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Self-employment or Ltd company?
Hi, I've been self-employed for just over a year and have had a few clients ask me if I would consider changing to a ltd company as they think that's what I should be doing (think they're worried about the tax man complaining I should be employed). However, I feel I'm okay being self-employed and have all the evidence I…
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Using money from one business to start another
Hi all I'm a very small sole trader currently working part-time around my wife's full-time shift pattern. For my current business I have a business current account where incoming money and outgoing costs take place, and a saving's account. I have an idea for a separate business project I'd like to start, but don't have the…
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Local charity 'never done' Gift Aid?
Hello all, Last year I helped arrange an event for my local charity which raised nearly £3,000. I am planning on doing so again next year and have a guest lined up. In order to pay for his flights to come to the UK, there is a friend of mine who has offered to pay for half the cost of the flights (flights cost £3000 approx…
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A friend wants to invest
Hey guys so I have a question I recently started a business in the eCommerce space aimed at men's grooming its very new and so far I have self funded it from funds and I am adding to it as and when is needed whilst still finding my way in the world. I have a clear vision of where and how I wish to grow the business and…
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changing ltd adress?
under any circumstances can a ltd company address which was registered at a residential address be changed? also removing the previous address at the same time?
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Readymade stores franchise
Hello has anyone got any info on the above franchise please? If you currently have a franchise or used to , it will be good to get your views.... Thank
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Starting a new business - need capital
Hi all! I'm very excited to announce I am starting a new business. I am registered as a limited company, registered for VAT and I have my website and email addresses set up. It is an online retail store and I've started purchasing stock at wholesale price from a number of vendors (with my ow personal money). My issue now…
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Sole Trader or CIC
Hi All, Hope you are all well and enjoying the sunshine. I have been working with Children and families for as a front line practitioner for 10 years now for a local authority and the last few months I have written a programme that targets gangs, knife crime and drug crime including county lines which is becoming more…
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Advice for Brit living overseas
Hi everyone! I am a British citizen but have been living and working overseas (in the UAE) for the last 6.5 years. I am thinking about setting up as a sole trader in the UK for a small business idea that I have had. It’s a business consulting (CV’s, interview coaching etc) and transactions would be no more than the 140GBP…
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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.…
