Recent content by dafcjim

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    Selling a business

    Good afternoon, I’m looking for some advice regarding the sale of a business. I own a cake/doughnut business and have received an offer from a potential buyer. They’re interested in rebranding their existing stores under my business name. Their proposal is to initially purchase my current stock...
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    Selling a business with debts

    Hi there I had a question with regards to selling a business. If i wanted to sell a business with debts for a less amount is that possible? For example I have a bounce back loan, hmrc repayment plan ongoing. If i took that full amount off the listing price is this OK?. They would have to take...
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    Setting up a second business, same products?

    Hello, looking for some advice on this one if I can please... I am looking at setting up a sister company (my first one is six years old, vat registered etc). I'm selling items online via sale sites and instead of having to pay vat on my first business, looking to sell wholesale to my sister...
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    Rates - how to gwt them re valued???

    Hi. My business rate valuation is very high at 26k. I am in a location where it used to be a good location (prime) but there is a new complex which has seen all the shops relocate and left my part of the town the back end. This opened in 2020 so it's been five years. Is it possible to get...
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    VAT Penalties

    Hi, I have recently received a VAT penalty which I don't understand. It's the same amount t as what I owe in VAT for the period. I was late in registration for VAT but would this be why? How can the penalty be the same amount? Id understand if it was a 5% or 10% but a 100% penalty? I'm a...
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    Cheapest postage boxes

    Hi there. I just started a ebay store and wondered if anybody knows a cheap source of postage boxes?. Thanks Jamie
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    Best web site development

    Hi, I'm looking for recommend web development companies that custom build sites rather then use template website. I have used brick web before but prices are now 20k plus. Any to recommend ? Thanks Jay
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    Arcades - ticket redemption machines

    Hi there I wanted to ask if any knows what the situation is with Arcade's and the vat required. Is the threshold on these based on income? what VAT is due - this is for a ticket redemption arcade thanks Jay
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    Stock take Scanner / Systems?

    Can anybody recommend a stock take scanner that will automatically find a product via a barcode and allow quantity entry which can then be exported into a .cvs report? thanks Jimmy
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    Business rates advice? splitting

    I am in a simular situation to another user, did anybody have any ideas? looking at relocating to a new premises that has been split into two units by the new owner. 1) Would the rates for the new units be done before they are on the market? The new owner has made the units smaller and put a...
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    Business Rates

    as long as there is two different signages, payroll and nothing linking each business together other then directors, this should be fine. Best to keep all bills to each, so if sharing waste bibs, only bill one company. you may have one vat registered and one not. Obviously you would want most...
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    Stock Purchases - Bulk to sellers

    Hi there, I am soon opening a wholesale company (A) that operates in stock purchased from China. The stock purchased from the company is will be re-sold to other companies including one of my own retail outlets (B). VAT is recovered from the company A purchases but company B sells the stock...
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    Credit notes issued

    Hi there, I am wondering what the rules are around Credit notes being issued to customers. For example when a customer brings in a Phone to sell but wants in store credit. I offer them £200 as a credit note. It's not been spent, so it's £200 that's out there. How would this effect sales or...
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    Business mortgages?

    Hi there, Is it possible for a business to take out a mortgage? The unit that I am in has been listed by the landlord and is up for sale. I was wondering if it was possible for a business to take on a mortgage as i would be paying rent anyway? thanks Jay
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    Working out VAT (from supplier sheets)

    ok, I get that! - thank you!
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