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Small business - What steps we need to folow
Myself and my friend are both full time employed by a large company. We both work on the same contract (permanent job) for the last few years. Our client, the owner of the building is using a specific product (a part) to maintain their building. They are getting this part delivered and it's quite expensive. One of the…
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Privately messaged a business on Facebook and they didn't keep the info private. Is this legal?
So basically I have been looking at hiring a new room for one of my classes I run so I messaged around a few local rooms. Unbeknownst to me one of the women who has read the messages has passed on the information to someone else who I already hire a room from and they are very annoyed that I might be looking elsewhere,…
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Working with an accountant (lump sum or regular direct debit)
Hi We’ve just engaged with a few accountants and the proposition is slightly confusing us. If say we start trading in a ltd company today (20/05/18), by default the company year end should be 31/05/19. Is the following true: * We can extend company year end out by 6 months so 31/11/19? * Assuming we do extend it to…
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Invoicing & Payments from 2 separate companies
Hi, Hoping you can please? There are 2 companies and the 1st one needs to close, so don't want any trading activities going through it. The issue is, a payment needs to be made to a supplier for the remaining 50%. How can this payment be made from Company 2, without the supplier reissuing another invoice, they have already…
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Closing down a limited company
I have been quoted £500+VAT to close down my limited company I am solvent I just don't want it anymore as I have stopped trading Is this a reasonable quote or should I shop around
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GDPR privacy policy - any free templates ?
Hi all I am trying to go about the whole GDPR compliance thing in the most affordable way. I can see some companies selling privacy policies + kits for £££££ and others for annual subscriptions of $27 I am a small business - i teach languages online... I understand what i need to do re my mailing list but I am not looking…
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Flying solo?
Looking for some advice if possible! I have many years of administrative experience behind me as well as reception experience.. I was thinking of going solo and setting up my own company that provides admin/reception cover for local companies, almost like an agency but just me... I would also like to provide admin/personal…
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Change my business name and employee contracts
Hi all, I’m looking at changing my company name slightly so it corresponds to the type of work I do. The issue I have is that I currently have an employee that obviously has a contract. If I change the name of my company (on companies house etc) would I need to provide a new contract of employment or could I write an…
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Copyright claims for images on website (info only, no question)
Hi all, Just thought I'd make this thread after my recent experience. I had an email and recorded delivery letter from a place in the Netherlands claiming I owed money for a copyrighted image. They showed a screenshot of the image and demanded £180 for back payment of the usage of it on my business website. My website has…
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Is totalgiving legit?
I probably can not post the link here... but i am a trustee of a small charity. totalgiving seem to have taken our charity details (available to all who go look on the charity commission website, and are suggesting we sign up with them... and that people use them (much like justgiving etc) for fundraising. They claim to be…
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Shopify and notifying your mortgage lender?
Hi there, Hope someone might have an idea about this. I have recently found an existing Shopify shop that I’ve decided to buy. It operates on a dropshipping basis so I would have no stock. I work full time and the Shopify business would be an additional source of income, hopefully but might not yield much income either.…
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GDPR for treasurer
I am Treasurer of a motorcycle club. I have been advised that if people do not renew there membership I Must delete there records, however I keep a spreadsheet of subscriptions paid and under revenue rules financial records must be kept for 10 years. Although the spreadsheet only shows names and amounts paid, surely I…
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Self employed tax refund
I started self employed on the 17th Oct 2017 and want my accounts to run from April to April I have earned £14000 in this time and spent £7000 setting up my business, website, materials, van etc Of that £14000 I paid CIS at 20% Might be silly question but should I expect all my materials, diesel, website and anything to do…
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GDPR again - can I check if I am okay please
I am a sole trader, working as a statistician analysing data for various clients. The data I receive from clients is anonymised, so I think that's okay(?) Then I analyse the data and send back the results. All my work now comes through from existing clients or from word-of-mouth, so I don't do any marketing or keep…
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Start up loans and mortgages
Hello, just wondering if anyone has any advice on start up loans. I have sent off my application for a start up loan which is proving to be a long process. However, I also plan on moving house in the very near future. Will having a business start up loan effect my mortgage application and bring my affordability down? I'm…
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Self-employed without a bank account
I've oversimplified the issue in the title of this thread, please forgive me. I have just registered as a sole trader. I am a gardener. People pay me cash. I earn very little. I would like to:* Receive cash from customers * Spend that cash on personal and business things (e.g. My weekly food shopping, a new spade) * Every…
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Exporting bank transactions and statements
So I'm currently with Yorkshire Bank business account (for a Ltd company) and exporting transactions is a complete pain. There also seems no way to download statements as PDF. Thinking of moving banks - I don't do any cash transactions, mainly get paid by BACS. Criteria is something with fully functional internet banking…
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Hmrc
Hi there Is anyone else having continual problems with HMRC specifically CIS payments? Ive written and phoned on several occasions ref wrong amounts which they say i owe. Ive explained to them and written out on paper where the amounts were allocated etc but still get threatning letters and fines and people turning up at…
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Ltd company invoices
Hi, I have a couple of questions which I'm unable to find an exact answer from, I would really appreciate any clear clarification. 1. For invoices that I send to my customers, how long must I keep a copy of these records? 2. I use Sage and have recently gone "paperless" so I send a PDF copy of the invoices to my clients,…
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Selling up business for lump sum
I may have a potential buyer for my business netting around £200,000+Vat. This would be intended for my retirement but would mean 40% to the tax man because of existing earnings. I don't want to avoid paying tax, I want to pay it as I draw from it over a period of years. What if for example, I set up a new sole-trader…
