billybob99 said:

The J stands for job. I'll let you guess what the B stands for.

Click to expand...

Better?

Maybe Quickbooks would be worth looking into
https://quickbooks.intuit.com/uk/pricing/

Thank you for your reply Gavin...much appreciated.

Did you do this via the FORM from HMRC ?

If you can't compete and do not have a solid plan (and a pile of cash) to get to the stage where you can compete with acceptable profitability, then you need to get out. Now.

RobRobRob! said:

The whole case just seems a little far fetched as they are suing for a figure that hasn't even been confirmed yet, in excess of 150k but the CMC figures were should the cost to take the case to court will be 220K on either side.

Click to expand...

They are clearly suing for general damages, which means that the loss is to be assessed by the court. This is an extremely basic principle of litigation. No disrespect intended to you, but as the posters above have said, YOU should not be dealing with this yourself. The fact that you are dealing with this, when this most basic piece of information is unclear to you, is astonishing. It is also a gift to your opponents.

I don't really understand what you mean by "the CMC figures were should the cost to take the case to court will be 220K on either side" but whatever that means, if they are suing for damages circa £150,000, their legal costs are going to £75,000-£100,000+ if they win.

My last position, before I started this business, was partner in a firm of solicitors. We had approx 30 full time litigators, and probably no more than 3 of them would be entrusted with a case of that size, and even then, they were rigorously supervised.

There are dozens of reasons why you should not only NOT be running this yourself, and probably as many questions as to why you are in this position, but the most pressing question is do you not have professional indemnity insurance, or some form of liability insurance, which covers this, and if so, why are your insurers' solicitors not dealing with this for you?

As far as the disclosure question is concerned, no-one here can reliably answer the question for you because no-one here has any sufficient knowledge of your case, and applications such as this are won and lost on specifics. I have made and defended numerous applications like this, and the applications are often heralded by an exchange of statements and evidence bundles totaling 100-200 pages. You need to stop wasting your time here and find a way to retain a firm of solicitors. If you haven't already looked into it, whatever insurance you may have is your first port of call.

Once again, this sounds harsh, and I mean no disrespect, but people do not just lose their livelihoods over cases like this, they lose their houses. I have seen it happen, but I have NEVER seen it happen to someone who was dealing with the case themselves. In fact when I first started reading this thread, I thought it was a joke!

I am sure it's not, but you appear to be in a state of denial or ignorance about the possible consequences of this litigation and you need to act now if you are to avoid this utterly ruining your life.

Good luck,

Dean

Similar to what people have suggested above - it may be worth contacting generic emails but there is possibly better ways to reach out, through facebook pages where you can message teams or through linked in - finding specific contacts who deal with this aspect of the clubs business.

I wouldnt be to dishearted though - it defintly isnt a waste of 4 months of work - things often don't go to plan in business, you just need to think creativly and be willing to adapt your strategy.

Im just starting out my ecommerce business, and have being looking into shipping options so this was really useful - thank you to everyone who contributed.

I would defintly encourage you to keep going - new businesses are really hard going, but it seems like you have a great concept and have gained some valueable tracktion so far. Keep pushing on.

why did you need a Magento site for a non e-commerce business?

Maybe

They get inspected, get their pants pulled down and their bottom smacked.

There is NO excuse for not being ready for this, it has been coming in for years.

Yes.

lesvatadvice said:

I would certainly consider registering for VAT. You are not required to account for VAT on services provided to non-UK customer

Click to expand...

Thankyou

Ali McGowan said:

Thanks, do I need to be showing my drawings in the written figures each year or not?

Click to expand...

If you are preparing a full set of accounts with a profit and loss account and a balance sheet yes you must include drawings.

AW Swindon said:

Hi

Mr D & AdaminReal.
I know what you mean, nowadays I get about a 1 in 4 reply success from filling in a contact form, how do these companies stay in business?

Please be assured that we will always reply to our contact us forms. Please let us know if we can help. (you could also send me a PM)

Regards
Alan (VA Distribution)

Click to expand...

Thanks.
May take you up on that later in the year.

I have never heard of unpaid directors being allowed EIS or SEIS relief

SITR relief, yes, but not EIS or SEIS

Most of these services use a company called Yodlee who are pretty much the only major player in this space. I use the FreeAgent bank feed reluctantly, as mentioned above it does put you in breach of your T&Cs although I'm satisfied with their security (especially as it has two-factor auth).

Hopefully over the coming year or two web scraping APIs like Yodlee will disappear as banks continue to roll out open banking services and APIs for online accounting packages and similar to use. I know FreeAgent is in the process of rolling out more open banking feeds (including Starling integration which is due soon).

Reminds me of recruiters who were targeted on phone time, they called the speaking clock or each other.

Click to expand...

I had a job with call time as a target. Monday morning, called up my good accounts and had a catch up on football. Friday morning, talking about the weekends football.

Champions league - mid week targets smashed.

We used to piss ourselves saying it is "building relationships" - easiest job ever... unless there was no football.

Robert Pigot said:

I thought you could easily avoid any issues by have a agreement where if they did any of the things you mention they have to compensate you and they won't get paid. So the incentive to not do those things is there.

Click to expand...

Compensate you how much?

Somethings spread like wild fire, and once online are there for an eternity. In some instances I don't think you could put a figure on the possible damage and repercussions.

Jeff FV said:

@Lucan Unlordly I don’t think the “qualifications” gained from doing the training will be of any value to her - it was all just generic H&S stuff and I doubt it’s transferable and any new employer will probably want her to do their version.

Click to expand...

Thanks for the update. I didn't realise it was an old thread!!

The process of going through an online training course and learning generic H&S stuff at 18 years of age will have provided some benefits whether transferable or not.

The higher spec the RR the more potential for electronic problems, they have a bad reputation for faults , seldom mechanical but more often electrical. People who spend upwards of £70K dont like one specker out of 8 or more not working properly

ps they dont have Chassis anymore they went out with the P38 i think and that was a monster problem with air suspension

You can propose that to them, but I doubt that they will accept

@IPS struggling here to work out why, if you have had a good year, you would choose NOT to pay an accountant to save you some tax!

Slightly repeating the prior post, regarding purchase of assets, you want to be purchasing in the current tax year to benefit from reduced tax in the current year. If you haven't understood that, you should definitely engage an accountant ASAP.