Recent content by neilwallace

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    Commercial leasehold/freehold

    Many thanks Bill. I'll read this a few times to let it sink in.
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    Commercial leasehold/freehold

    It's initially for self use and then longer term investment after I retire. New build freehold would be the ideal option, but I need a unit close to home, and they stopped making land around here a long time ago!!! I viewed the unit today, and physically it's perfect. Obviously I need to get...
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    Registering for VAT

    It all depends on whether your customers are VAT registered. In simple terms, if they are, then it's best if you are, otherwise your 20% increased cost of sales which you will have to pass on can't be claimed back by the customer. Don't be scared of VAT, it's dead easy. However, you should...
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    Commercial leasehold/freehold

    I'm sure this must have been covered before, but I can't find a search option! Anyway, I'm looking to buy (via my pension) a commercial unit that has 974 years remaining on a 999 year lease. I've never bought commercial property, so forgive my ignorance, but would I be buying the bricks &...
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    Operating as both a Wholesaler and a Retailer

    Don't do it unless you absolutely can't avoid it - it causes too many headaches with distributors, and you will spend more time dealing with them than running the business. I'm speaking from personal experience here... I manufacture a very niche product that sells around the world. Because of...
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    More Bank of Scotland problems

    Is anyone else trying (and failing) to contact a human at the BofS? For 3 days I've gone through all the umpteen layers of the automated telephone banking to eventually get the option where you can speak to an advisor - then get a nice message saying "there is a temporary fault, please hang up...
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    Companies declining to provide names of managers/owners (how do I get around this)

    Sorry, from the other side of the telephone line, it doesn't make an ounce of difference whether they are liars or "professionals". Both call uninvited and try and sell stuff I do not want. It's as simple as that. The reason I take such an agressive attitude towards telesales? I work 12-14...
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    Companies declining to provide names of managers/owners (how do I get around this)

    Or alternatively you could just accept "no" as a final answer?
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    Companies declining to provide names of managers/owners (how do I get around this)

    Nuisances like cold callers you mean?
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    Companies declining to provide names of managers/owners (how do I get around this)

    Try cold calling me and see how many seconds you last. It's not being macho. When a cold caller interrupts my day and starts wasting my valuable time, they get nothing better than they deserve. It's worse than email spam. At least that's easier to delete than some smarta*se salesman trying to...
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    Bank of Scotland security update fiasco.

    Has anyone else been effected by the technical failure relating to internet banking security at BOS? For the past few weeks, we've been informed that security is going to be tightened. Instead of the old pass-code generator, we have now been supplied with a chip&pin card and a card reader...
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    How To Value My Business

    So that's 98.46% margin, but a markup of 1625%. Either way, I'm surprised that M&S are paying as much as 8 quid for them :eek:
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    How much do you earn from your business?

    The business makes shed loads, but personally I pay myself a very low salary and then me & wifey take dividends up to the 40% tax threshold. Some of the rest goes into a nice tax-efficient pension pot. I don't pay myself what I don't need. I would rather burn the profit on a bonfire than pay...
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    What was your personal reason for going into business?

    I was sick of working for idiots who had absolutely no idea about business and how to make money. They were more concerned with empire building and climbing up the greasy pole, even if it damaged the company! I'm now earning more than 10x the salary I was being paid, and I don't have to take...
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    What recession

    Clearly some folk have money to spend - and lots of it. I've just had by far my best month ever in the motorsport industry, and from what I hear from all my contacts, I reckon the sector is absolutely booming. There's nothing more "non-essential" than motorsport, so what's going on I don't...
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