from USD?
Im currently in negotiation to do a short bit of online work. And the employer is going to pay me in USD. They originally suggested to do it through PayPal. But I'm trying to find out if there is a better option. I even checked my banks website, but the only information I could seem to find is about buying currency not…
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VAT on energy living above a pub
Hello Query on a landlord that lives above a pub. The gas and electric for the accommodation run off the same gas and electricity meters. There are no separate meters for the pub and accommodation. Currently paying 20% VAT on the gas and electricity. Have been advised that this should be split 80/20 with the 20 split…
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Paypal and new Ltd company
Hi I am looking for advise, I have just started a new limited company, I have 2 PayPal accounts and I will be taking some payments through each. One is attached to my personal bank account. Can I withdraw the funds from the paypal, to my personal bank account, then send over to the business bank account? is that allowed?
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making tax digital
hi does anyone know how the making tax digital will effect sole traders earing very little will we all have to now go to an accountant to have submit tax returns
