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New to the Small Biz Moneysaving board? Start here
Useful guides from MoneySavingExpert.com Do I need a business bank account?Coronavirus Self-Employed & Small Limited Company Help
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Is this investment worth it?
I recently wanted to take my max dividends from my small company, pay the tax (at 8.75%) and invest in stocks and shares Isas. Accountant says why bother, you pay all that tax? However, if I do nothing money sits in business account not doing much. What do people think? I appreciate stocks and shares are not a given...!!!
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Amazon FBA - Anyone use this?
Hi all. I currently sell on my own website and on eBay. I'm thinking of moving from eBay over to Amazon using the FBA option. I currently rent office space (approx £470 pm inc VAT) and pick and pack my own products, pay postage, packing, labels, ink etc etc. I know that FBA will cost more than eBay, however, my thinking is…
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business bank accounts
Where are people putting their business savings money? Tide is good but gets terrible reviews...?
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Online Payments
Hi, Can you tell me the cheapest option or a free option to set up taking payments for a virtual business please? I would prefer to email a payment link for the customer to pay the invoice. Any advice would be much appreciated. Thanks
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ONLINE NETWORKING GROUPS
Hi Folks Can someone kindly recommend any online business networking
groups? Thanks
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Sold trader vs limited company near retirement
I’m looking for some advice about becoming a limited company. My dad is a long term sole trader, employing a number of people. He’s always loved his job, but is now well past retirement age and still working full time. He would like to retire, but it’s not going to be immediate. After a health scare, we’ve been looking…
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Getting things clear - considering self-employment
Hi all, I am just exploring self-employment alongside my PAYE job which is 4 days per week. I have not invested any money yet and want to get everything clear first and not rush into anything. I’d be grateful for any comments or recommended resources to help me look into things further. I think sole trader would be the…
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Renting a business unit (property)
Can anyone advise on some questions about renting a business unit please. Is it necessary to be a business, or can an individual rent one? Are business rate levels comparable with domestic charges? Is it necessary to be doing the same activity as the designated use, or is it okay to use any as a storage unit? Any other…
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Can family members volunteer for me!
Hi all, Could anyone point me in the right direction of this topic? I have a homebaking business and I am registering for local market stalls. My children (15, 17 and 18 year old) are wanting to volunteer for me. Is this possible and if so, do I need a specific liability insurance / health and safety certificate for them?…
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Guide/Tips on starting a small business
I'm in the very fortunate position of having paid my mortgage but still being young enough to still be a long way from retirement (I turn 40 later this month). After some mental health issues during the pandemic I reduced to a 4 day working week and have been enjoying the extra flexibility and time, however I no longer…
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HMRC Basic Tools 2024/25 upgrade help - Mac
I would be so grateful if anyone could advise. I run payroll using Basic Tools RTI and could not move to the new tax year without upgrading the program. Unfortunately, once I'd done this, I realised that my 2016 MacBook Pro doesn't have the required software requirements (Sonoma or Ventura) and due to its age can't upgrade…
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Invoice late payment penalty charge enforcement
Hi, I recently completed some work for a repeat client and sent in the invoice, which stated the terms for late payment fees and interest. They didn't pay on time (not first time late) so as well as daily reminders I sent an email saying the penalty was triggered and needed paying on top. They then paid the invoice but not…
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Death of a sole director - Ltd company - help
Hi guys. I hope I'm in the right place and I'm desperate for some help and advice as I've been going around incircles for the last few months and getting no where fast. This is my last chance before I look into a solicitor which unfortunately I don't have the funds to do so. My dad suddenly passed away last year. He was…
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Making Business Payment from Personal Account
I am waiting for a new card, but I have a payment due today, which can't be postponed. It's to the US, and I can't pay in another way. If I take the money out of my business account and pay it from my personal account, what's the best way to record this in my accounts? I am a limited company if that information is helpful.
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Service charge dispute, ground floor shop in a residential building
Hi all I'm trying to find out if it's possible to dispute the service charges I'm paying my building's management company. The fees keep going up exponentially, and it's becoming unaffordable for me. I'm aware of the First-tier Tribunal system, but I think they only deal with residential properties if I'm not mistaken, so…
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Director liability
I agreed to be a director of a limited company although took no part in it's running other than I worked for the company and received a wage. The company folded and the two other directors filed to close the company as it ceased trading. I have now received a letter from a debt collection company saying that there has been…
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Print on demand selling questions
Hi all, I have a load of digital designs that I am looking to upload
to a print on demand service and sell them on various items online. I have done
a decent amount of research so far and think that using Printful for the
orders, production and postage would be a good option for me, and then using
Etsy as my shop but…
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HMRC not paying refund
I'm owed - according to my accountant and agreed by HMRC - just over £3k in overpaid tax. I requested this but its past the two weeks. They say not to chase for 4 weeks but I've heard some folks are being fobbed off for months and I really need the money. Anyone experienced this?
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Crown/treasury takes your assets if you close company
I recently closed my company with £600 in the account. I was completely shocked to discover that the crown/treasury just took this money out of my business account and closed the bank account. There should be some kind of warning or communication to tell you they are going to do this.
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On off payment, invoice needed?
I took some pictures for my son's clubs competition as a one off, not expecting any payment, but when I sent them the photos, they asked how much do I want? I said, I'm not sure, whatever you think they're worth; thinking nothing of it, untill they asked me to invoice them an amount. I'm shocked, and didn't expect anything…