Recent content by RobPickering

  1. RobPickering

    Accountants what you love and what you hate.

    I'm surprised no one else has said it, so I will: Learn to speak English, ie speak with language that a typical client can understand. I often end up as the translator. Not in issue with larger businesses, but for most Micro businesses, ie 96% of them, their annual accounts review is a time they...
  2. RobPickering

    Monzo or Revolut

    I'd recommend you also look at Allica Bank. They're a relatively new one but aiming to address the issues that many businesses have, eg good rate of return on positive balances and the ability to speak to someone who knows their stuff. I haven't yet changed but intend to do so as I'm with...
  3. RobPickering

    Considering starting 2nd Ltd Company.

    I think you’ve covered most of the issues and benefits. Tax advice should come from a qualified accountant who knows your personal circumstances, generic advice really doesn’t cut it. Strategically it really depends upon where you went to end up and steps along the way. From what you’ve said, a...
  4. RobPickering

    Stress.................

    You need to sit your boss down and have a serious talk to yourself. (Just make sure no one’s looking).
  5. RobPickering

    Suppliers trying to stop us selling their products on Amazon, but still allowing others to sell there

    If your supplier is based in the UK, then they are likely at serious risk of breaking the anti-competitive laws. A lot of people are unaware of how strict these laws are, or how major the fines. Take a look starting at the Government website that makes it clear they could have a fine up to 10%...
  6. RobPickering

    How difficult is it to sell a SaaS product to UK education providers

    My personal view, having worked in the sector from outside schools (and as a chair of governors at secondary level) is that you would seriously struggle to make a business out of this as a stand-alone product. I would recommend contacting a few of the SAAS HR software providers such as Breathe...
  7. RobPickering

    New EdTech Compliance Solution

    Hi, this might be something I'm able to advise you on, having worked in around the IT/Education market for many years. I have a few good contacts that might be interested to help. However, don't be under any illusion that this can be a long and difficult road. Just for fun, look on YouTube and...
  8. RobPickering

    Online clothing business with delivery?

    Hi Ana, As you guess, quality, consistency and price vary a lot. It can be risky to give specific recommendations, but having read all your messages here I'm very confident in recommending you speak to SP Workwear. They do both the embroidery and print in-house with their own equipment. They've...
  9. RobPickering

    One Limited Company - two business activities

    You're absolutely correct... @Doocote please disregard my response above, @Scalloway is correct, HMRC does indeed require separate reporting for Corporation Tax.
  10. RobPickering

    One Limited Company - two business activities

    No problem at all. You can also use different trading names if you’d like to. And while it makes good sense to set up separate codes for invoicing and expenses on each part of your business - so that you can better analyse and make decisions, there’s no legal or accounting obligation.
  11. RobPickering

    I'm looking for an accountant or bookmaker - not sure which is needed...

    As it's a self-employed tax return (not for an llp or ltd company) and you say you have just one expense and one income from it... it sounds as if it would be very simple to do your own self assessment tax return. An accountant would ask you about all the various things that might be out of the...
  12. RobPickering

    How much would this cost?

    I’m sure accountants will be delighted to give you an estimate, but the actual cost will depend upon the volume and complexity of the transactions. To just give you a very rough figure I’d suggest expect £2000 per year, but could be more. I assume you’ll be operating in more than one currency...
See more
Top Bottom
Community
Articles
Menu