Feeling Overwhelmed and Ready to Give Up An anonymous account I’m 30 years old and still living with my parents; I have no social life and have never been in a relationship. Four years ago, I started a manufacturing business after the previous venture I was involved in collapsed due to COVID lockdowns and strikes Read more…
Category: smallbusinessuk
Accounting period for small business
Accounting Period for Small Business Hello everyone, I’m looking for some quick advice regarding my small limited company. I incorporated my company in mid-January 2024, but I didn’t receive any income until March 2024. Since my accounts aren’t due for a while, I’d like some clarification on the accounting period. Is my accounting period considered Read more…
Selling 50% of my business to clear debt. What’s the best way?
I’m considering selling 49% of my business to help alleviate some debt, which is between £50,000 and £100,000. What’s the best approach for this? Here are my thoughts: Should the buyer provide the funds directly to me, allowing me to pay off the debts and have the balance on my own DLA? Alternatively, would it Read more…
Looking for help with inco terms and customs clearance.
Subject: Seeking Advice on Incoterms and Customs Clearance Hello everyone, I’m reaching out for some guidance regarding bulk purchases from Alibaba, particularly related to incoterms and customs clearance. Have any of you had positive experiences with sellers offering DDP (Delivered Duty Paid)? I’m curious about their reliability, especially since I worry they may not be Read more…
Breaking into the UK Rehabilitation Equipment Market: My Progress & Challenges – Seeking Advice!
Navigating the UK Rehabilitation Equipment Market: Updates & Request for Guidance! Hello everyone, I’m excited to share that I’m in the process of launching a business dedicated to selling rehabilitation equipment—including wheelchairs, electric wheelchairs, and walking aids—in the UK. I would greatly appreciate any insights, operational tips, or marketing strategies you might have to share. Read more…
Shopify vs Square for online and in-person
Shopify vs. Square: Finding the Right Fit for Online and In-Person Sales Hello everyone, I currently run an online store through Shopify and am considering opening a physical location. It’s important for me to maintain my online sales while also managing inventory effectively between both platforms. I initially looked into Square’s POS system but discovered Read more…
How Are Small Businesses Preparing for the April 2025 Wage Increases?
How Are Small Businesses Preparing for Wage Increases Set for April 2025? With minimum wage adjustments scheduled for April 2025, small business owners need to make necessary modifications to their payroll and budgets. Here are the key changes: The National Living Wage for those aged 21 and over will rise by 6.7% to £12.21 per Read more…
Cancelling Just Eat and got calls to verify my account and get it sorted. Reverse look up of number says they’re scam callers
I’ve decided to cancel my Just Eat account, but now I’m receiving calls to verify my information. A reverse lookup reveals that the callers may be scammers. This has left me feeling scared and anxious, especially since I provided them with my utility bill, date of birth, company number, and sort code—though I didn’t share Read more…
Lease renewal – commercial premises
Commercial Lease Renewal Notice We just received an email from our landlord informing us that our 6-year lease is set to expire soon. We would like to renew, and they’ve assigned an agent to inspect the premises. Could anyone share insights on what we should anticipate during this process? What is the purpose of the Read more…
Can we claim back any of the business rates paid after rateable value goes down?
Subject: Can I Recover Overpaid Business Rates After a Rateable Value Reduction? I operate a small restaurant in South-East England, and my current rateable value stands at £50,000. Since leasing the property in 2022, I’ve been paying business rates consistently. Unfortunately, I wasn’t able to access any relief for the first 1.5 years due to Read more…