Recent content by ScottKR

  1. S

    Self employed renter, I need a lottery win!

    To be honest, I don't really want to try and get a loan as I've got a really bad credit rating but I also don't want to go on benefits either but I have been given some help from an insider! I have it on good authority something is getting announced this week so I'll give you a shout after...
  2. S

    Self employed renter, I need a lottery win!

    Hi all, just having a bit of a moan here really unless someone can point out if I've missed something. My wife and I are the only partners in a non-limited company that has been going for 3 years and turning a profit of below the personal allowance (I only became a partner as of April 2019)...
  3. S

    Dropshipping from the other side

    We've had a few issues with shipping abroad but it's generally because I go through a broker to find the cheapest rather than ensuring the delivery company is contactable. I've seen a few Amazon sellers complain when their items are being re-sold on Ebay by dropshippers but my theory is, as...
  4. S

    Dropshipping from the other side

    That's something that had occurred to me, we all make mistakes and I would definitely forget to change the address on all of the orders! I've never heard of Transferwise but will have a look this morning. I'm quite nerdy when it comes to shipping abroad and tend to check about 10 different...
  5. S

    Dropshipping from the other side

    My wife and I manufacture and sell some items via Facebook, Etsy and Ebay and have just been approached by a dropshipper who is based in Spain. We sell all over the world but in very small quantities outside of the UK so to be able to tap into other markets in a bigger way would be great. I'm...
  6. S

    Another Partnership Query!

    You are a genius and a lifesaver this was the answer that I needed but just couldn't get my head round!!
  7. S

    Another Partnership Query!

    So am I right in thinking that the business doesn't pay any tax then?
  8. S

    Another Partnership Query!

    So for example, if the business made £30,000 profit and we split it equally, what tax would we be paying? Or more importantly for my understanding, who pays tax?
  9. S

    Another Partnership Query!

    I was going all hypothetical with the profit, there's no chance we'd be hitting the VAT threshold this year! We are basically a manufacturing company. Ideally I would like the software to be able to track our expenditure as we make a lot of small value purchases from several suppliers and as...
  10. S

    Another Partnership Query!

    My wife has been a sole trader for 2 years and I am about to become a partner in the business as of tomorrow with it being the beginning of the new tax year. I have quite a few questions regarding this. 1. As I do the book keeping, how many tax returns will I be doing next year? Am I right in...
  11. S

    Partner in a business or sole trader?

    I think you've made it clear for me, thank you!
  12. S

    my hermes - fuming

    I've tried all of the lower priced couriers and had issues with every single one. It's never been the guys at my end as when you're sending 20+ parcels a week, you get to know them well. My issues have always been when something goes wrong you are usually stuck with someone sticking to a script...
  13. S

    Partner in a business or sole trader?

    Thank you for the replies, been so busy doing the accounts I'm only just getting round to answering!! So I'm now in a slightly different position in that I can set up my own little business, with a small turnover and profit, therefore I would be a sole trader and enjoy the benefit of my...
  14. S

    Partner in a business or sole trader?

    I'm going to start this post with a caveat - I am not trying to avoid paying tax! I've recently given up work to renovate a property for my Dad to move nearer to me since losing my Mum earlier this year. I haven't taken any kind of wage and any expenditure is done by my Dad. My wife has her...
  15. S

    Shipping to the US and Australia

    Some good tips there, unfortunately every item I sell is painted to order so it would mean I would have to try and predict what orders I would get!
See more
Top Bottom
Community
Articles
Menu