Recent content by StartupDreamer

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    Personal Tax

    Hey, I’ve been in a similar position for the past few years. Your lose £1 of your personal allowance for every £2 over £100k, so staying under it using your pension contribution means you get the first £12570 tax free. You will be paying more each year because the tax code has been giving you...
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    Calculating tax exposure in Excel

    Thanks. Can you expand on this point please; - you talk about an 80,000 take home but when calculating the 'best' allocation between salary and dividends you need to consider corporation borne by the company, so it is best to start with an amount of pre-tax profit in the company and go from there.
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    Calculating tax exposure in Excel

    Hi all, I’ll start by saying I do have an accountant, but I’d like to be in a position of having a live spreadsheet forecast of my corporation & personal tax liabilities for my 2 person consultancy company. My current understanding is as follows; Corporation tax Revenue minus outgoings...
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    Startup business ideas?

    There are multiple TLDs, but I disagree about the value point. Dot com/co.uk add enhanced credibility, and nobody wants the same web address as another company with a different TLD due to the risk of verbal traffic going to the wrong location. As I said, ROI would be significant if you...
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    Startup business ideas?

    In the absence of a specific idea, I would look to sell the domain and see if you can generate a bit of revenue that way instead. From a quick search, there are 2.4m posts on Instagram with a #banter tag, and several accounts with banter used within their names that could probably commercialise...
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    Splitting SPV property assets

    Hi, Two shareholders each own 50% of a SPV, which owns 6 properties. The shareholders decide to go their separate ways, with each wanting 3 properties (which they agree on). If both setup their own SPVs, would capital gains tax be due, even if they haven’t sold for personal gain? Thanks
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    Product - customer misuse / wear & tear

    Hi, I have a relatively small clothing business that sells high end designer clothing. I sold a pair of Alexander McQueen trainers to a customer in December, and the customer has now been in touch to suggest the shoes are faulty. I have assessed photographs of the shoes, and they look to me...
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    UK to UK drop shipping tax implications

    Hi all, If I purchase an item from a UK high street store, then resell through my own online platform, would corporation tax be paid at 20% on the margin? I would pay VAT at source - would I also need to charge VAT on the full price of the item I resell or just on the profit? Finally, if I...
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    Trademarking & instagram

    Thank you for your comments. They seem to be offering goods in the same field but as far as I can tell, they are not actually registered businesses.
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    Trademarking & instagram

    Hello all, I have a relatively small business that is steadily growing and as part of my expansion plans I am keen to trademark names similar to my company. I will be seeking professional advice but in advance I was curious if similar names on Instagram hold any weight. For example: if someone...
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    Vote to split holding company from subsidiary

    Sorry it does, it should have said the holding company has 3 shareholders with equal shares, not each company...
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    Vote to split holding company from subsidiary

    Hi, My business currently has a holding company and two subsidiary companies, one of which is used for 90% of the work we undertake. We have 3 shareholders and directors, each with an equal share in all 3 companies. Would a majority shareholders vote (66%) be sufficient to split the main...
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    Director dispute

    Two have 65% combined vs 35% for the shareholder in question. In this instance I’d like to remove both the employee and director as only taking partial action will likely to cause further conflict. What does significant control actually do for the stakeholders if the directors make all the...
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    Director dispute

    Can you recommend a company who could support based on your interactions?
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    Director dispute

    On the audit point - if we suspect the director of misconduct through authorising inappropriate purchases from another company he owns, I take it we could treat the situation as you would with any other employee who was stealing?
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