Recent content by AvantageBroker

  1. AvantageBroker

    Capital Gains

    thought so - thanks!
  2. AvantageBroker

    Capital Gains

    These are out of date - i think? But if the amounts were updated for this year, i assume what i said above is right? Edit - based on your highlight, i thought i had up to 4 years to declare these losses?
  3. AvantageBroker

    Capital Gains

    no - for this scenario, this would be a usual PAYE employee and not registered for self assessment.
  4. AvantageBroker

    Capital Gains

    Hi all, Can someone please confirm if this is correct - made up scenario Stock and shares - P/L 2022 - realized loss of 5k 2023 - realized loss of 5k 2024 - realized gain of 10k Not declared at any point - would someone need to declare to HMRC the gain of 10k (over the 3k threshold) as the...
  5. AvantageBroker

    Starting a indoor go karting business

    Its great to see that you are ambitious and want to start a business at such a young age. Like the others have said, I think your budget is far off. Dont let this stop you though; - Make a business plan including your estimations of all costs, research competitors etc - Go to banks, go to...
  6. AvantageBroker

    EMPLOYEE CONTRACT RESTRICTIONS - ARE THEY LEGALLY ENFORCEABLE IN TEH REAL WORLD?

    Restricted covenants are very common , particularly in my industry but have a mix results. They need to be precise and usually tied to location. I don't agree with some of the above which state that they are unenforceable because I have seen that not to be the case. However, you should liaise...
  7. AvantageBroker

    Website Feedback - revomark.co.uk

    on a computer it looks really good - very good UI. I havent checked on mobile but for me, this would usually be where i come into issues so i would check that on your end.
  8. AvantageBroker

    Too much insurance cover?

    I would be very careful with regard to your assumption that your D&O policy would automatically protect you. If you were to receive a claim that would ordinarily be covered under a PI policy then your D&O policy would usually exclude the same. Breach of professional duty or matters insurable...
  9. AvantageBroker

    Seeking Insights & Experiences with Recent Business Insurance Renewals

    Hi @fisicx, thank you for the welcome. I have seen many of the post from @Frank the Insurance guy and seems like a very knowledgeable Hi Frank, Thanks for the message! I didn't want to step on anyone's toes but I thought it would be good to have different insurance opinions/advises and to...
  10. AvantageBroker

    Jurisdiction when working with a client in the US

    Jurisdiction is not the only condition on a PI policy as geographical location of works would also be restricted to UK in your instance. Your insurer/broker will need to be notified of turnover generated from the USA as it most likely wont be covered. Therefore, if a claim were to arise from...
  11. AvantageBroker

    Protection as a Sole Trader

    Yes, If they sign personal guarantees, tax issues from government, fraud etc - Corporate Veil isnt what it used to be but LTD does sufficiently reduce your risk compared to a sole trader.
  12. AvantageBroker

    Self Drive Hire Insurance

    Have you tried Sentinel Solutions - they are self drive hire specialists and they only deal with SDH.
  13. AvantageBroker

    Protection as a Sole Trader

    oh i see, that makes sense. Good explanation The cases i have seen relate where a contractor removed their liability for the works carried out. There was a expectation that the contractor should have responsibility but this was building works so i appreciate software is very different. Thanks...
  14. AvantageBroker

    Protection as a Sole Trader

    Whilst this can work in many cases, courts wont always agree with contract agreements - look at Unfair Contract Act. I have seen many times whereby contracts absolving all responsibility have been declared unfair and were not then relied on. There are many circumstances that push this situation...
  15. AvantageBroker

    Protection as a Sole Trader

    Why would you not setup a limited company - it is very easy and can even pay companies to setup for you. This atleast gives you some protection.
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