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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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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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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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Help starting business when I have a DRO
Last month I was approved for a debt relief order, and after reading through all the rules I noticed a few things which could potentially ruin my plans for starting a business. According to the letter I received it says I'm not allowed to do business in any name other than the one on the DRO, I must get permission from a…
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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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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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Investors search
Where is the best place to search for investors for startups?
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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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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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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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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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Growth Fund Grant
Hi, I would like advice on how to check out a grant offer to start up a small business. The application process was very easy (phone calls) and didn't require a business plan. An offer has been received from another company, but would like to know how to check that it is all legitimate. The terms and conditions don't…
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buying to sell
Hi everyone, i am starting a business making things to sell. But along side it i am thinking of buying some items in to expand my range. I understand i will need insurance for the items im making, i know i will also need to check with my mortgage provider, home insurance provider and council and will need to register as…
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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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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
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When does it become a business?
Hello everyone. Hello, I want to create a website with some friends. We want to create a sort of network/ hub for a specific industry. Companies will be able to create profiles and interact with each other, among other things. We are engineers, and at this point this is more a hobby than anything else, an opportunity to…
