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Welcome to Fresh Threads, our weekly roundup of the best comments and advice from the forums.
Here are my top picks from this week.
If a company makes more profit than it pays out in dividends then, over time, shareholder equity will mount up. What's to stop a husband and wife team to allow this cash-pile to increase, then simply stop work, and pay themselves a salary and dividend over a number of subsequent years until there's nothing left? A pseudo-pension, if you will.
SteLacca: There's nothing to stop it, but what's the point? If trading has stopped, the loss will never be utilised and will, ultimately, vanish when the company is eventually dissolved. Better just to take dividends.
UKSBD: If a company makes £50k profit in year one, and pays about £10k corporation tax, can it make £50k loss the next year and claim back the £10k? If so, for how many years (if any) can you backdate this? In other words, based on Pish_Pash's question, can a company make a profit for a number of years, then make a loss for a number of years, and effectively get back the corporation tax previously paid?
SteLacca: The loss can only be carried back to the earlier 12 month period, and so after the first year loss, there's no where to utilise subsequent losses.
Lisa Thomas: Why not wash it through members' voluntary liquidation (MVL), claim the entrepreneurs relief, and live off the distribution instead?
We trademarked a business name after we couldn't get the domain name. The domain name isn't being used. Do we have any grounds to claim it?
fisicx: Nope. I had a big US corporation try to get one of my domain names and despite all sorts of legal threats, I was totally bombproof.
Nathanto: Absolutely none. One of the ‘grounds to claim it’ would be that they registered the domain to take unfair advantage of your name; however, as they had the domain before you had the name, that obviously could not possibly be the case. The only way to get it is to buy it from them.
macmacman: I had one reply from them saying ‘What's this all about?’ I think it's a person who doesn't really get domain names and how they work. She said something about the trademark. I think she believes she owns the trademark now she has the domain name, and that I am trying to scam her somehow. It's frustrating.
Mr D: That leaves you stuck then. Use a different domain.
I've been invited to speak at an upcoming business expo. Rather than stand up for an hour and provide a very boring overview of the business lending landscape, I'd like to make the seminars informative and exciting. Any thoughts or ideas?
Mr D: Perhaps show what funding can do for a business, and what options are available. My business is somewhat seasonal, so for me, I'd want either very short term funding for, say, three months, or else very long term, low-payment funding. Either one to fund business growth. Also think of the alternate lenders around now – Amazon and PayPal, I daresay there are others.
Clinton: Very few businesses even consider the inorganic route to growth. A strapline saying you can show them how to grow their business 500% in the next three years might have them sitting up and paying attention.
Gordon – Commercial Finance: You could try and educate people a bit about how not all debt is bad? The common perception is that businesses are better off if they don't have any debt and pay cash for everything. Demonstrate with a case study how leverage can result in different levels of growth rather than tying up capital in a single asset.
fisicx: Businesses don't want funding. They want more business. Funding is just one tool to get more business. Other tools included business efficiencies, reduced costs, better marketing, improved product lines and so on. Tell me how to get more bang for my buck.
Interested to know people's opinions on email clients they have used, using their own domain names? And whether they're all the same or some come with other benefits?
Alan: Gmail (Gsuite) – any device, anywhere cloud solution, with simply awesome search capabilities.
Mike Hayes: I use Airmail on desktop (Mac) and Outlook on mobile (Android).
Clinton: I can't understand the appeal of Gmail, I find it awful. I told two people this week, Gmail fans, that I'm not going to bother emailing them any more if they can't sort out their useless email. One was a potential client, but I don't care. I'm sick to the back-teeth of telling them to look in their spam folder.
ffox: Microsoft Office 365. The E1 plan costs £6.00 per user, per month. I use both the web client OWA and Outlook. There are no restrictions of what can be sent out unless the domain admin restricts the sending of particular things. The set allows for control over items containing national insurance numbers, swift codes and other material which could be sensitive. It also allows for domain-wide control over attachment sending. In addition, you get all the other O365 benefits.
That's all for this week – have a great weekend!
Thank You for sharing this stuff!
After all said and done, not all businesses or websites need to worry about it. Most small businesses will not be affected right?