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Business Bank Account/Canal Boat
Hi, I'm hoping someone can help, I've been running around in circles so far. My situation is that I've been living on a canal box for just over 2.5 years, no permanent mooring (I move every 2 weeks). I've gotten around post by hiring a PO Box and that's been working fine. Until now... I've recently just set up my business…
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Calculating tax - vintage resale business
Hi, it’s my first year of business and I’m trying to get my head around how i’ll pay tax and what information I’ll need. I’m a sole trader. I was originally under the impression that all stock I bought, goods for resale, would be counted as expenses, but from what I’m reading online it seems that I can only count the cost…
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How to start a Business??
I’m looking for advice on starting a business. A removals company to be precise. It’s something I have always wanted to do but never thought it would be achievable. I am at a stage now where I am 31 with enough cash to get this up and running so I am very tempted to give it a go. Is there anyone in this field with any…
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Bankrupt but still Gassafe
Is it possible for a plumbing company to be dissolved, 4 years ago, but the business owner - still to be operating a (slightly differently named) plumbing business - still registered with Gassafe under the same membership number ? The original business was on Companies house - the new business doesn't appear !
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Mortgage borrowing and Qualifying Loan Interest
We need to inject around £30k into the business, £6k will have to be share capital (that's the minimum share capital for £30k injection for the type of company) and the remaining £24k as a loan to the company. I know you can borrow personally and use the funds in a company and qualify for Qualifying Loan Interest. We…
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Christmas Kiosk - Sale or return
I've got a pitch this year for a full size Christmas Kiosk in Manchester. It will be 3m x 2m and I need to fill it ... for 2 months!! I have already made lots of craft items but I also want some things that I can sell on a sale or return basis from other crafters or independent stores. Has anyone ever done this, or know of…
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Business post to garage instead of house
Hi guys, Little bit of a random one... For two years I have ran my business using a PO Box. Due to expansion I have had to look at having an office. Instead of hiring an office space I took the decision to convert my big double garage into an office as the garage was not being used and the cost to renovate it worked out to…
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Subscription box business idea
A friend and I would like to start a small subscription box business, only we don't have a clue how to go about starting this. I have googled as much as I can about it, there are online pages that offer help with running such a business such as Cratejoy and Subbly, but we would like to do as much of it as we can ourselves…
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Sole trader - Split the business?
Hi all, I'm full time employed and also run a sole trader business. I'm close to hitting the higher tax band. Is it legal to split the business in half, so my wife has a sole trader business and I keep mine. Say the business is currently selling building supplies.... if we split it: My business would be for Tools. My…
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Working for firm then setting up own business in the same field
I'm aiming to become self employed in the next few months . I have a couple of ideas about what I want to do but initially my main focus will be setting up as a cat sitter. As there are a lot already out there and I'll be starting with no customer base or reviews , I was thinking of signing with an existing organisation if…
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End Of Lease
Hey everyone, Long story short I’m coming to the end of a lease at a retail premises that we’ve had for 9 years. In that time our landlord changed and at break clause, the new landlord tried it on with a rental increase of £10,000 - they were unsuccessful but the fees spiralled out of control as it went to arbration etc.…
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Liability Insurance for 14 year old
Hi! I'm 14 and work as a sole mobile car cleaner. Ive recently been asked by multiple people if I have liability insurance but its far too expensive as I don't have regular expenditure to be able to pay for the insurance and materials. If I can it means that I get no profit and the whole idea is futile. I can't keep track…
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taxi driving and costs
my partner is thinking of setting up as a ltd company instead of sole trader. currently she sorts out her travel for delivering training courses as claiming 45p per mile as expenses for the business travel. this got me thinking randomly as i was trying to get to sleep last night, about taxi drivers - presumably they either…
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How do self-employed Personal Trainers pay taxes etc? How come they don't have LTD companies?
Hi there, I am curious, how do self-employed Personal Trainers pay taxes etc? How come they don't have LTD companies? You see contractors and other self-employed people usually setting up LTD companies but never seems to be the case with personal trainers. So how do they pay taxes, declare their income etc? Or is it all…
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sole trader legal advice client stops treatment now claiming personal injury
I have just started a semi permanent make up business. 2 months ago a new customer approached me after asking one of my customers who had done her eyebrows. A free the usual alert test and pre treatment consultation I began microblading but it became apparent that this lady had a very low pain threshold and kept jumping…
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Business Loan
I recently set up a limited company and I'm the only shareholder. I opened a business account with santander with who I also have a personal account. I wanted to apply for a business loan to kick start the company. I understand I am personally liable and they will do a credit check on me. What I'm not sure about is whether…
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Gdpr
Hi All As a small business and as an IT service I need to make a start on my road to GDPR compliance, but.... I've seen lots of ebooks and read some GDPR books, all are so vague they were practically useless. There are GDPR toolkits online for about £500, but cautious about opportunists..... Anyone got any advice how best…
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Plug in diffuser producer
Hi I need to find a manufacturer that will put my product in a plug-in diffuser. Does anyone know who could do this or what website would be able to point me in the right direction Thanks
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sole traders > ltd company
my partner does freelance consultancy/training as a sole trader and i have not started trading yet - but i would like to start a craft business. my partner is interested in turning into a ltd company instead of a sole trader. my question is, can the limited company have two different 'trading activities' underneath it, to…
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Win £10,000 Support for small charity
Nisa are giving away 10 x £10,000 marketing support packages for small charities. I hope it's ok to add a link to the competitions thread as I thought it would get more exposure by posting here. If not please delete :)…
