Hi, I plan on paying my van insurance (business use only) by direct debit monthly as it is more affordable for me at the minute.

The annual price without interest charge is £2046.13 but because i am paying it monthly the total price with interest charge is £2260.27

The monthly payments will be £174.64

Am i able to claim relief on the full monthly amount or will i need to deduct the interest charge each month ?


Thanks

I live in Uk, and i want start any business, anyone interested in partnership? please contact me if you interested and let's discuss business opportunities

Hi,
My business stopped trading a few months ago and I have managed to clear down all my debts except around £5000 which remains to be paid on Bounce Back loan.
I have now way of paying this now. Does anyone know what my options are, I would like to close the business down.
Thanks,
Simon

Hi there! I have a 2017 Fiat 500, I moved to a city for university and lived very centrally, so it has never made sense to keep my car with me and pay for the parking for it not to be used much. I was looking for a way of making extra money, nothing crazy but even £300 a month would be nice. The car was bought with cash and is just sitting at my parent's house, unused for almost all the year. We've been thinking about selling it, but I'm not too sure about my plans yet for after uni and if I would want to keep it. Just wondering if anyone has had any experience using peer-to-peer rental websites and what your thoughts are. I think Hiyacar seems like my most likely option. I thought if I did start this, I would bring the car to the city I live in and rent it from there as I know big cities are better areas for business for these companies, but I have some things I am unsure of

- where do you keep your rental car? Like paying permits for parking or where it is best kept?
- does it make money?
- has anyone had issues with the third-party insurance
- I heard people using trackers and kill switches
- what company do people recommend most
-and basically, is it worth it

As per the title.

What would be the correct HS code for exporting & importing trading cards e.g pokemon, yugioh & others.

When researching online, there are quite a few different answers to this.

Thanks!

Hi all,

We (two Directors) are wanting to close our limited company of 14 years, as it has never recovered from the COVID period... despite our best efforts.

We have an unsecured bounce back loan with circa £20K o/s, I think we have already paid back £20K, and a secured overdraft facility of £25K which we are NOT using. The situation is complicated by the following factors...

• We cannot afford to pay an IP
• The company is still trading, so no DS01
• Santander (bounce back loan) would be the only creditor... No HMRC or VAT etc.

I am looking for someone to help me try and navigate these choppy waters, legally and safely!

All and any advice is much appreciated.

I have issued court procedures against my commercial landlord who is also the Local Authority. I am confident(ish) with the case law, statutes etc. however, I have failed to send the evidence which I have. My initial particulars of claim was rushed and not the best! The judge stated I could apply to amend and also directed me to file an amended claim form from a Relief of Forfeiture to an N1.
My question is should I apply to further amend the claim form and the particulars of claim?
I feel like this would let me set out my claim properly with the evidence included.
I have also replied to the defence and counterclaim but again, I have not sent this with evidence as there is so much and I am useless with tech, should I just send the evidence for both the particulars of claim and the defence together or apply to amend the defence reply too?
I have filed a directions questionnaire and waiting for the next hearing date.
I feel I have a strong case to strike out the counterclaim based on a horrendous schedule of conditions report, an example of how poor it was is they identified I had an emergency exit at the rear of the premises, I don't, and took 6 separate to show exposed power supplies and electrical wiring left loose and poorly jointed to existing circuits - these pictures show speaker wires and all have labels on! None of the work that has been carried out by me (my contractor) has been raised as a concern, however, they have highlighted work or installations that were there previously as needing attention. The surveyor who completed the report works for the Local Authority and met with the professional who instructed him at the property when he completed the survey.
Any help at all would be appreciated however help with the court forms are a desperate plea!

Thank you all in advance

Need some advice please. I have been selling small Christmas decorations that contain Ferrero Rocher for the last few year with no issues.
I have been told legally I cannot sell them this year because they contain nuts and they are out of the packaging (they are still foil wrapped with labels on.
I have said I will put a sign on the table and put ingredients label and sell by dates on each one.
What are the rules on this situation please

Hi all,

I need advice. I run a hand car wash in a car park. My landlord sent me a notice to terminate my business and clear the car park. I have a Licence to occupy and one of the clause is "The Licensor shall be entitled to terminate the license to occupy prior to the expiry of the Licence Period in the following circumstances and at the following times - on not less than 30 days notice given by the Licensor to the Licensee at any time".
Termination is without prejudice to the rights of either party in connection with any antecedent breach of any obligation subsisting under this agreement.
He made the deal with another car wash so basically I'm forced to leave and in my place will run another car wash.
I have invested lot of money (canopy, road marks, fiber panels, foul sewer etc) and also I have a loan.
I already had legal advice from 2 lawyers and their answer was that I have to leave because this Licence is a strong Licence for landlord and if he is asking me to leave in 30 days I must to do so.
Is hard for me to think that I can't do absolutely nothing and someone else will take everything I've worked for in the last 10 years.
Please if I can have an advice.
Thank you.

What tools or platforms are you currently using to build and manage landing pages for your campaigns?

I have created a company a year ago but unfortunately the project never picked up. We never had transactions, bank account etc. I live abroad and have missed deadline for filming the yearly reports. I contacted companies house and sent a DS01 form. Will this be enough? I have extreme anxiety about this. The company has been inactive therefore there's anything pending. What should I do? Any recommendations? Any implications I could face?

Hi everyone I’m opening a delivery app that delivers local produce on demand, I’m just wondering how you’d go about getting stock, how much you would judge you’d need,without having any wastage? Has anyone started a perishable goods business before and if so how do they judge how much stock they need thanks jack

Hello all!

I am looking for some advice on how to legally structure a range of brands which will protect the trademark of each and make accounting as easy as possible.

I currently have a Ltd company which has a brand trademark attached to it, but I will be creating various more brand names/companies, all operating as e-commerce only, all selling in different niches. I want to be able to protect the brand trademarks should each individual company not be a success.

So I believe from what I've read so far I could have a parent / holding Ltd company with various trading names operating under that Ltd company, but will that protect the brand being used by each of these trading names should that company fail? And I'm assuming they shouldn't be run as sole trader businesses? Also, who should own the brand? Presumably the overarching Ltd company?

Look forward to hearing all your thoughts and experiences!

With so much emphasis on digital marketing, I’m curious to know how small and medium businesses are building brand trust this year. What tactics are you finding most effective in terms of not just attracting customers but fostering long-term relationships with them?

I’ve heard that strategies like content marketing, social proof, and authenticity in messaging are playing an even bigger role now. But are there other trends or approaches that have worked for your business? Have platforms like LinkedIn or organic social channels shifted how you approach trust-building with your audience?

Would love to hear your experiences!

Hi All, I started new job as Bookkeeper. We are buying a lot things from eBay. But eBay don’t provide vat invoice. I can see order total from eBay history. Can I download the order and take out vat value for posting. Please advise other solution. Thanks

Hi I have been selling on amazon fba for the last two years, till now I have been receiving the products, packaging and labeling them by myself and then sending them off to amazon's fba warehouse, however things are getting bigger and I wanted to know if anyone could give me advice for a good FBA prep center that would receive my pallets directly from the port ,package, label and send to amazon or other customers from other ecommerce websites.

Basically has anyone got a good fullfilment center with good service, prices and most important honest and trustworthy company.

Thanks

Hello everyone,

I'm approaching my company's first anniversary. For the context, the company was incorporated on 7 November 2023, which makes the ARD to be on 30 November, as per the CH's rules. It also should be noted that since its incorporation the company has been fully dormant (it just happened so, couldn't start real business). Nevertheless, I must file with both CH and HMRC to comply with the requirements.

Now, the deadlines:

- normally, if you are already trading, you have 9 months from your ARD for a private LTD to file its accounts

("Unless you are filing your company’s first accounts, the time normally allowed for delivering accounts to Companies House is:

• 9 months from the accounting reference date, for a private company" – source: CH's Accounts Guidance (can't post a link here, unfortunately).

The CH's Accounts Guidance, when referencing first accounts (my case), says further in the Deadlines section (5.2) that:

"If you are filing your company’s first accounts and those accounts cover a period of more than 12 months (my emphasis), you must deliver them to Companies House:

• within 21 months of the date of incorporation for private companies, or 3 months from the accounting reference date (whichever is longer)"

and a bit below:

"If the first accounts cover a period of 12 months or less, the normal times allowed for delivering accounts apply." (that is, 9 months from the ARD, I presume – the "normal" timeframe allowed for all companies).

QUESTION 1: What deadline is applicable in my case – 9 months or 21 months from my ARD?
QUESTION 2: Could anyone explain to me, how it is at all possible to have a period of more than 12 months? Or, for that matter, a period of 12 months or less?

My reasoning is this:
- Company incorporated on 7 November
- ARD is 30 November
- accounting period is for the time from 30 November previous year to 30 November this year

How can the period for which I'm filing the accounts be greater than the time, elapsed from 30 November last year to 30 November this year? Even if I do the actual filing of accounts within any of the 9 "normal" months allowed for a company, I am accounting for 12 months' financial period, am I not? Say, I will actually file in December this year or January next year. This does not change my financial period, right? I still will be reporting ANNUAL transactions which happened (or not happened at all in my case) from 30 November last year to 30 November this year, but not from 30 November last year to whatever date in December or January it is when I actually file.

Am I correct in my assumptions or I'm missing something? I apologize if this may seem dumb, but I come from the US LLC accounts filing environment, so I may really be missing something, and I will definitely appreciate any guidance here (and no, "Hire an accountant" replies will not insult me , though I would prefer a kind of explanation of what doesn't fit into my logical assumptions .

Thank you all who care to reply.

Hi
I have 2 invoices for goods paid from a company account. The name on the invoice is the director of the company, not the company itself. Unfortunately, there is no way to request a change to the invoice. How problematic is this for reporting to HMRC? I am not claiming a tax refund, the company is currently less than 15,000 pounds. I would be very glad to receive any answer.

Thank you

My partner and I run a small dog walking business and our turnover last year was £88k. We are being told by our book keeper that we should register for VAT even though we haven’t reached the threshold of £90k. Getting conflicting advice. We won’t be going over the threshold next tax year as we are running down the business. Any advice appreciated, thanks

Hypothetically speaking if I had a business of around 1500 shareholders and lots of shares still to be sold as we are still fund raising, could I run a subscription service with those subscribed being eligible to win monthly prizes of more shares?

Essentially the business has been operating but at a loss. The burn rate is quite high. The seed money is dwindling away. There’s prospects on the horizons but the nature of the industry means deals move slowly. This is all irrelevant to the question in hand but to provide some back story.

Instead of asking shareholders to keep putting their hands in their pockets to get us to the next milestone we are thinking of creative ways to get the seed money in so everyone wins. Naturally shareholders cannot be paid out until a profit is made and we won’t make a profit until we get another few contracts signed.

Usually it’s the same 100-150 shareholders who will dig deep and put money in. We are thinking of a subscription service of say £50 a month which prizes each month for 3 or so winners selected at random using a random number generator. If we had 1000 people sign up to that it would easily plug our expenditure for our burn rate and we could continue operations to get the business deals across the line.

For context the last deal took nearly 2 years from first sit down to money coming in. It’s just the way it is.

What’s the legality here? Is there a way this could work? Does each “subscriber” need to be given a fraction of a share? If we can’t give away shares can we give away cash, which could then be used to buy shares?

Are there any other ways we could raise funds for the long term?

Thanks,
Rhys

many years ago I read that being under insured on house insurance, meant if i needed to make a claim of say £100,000 but only had cover for £80,000 I could only claim for 80% of the £80,000 being that I only had cover for 80% of what I needed?!

maybe I am wrong, and the brain isn't what it once was

but if that is true would it be the same if I was insured for £120,000 and only needed to claim for £100,000 I was 'over insured' and so penalised for being over, in the same way I would be for being 'under insured' ?

Many thanks in advance

Hello Forum

We are a company with 3 directors, for tax avoidance we are thinking of making our wife’s joint shareholders. To follow the HMRC rules your spouse has to have voting rights. Can you place conditions on what resolutions they can vote on? For example, on the sale of the company. Would the HMRC see this as a restriction which would be against the rules?

Hi
I have a separate building on my property that was granted planning permission for a holiday let 18yrs ago.
I have never used the building as a holiday let since that time but have allowed my adult kids to use it as an annex nown again. (It is fully furnished with all facilities) the building shares utilities tapped off from the main house.
I have never paid additional council tax or business rates on the building since planning was granted 18yrs ago, nor have I notified anyone it was being used. Recently received a letter from council tax asking for occupation info on that building as they need to value it for business rates or council tax.
Obviously I would rather do neither, but as now it looks like I will be pushed, what’s best for me financially?
I have no interest in a holiday let, but could allow my 80yr old parents to use it permanently as an annex (but it doesn’t have pp to be an annex, does that matter? ) I also don’t want greedy council trying to sting me with backdated rates or council tax!
(I know if they band it for council tax as an annex, it will then be exempt from payment due to my parents being over 65)
Any real life advise or similar experiences appreciated.

I run a small independent gift shop and have recently gone VAT registered. Just wondering if it's the done thing to still follow brands RRP's to stay competitive or do businesses tend to mark items up higher than the RRP to cover the VAT? The problem is I don't want to be charging a higher price for items where other retailers stick to the brands RRP but I also don't want to shrink my margins. Any advice would be much appreciated!

We have received an offer for our business sale which we are currently considering. I am Company Secretary and have a Nissan Navara of which I am registered keeper. The Navara was purchased through the business and has no outstanding finance on it. My husband is Director and we wish to retain our vehicles. Both are commercial and haven't got vast values. Could my husband "gift" my Navara to me prior to the sale of the business going through? I know we are able to purchase them out of the business and corporation tax will be charged as a sale. I just feel we have worked for 30 years and have never been greedy in what we have taken out of the business financially. Would it be acceptable to receive my vehicle as a gift or would we need to buy it? I am just looking for the most tax efficient solution to keep my truck. Any advice would be much appreciated. This is a massive step for us. We do have a very good accountant but I don't want to keep bothering him when the sale isn't formally agreed yet. Many thanks.