Recent content by Janemorley74

  1. J

    Selling shares of my company

    Good morning, I am after some general advice. Please bare with me as I have autism and these might sound silly questions or be obvious. I started up a business during covid and it turned into a limited company then vat registered so doing ok. I have always wanted to do two or three things...
  2. J

    Selling a business with debt?

    Hi. Im looking to sell my business which has around 50k hmrc debt. With stock, assets, good turnover i could probably get around 95k for the limited company. Which i would pay off. However would it be better for a buyer to purchase the business from me for 45k and take on the repayment plan...
  3. J

    Advice please - Business Mortgages?

    Good morning. I am looking at starting up a holiday home business and wanted to know if it is possible to get a business mortgage. The idea is to pay off a mortgage by using holiday home rental income as well as income from managing other people's properties. The property I'm looking at is...
  4. J

    Input/output and Corp tax query

    Hi there. Just a quick question preparing accounts for tax year. My vat due is 50k and I'm reclaiming back 55k. This has happened two years in a row due to purchasing more stock. My question is with corporation tax. When is this due? Based on what? Thanks
  5. J

    Hampton Lovett Legal??

    Hi there. Has anybody had any success with Hampton Lovett Legal?. They said they can get my rates reduced but I needed to pay over £1500 upfront. I missed the deadline they set to pay and now want to take court action, ccj and debt recovery for a service ive not even had or started yet...
  6. J

    What if my VAT claim is more then tax due?

    Just reading the previous comment about VAT, (i didn't want to steal the post). It's already looking like this year I will be reclaiming more VAT then what would be due. My sales are looking like they will be around 90k, so 18k vat owed in vat. However I will be reclaiming around 22k. What...
  7. J

    VAT questions - can you reclaim on small things?

    I just want to ask what the different rates are for things? Freeagant has compiled this for me Turnover 337,292.54 0.00 Other income 3,000.00 0.00 Cost of raw materials and consumables (200,764.98) 0.00 Staff costs (55,065.37) 0.00 Other charges (79,696.61) 0.00...
  8. J

    Flat Rate: Retailing not listed elsewhere?

    Hi, What examples does this include? I have a business that offers many different products and services from retail, food, entertainment zone, etc This looks to be me, but how can i be sure? thanks Jane
  9. J

    Recovery / small debt recovery

    Hi there. I have a tech store that buys phones and sells them back on. I have recently had a number of phones come back blocked as the seller has gone on to report the device loat/stolen Leving myself out of pocket. I do capture ID. Is there a way /company that deal with reclaiming this...
  10. J

    Web site development recommendations

    Thanks for feedback. I saw this site. Brickweb.co.uk ? Thanks Jane
  11. J

    Web site development recommendations

    Hi there, Looking for some advice on web development companies that can build slightly complex sites but not over priced or who even offer payment options. I'd prefer not to use a company that uses WordPress style template sites, but their own custom formats. Any experience, recommendations...
  12. J

    Voluntary insolvency questions

    Hi, Sorry is this post repeats anything from others in the past. I own two businesses that operate from the same location. One was recently set up this year the other a few years ago. The first one is the one that's under threat. I have outstanding bounce back loan, supplier debts, hmrc...
  13. J

    Fear the worst

    So as you may know i have had a VAT compliance check and i believe the worst may now be a reality and i am unable to afford outstanding vat from three years. I think I am going to run in to trouble and i need to know what options are tyere for me as a director. Is the SpongeBob plan still...
  14. J

    Merchant banking vs Till roll discrepancies

    Hi there, I have been going through my till roll and comparing it to my merchant statements (money in bank by dates) not Z/X reports and there is discrepancies on each day vs the till roll. what is the best way to resolve this? - without going through every pdq card receipt that I have? is...
  15. J

    Refunds/exchanges vs sales ?

    thank you, so would a credit note be classes as refund? - until its been re spent?
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