Recent content by chiko930

  1. C

    Implications of allowing staff member & boyfriend to move our warehouse unit?

    My stock is very fragile (paper based) and I've had lots of bad experiences with fulfilment centres and third parties damaging it. I also have hundreds of SKUs and trust my stock manager completely to pack things up carefully in an organised way that will make unpack etc run smoothly.
  2. C

    Implications of allowing staff member & boyfriend to move our warehouse unit?

    I'll need to check my insurance properly, I don't think we do as we have basic insurance that covers everything done on site. That's a good idea, I can definitely specify a longer work period that can be finished early.
  3. C

    Implications of allowing staff member & boyfriend to move our warehouse unit?

    Wouldn't employing him be complicated and require an employment contract etc? Unfortunately I'm not in the country so can't hire the van, they would need to do so.
  4. C

    Implications of allowing staff member & boyfriend to move our warehouse unit?

    My partner and I have a micro-business where we do most of the backend and we have a lovely stock manager who takes care of the day to day runnings of the business (packing/shipping orders etc). We need to have all of our stock moved from one unit at a storage facility to another 5 hours away...
  5. C

    How easy is it to keep a Limited Company without an accountant?

    We no longer live in the UK and so will save considerable tax going the limited company route. Thanks for your reply. It's only £40 a month as they handle 2 other limited companies for us with a larger turnover which we spend a few hundred a month on. We will basically be doing the book keeping...
  6. C

    How easy is it to keep a Limited Company without an accountant?

    Because I'm not sure how much work would be involved. I have more complicated businesses that I use an accountant for but with only a few invoices per month, I would prefer to save £480 a year if it's easy and doesn't take much time.
  7. C

    How easy is it to keep a Limited Company without an accountant?

    I need to setup a limited company for a tiny consulting business with my wife as the only consultant and she will have only 1-5 invoices per month. She wants our accountant to sort everything out which will cost £40 a month. Does anyone know how easy it would be for me to do this instead and...
  8. C

    Customer with outstanding invoice going into liquidation - what should I do?

    Thanks for the reply. They haven't appointed liquidators yet, they have just said they're 'talking with' them so I'm wondering whether there is anything we can do in this short window of time before they do that? There is also the chance that they won't go into liquidation. But then, if I do...
  9. C

    Customer with outstanding invoice going into liquidation - what should I do?

    I have a stockist who owes £3k in unpaid invoices from December. I have been on their case since April and now they are saying that they are talking with liquidators. Does anyone know what the best course of action would be now? I assume that if they go into liquidation there is no way for me to...
  10. C

    Should we stop 30 day payment terms?

    This is super helpful thanks! Did you have to get them to sign a contract with the new charges or just email them? We have such a low profit margin and are struggling ourselves so can't afford the carrots but will keep this in mind for future businesses :)
  11. C

    Should we stop 30 day payment terms?

    That's a good point - I wonder if we shouldhave a contract in place that charges interest on late payments.
  12. C

    Should we stop 30 day payment terms?

    Until now, we usually allow one credit order and then that has to be paid before they can place another one. Good idea re: 14 days, thanks :) We've stopped credit for a couple of consistently late payers, it's more the ones that are going out of business that I'm worried about as that money's...
  13. C

    Should we stop 30 day payment terms?

    They're B2C, I sell giftware
  14. C

    Should we stop 30 day payment terms?

    I've seen a few posts from other small businesses on facebook saying they're axing 30 day payment terms because so many of their stockists are either struggling or closing and not paying their invoices. I run a small businesses that has around 200 stockists, most of which are small...
  15. C

    Tax implications for transferring stock - sole trader to ltd company

    I switched a sole trader business into a ltd company in January this year. During that tax year as a sole trader, I made around £48k profit so just below the higher tax rate threshold. I forgot that I had around £30k of stock when I went from sole trader to limited company. I know I need to...
See more
Top Bottom
Community
Articles
Menu