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Ltd Company Insolvency Cost
Hi All Does anyone have any experience of Ltd company insolvency and how much it costs? Most likely will raise £10,000 through selling assets. Have a £13,000 loan owed and a Personal guarantee on some equipment of around £36000. Can the £10000ish from assets be used to pay the insolvency costs or do I personally have to…
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Insurance query
Still haven't found the answer to my insurance query. I run a small CL Caravan Club tourer site and have domestic and business rates as the site is deemed separate to my dwelling being on my field. My query is on insurance, I already have insurance for the business but am having trouble getting quotes for my home. My…
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Business failed- guarantor for Natwest O/D
Hi, My other half ran his own business for 7 years and had an overdraft with Natwest. The business unfortunately is not viable and he has closed it and is now working a minimum wage job. His business overdraft, in the company name, is with Natwest. They have closed the account and stated that he is personal guarantor for…
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Am I still liable to pay?
Hi,Ill try and keep this simple. Ill use initials for the companies for privacy. I recently bought a business in May of this year. The card machine I use was through a company Ill call CS. The processing side is through a company called TP. The contract for CS was signed for a renewal of 36th months in 2022. (Not by me) CS…
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Bank of Scotland starting to charge for Treasurer's / Association Accounts
My street self-governs and maintains the common areas by way of a small residents' association who set annual fees and collect payments from each house to cover costs. We've had a Bank of Scotland Treasurer's Account for over 20 years, and have received notice that they're changing us to a Community Account. With this…
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Wrong Address at Companies House!
Someone I know went out of business and they have started a new business however this time they have mixed up the address on Companies House, debt collectors appeared at their home forcing them to re-mortgage shortly after. I notice they are using the Postcode of their mothers house and a neighbours door number in our…
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Advise for setting up an online store and shipping
Hi We are a small size business and currently operate from units. Looking at setting up an online shop. We use a programme called Square for a till system and can create a shop through this. Type of products we are selling is small clothing packages (childrens sizes) Do i need to integrate a fulfilment programme to help…
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Best use of losses when closing a self-employed business
Hello, I am closing down an unincorporated business with losses in the tens of thousands. I would greatly appreciate some advice on how I can use these losses to minimise my tax bill. I appreciate I may need to pay for specialist advice, but I would like to understand what my options are first so that I know what to ask. -…
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Reliable and cheap provider of 020 number for business use
I'm looking for a supplier for an 020 London number that I can use for my business. I'm wanting this number to redirect to my mobile which I'm sure a supplier can offer. Any recommendations?
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Rent and business rates and VAT claims
I’m thinking of starting a business as a ltd company.If I rent of a premises at 50k ex vat, rateable value is 10k with 49.9p UBR in the £, and I make 100k in revenue what do I pay annually?Is it £50k+£10k VAT plus £10Kx49.9% = £64999Can I claim the 10k VAT back? / VAT back on all purchases made? Thanks
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Ai For Businesses
What do people think about the use of AI for businesses. I personally dont think the tools are there yet but i'm also torn between machines taking employees tasks off them.
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What's Your Priority With Your Card Payment Terminal?
When you look for a card machine what is your priority?
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Working From Home Focus
Hello you very wonderful and intelligent people that make up this forum. I sincerely hope everything is going well for you. I work from home a few days a week, doing affiliate marketing, building blogs, doing advertising through Google. I find when i go on my laptop my mind is full of thoughts, such as personal tasks i…
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eSim or 2 phones?
Hi Does anyone use an eSim to have a ‘work’ number and also keep their own personal number? Had a quick google and seems possible if you have a phone made in last few years. Does anyone have any experience using it? Specifically looking at how easy it is to switch between making calls from say work and then to personal, or…
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website design cost
thank you in advance, have been wanting to get a website for my business, nothing major or complicated, essentially for advertising. I got a quote for 1500 total ( including VAT) has anyone any experience rough costs and would a DIY website make a decent enough one? thanks again
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Cheap business email
Want to get a business email as gmail isn't considered professional apparently, what's the cheapest way?
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Payroll query
Hi, I started my company in April this year. I want to pay myself a salary of £12570. I started payroll late in May and paid myself for May onwards on a monthly basis. I did not pay myself a salary in April as I was waiting for things back from HMRC. So at the end of this year I will end up paying myself £11522 (1 month…
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Sole trader carries out same activity as his limited company
I have a problem with a limited private company
which owes me money and I have discovered that the director of this limited company
is running at the same time a sole trader company which has the same activity
as his limited private company I would like to know if this is legal and which law
could have been breached
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Mortgage Rates
Just wondering what people think will happen to the mortgages rates in the next few years? Do we think they will go down soon?
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Best way to get paid from a ltd company
Hi, sorry I have searched lots on this and keep getting confused so I am hoping for some concise information. My partner has set up a ltd company as she works as a chef through various agencies and they prefer that a ltd company just invoices them for payment, they dont deal with self employed / sole trader. The company is…
