Recent content by potato632

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    What do businesses do with their long term cash reserves and profits?

    I stick my spare cash in a Wise Business savings account Currently it's 3.32% return (after fees), calculated & paid daily - they use government-guaranteed assets and mention it 'may be' FSCS protected (lol) Money for no effort, better than it sat in a 0% regular bank account
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    Budget 2025 Overview

    That's a good point, people are creatures of habit so if they get into the swing of regularly going to supermarket X as it's open later than others, they'll likely visit it during the day too When an Aldi opened in a nearby town a few years ago, they said they'll petition the local council to...
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    Budget 2025 Overview

    You guys could be correct that it won't make much financial difference, but that's for businesses to figure out I honestly see no benefit to having Sunday Trading Act in 2025, the only thing it does is limit for no gain The days of Sunday being a family day are long gone for a lot of people...
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    Budget 2025 Overview

    Those are possibilities, with the law scrapped it puts the decision in business' hands Similar to how my local Asda changed to 24 hours, but decided it wasn't worth the effort Having extra hours for people to work is great for students/parents wanting more hours, and of course everyone else...
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    Budget 2025 Overview

    Yeah but the money earned above is a heck of a lot more tax and I lose £500/year savings allowance, it's not worth the effort, i'd rather sit at home or go live life
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    Budget 2025 Overview

    I'm not gonna try and say i'm clued up on all political and financial information, but from a layman I just don't understand how they are banging on about low productivity yet froze personal tax thresholds and increased dividend tax once more.. I understand it's a stealth tax, but common! As a...
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    Business account - which bank?

    I don't really agree with this Challenger banks can be under more scrutiny from regulators due to their rapid growth and newer compliance requirements With them being more tech-forward and modern systems, they have a greater opportunity of catching or preventing fraud as it takes place, since...
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    Business account - which bank?

    It seems a lot of people took my wording of "no one" using cards as literal 😅 just a figure of speech, in reality I meant way less people than thought It's always nice to see when older folks embrace technology and are open to learning new things! My mother's in her early 70s and tried using...
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    Business account - which bank?

    Did you specify Google or Apple pay? Which bank is it? I'd be surprised if you were unable to spend more than £100 using contactless on your phone!
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    Business account - which bank?

    The £100 contactless limit is for physical cards - Google/Apple pay has no limit It's correct that retailers are able to set a limit on Google/Apple pay but i've yet to find one In order to use Google/Apple pay, people are required to use biometrics or phone PIN so it's as secure or more...
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    Business account - which bank?

    Before covid i'd agree, but these days lots of people don't bother carrying any Once they're added in Apple Pay or Google Pay what's the point? There is no spending limit with contactless and it doesn't require any physical card to use once added
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    Business account - which bank?

    I'd go with a modern bank that has no fees and does not charge FX fees Mettle = free access to Freeagent which may or may not be useful Starling Monzo What I like about Monzo (and probably Starling) is that I can actually see my card number in the app, in case I need to enter it online...
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    Going back to Sole Trader? Companies House removing abridged accounts

    Wow that's a surprise If Companies House confirms it, i'll be glad they are not going ahead with public full profit and loss accounts but it's a joke if they are also dropping software filing requirements & paper filing ban under the guise of "reducing red-tape" Owning a LTD company should...
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    Going back to Sole Trader? Companies House removing abridged accounts

    I have looked at my full profit and loss accounts and compared them vs my abridged, the difference is night-and-day I'm not concerned about becoming bankrupt, I just want privacy that exists with abridged accounts There's nothing stopping people or businesses requesting full profit and loss...
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    Going back to Sole Trader? Companies House removing abridged accounts

    Yeah but I am a single director/employee so any money taken out is going to me whether it's salary, dividends, pension..
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