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Cash Plus Business Bank Account, what are your thoughts?
Official MoneySavingExpert.com insert For full info on small business bank accounts, see the main website's best business bank accounts guide. Back to the original post... Hi all, I am looking at starting to contract with the work I do and have set up a LTD company but I am having trouble getting a bank account through the…
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Avoid like the plague
Hi just want to spread the word about dealing with this unscrupilous company, for ease of facts I have copied the claim to ofcom below " [FONT=Arial, sans-serif]Hi there in August 2016 I ordered internet and broadband for 12 months. This was for a second branch of my business in a new town, the line was already installed…
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Verbal Contract
Evening all, I will not bore you with the details but basically I am a small business owner and have been stung by an energy company who say they have a verbal contract with me whereby I agreed to a contract over the phone. Me trying to get out of the contract is now becoming rather messy and basically I want to access a…
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Annual Company Accounts and Credit Card Dates
Hi, I'm filing my first company accounts and have a few credit card transactions that span my end date (30 April). If the transactions took place in April but the credit card was paid on May 1st do they go in my first year accounts? Or into year two? If they do go into year two do I need to account for them as money owed…
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Full time vs Self-Employed. Am I better off now?
Hello all, Just wondering. Recently I started my own business for the first time and wondering how much better off I am (if at all). In my previous full-time job I earned £50,000 a year. Now I earn £400 a day as a self-employed person through my LTD company and expected to work around 200 working days a year. The contracts…
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GDRP and Hosting Geography
Hi, Wondering if anyone knows how the GDRP will affect my hosting ability and legal compliance? I currently host a website with Justhost, and store customer names and addresses on the database there. With GDRP, will I need to shift my customer data to a UK based database/hosting provider? Thanks in advance.
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Public Liability Insurance
Hi, my husband is a Sole Trader who needs £10million PLI cover to be able to work for certain organisations.The last couple of years the premium hasn't been much over £100 but all quotes are coming up as over £300 this year and I've no idea why. Can anyone shed any light on this? We've never made a claim or been bankcrupt…
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Advice on setting up a company to house all businesses
Hello, I'm wondering if someone here could give me some advice on my current situation. At the moment I run a few different websites. Lets says we have website A website B and website C. They all generate revenue but payments for these websites go through website A's bankaccount. This is because I started with website A…
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Setting up a company to run a holiday let and house let
Hello. Hope I'm posting in the right place, apologies if not. My husband and I own a house that we let long term and are setting up another house to run as a holiday let. I undertake the vast majority of the work (obviously it is minimal with the long term let compared to the holiday let) and this is currently my main job…
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Starting a new business, guidance please
Hello, Need some help please, I am currently employed but have been told in confidence by the MD that the firm is going to close in the next couple of months and the customers I work on I can continue to do so on my own if I want to, this will mean I will need to start a Ltd company and will have to register for VAT, I…
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Should I be paying national insurance contributions
I am currently employed on a part-time basis (earning around 9-10k a year). I also run a freelance business which brings in a profit of around £2.5k a year. Because my self-employment income is fairly low I am just wondering if I should be voluntarily paying the Class 2 NI contributions or not? To be blatantly honest, I…
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Transferring assets into self employment
Hi, I've recently bought a lot of equipment in order to learn a new skill and craft that I eventually hope will earn me some money by selling the items I make. If I start off as a hobby (whilst I learn and perfect my skills and products and not sell anything) can I then later transfer my equipment and 'stock' from being…
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Spam button
There’s a HUGE amount of Spam across the boards today, lots on this board. If you see one - it will be very obvious- please press the :spam: button. :D
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Part time architectural practice
So i have been looking to set up an architectural practice as a one man band, and would like some advice / comments i have a full time job (37 hours) - vaguely related however not directly. Some weeks i will spend 10 hours and others i may do none, however lets call it an average of 5-7 hours per week over the year. This…
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The 10 Ask & Answer Challenge.
For this challenge you have to receive help from 10 people BUT you have to ask them, people doing it without being asked doesn't count. Nor can all these 10 people be online. Is anyone up to the challenge?
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Dividends greater than current year profit
Hi, i am a newbie, with a relatively new small business just over a year old. i am confused about the amount of dividend we can withdraw. i am also scared of illegal dividends. should it be less than the current year profit, or can it be more than current year profit, so long as there is retained profit from last year? as…
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Sole trader to Ltd
New poster looking for some guidance on registering as a limited company. Of course I will be speaking to an accountant eventually but wanted to get some initial thoughts. I have been trading as a sole trader for a few years now and will be paying my 16/17 tax bill at the end January. Also 50% towards 17/18. My only…
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From benefits to self-employed
Hi there. I am currently a full-time carer for my partner and existing on various benefits: Housing Benefit Income Support Carer's Allowance and my partner receives PIP As a hobby I create digital art and designs which I've been told I should be selling. I'm seeking advice on the implications on benefits etc if I set up…
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Business accounts 3-4 days past due
Hi my ltd accounts is past due by 3-4 days. I underestimated how long it will take over the holidays. I am racing ahead now to get it done before 31/Dec (last day). But I think it will take a couple of days pas tthat to finalise the books and then get accountant to produce and file the accounts. My accountant is very good…
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Business mobile phones
I have a small electrical contracting business and in order to reduce the paperwork have decided to look at getting 3 mobile phones for the engineers that are in the field. I'm just wondering if there is a good website that compares business related mobile phone deals rather than personal deals? Also; 1) Does anyone has…