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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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Partnership - do we change name or start whole new company?
If a partnership decided to go from a small business run from home selling confectionary online to wanting to open a catering trailer selling confectionary and other food. Do we change the business name and continue or do we need to close the first one and then start a whole new partnership (would that mean registering as…
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Business Investment for a Start Up
Hi Im looking at starting a business up, but would like some investors in with me where. other than crowdfunding is there anywhere i could meet such people of sites ? Thanks
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Company Director Using My Address as His Correspondence Address
My ex-husband moved out of my home five years ago. I have continuously told him to remove my address as his correspondence address from companies house and get his address listed, but he has ignored all requests. This is his personal correspondence address and not the company registered address. Is there anything I can do?…
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trying to find link to hmrc to get utr number
Hello.... absolutely going round in circles here, hope someone can help. My son was recently made redundant and decided to work for himself. Went on HMRC site to register as self employed and came to a point where he was informed that he already had a UTR. We think this might be from years ago - its possible that he…
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Opinions of Starling Bank for a Business Account?
Since starting my ltd company, we’ve been using Santander for our business account. No major issues but I started looking round for a new bank around a year ago because the old Santander mobile banking app was so outdated and you couldn’t see full details of payments coming in/out. At the time, I opened a Starling account…
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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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Self Assesment Tax Rate
I am employed and pay PAYE at higher rate tax banding. I also rent a property out via a limited company and earn £14400 per year through rental income. Is the £14400 payable at the same higher rate as my PAYE income or low rate as a separate entity? Thanks
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How many with small businesses registered as a Limited Company do their own taxes?
My husband and I set up a small business as a registered Limited Company last year. I've kept meticulous records of incoming and outgoing payments and what they are for. I have a business bank account that everything goes through. I'm confident that I can file my own accounts for the business but just wanted to gauge how…
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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 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…