Category: smallbusinessuk

What’s the One Game-Changing Tool That Revolutionized Your Business? Hello, entrepreneurs! We all know that running a business can come with its fair share of challenges. Some days things click seamlessly, while other days feel like a scramble for last-minute solutions. For me, the turning point came when I discovered one incredible tool that rescued Read more…

Subject: Is Trustpilot Premium Worth the Cost? Hey everyone, I’ve gathered a few hundred reviews on Trustpilot for my business, which is fantastic. I noticed they have premium subscriptions that claim to provide extra features—sounds interesting. However, the starting price is £259 per month, which seems steep. I’m curious if anyone here has actually subscribed Read more…

Streamlining Hourly Staff Payment: An Automated Approach We have several employees who work on an hourly basis, typically logging between 30 to 40 hours each week, with their hours fluctuating slightly week to week. Currently, our payment process involves the following steps: Employees complete their timesheets on paper. Managers review and sign off on the Read more…

Exploring Alternatives to AFS in Asset Finance Hello everyone! I’m reaching out to see if anyone can assist me. Are there any other ‘broker in a box’ options available besides AFS? I’ve checked out their website (https://www.afsuk.com) and it appears they dominate that space. I would really appreciate any insights or recommendations. Thank you!

Is it possible to register a business even if I’m not ready to launch it yet? I currently work as a CAD designer for a construction company, but I’m planning to go freelance and potentially establish my own business in the future. I’m taking proactive steps to set up some side work and prepare for Read more…

Looking for the Best Business Bank to Manage User Permissions Hello everyone, I’ve recently hired someone to help with administrative tasks and would like to grant them limited payment capabilities. Specifically, I want them to be able to pay some of our existing vendors, but I don’t want them to have access to our bank Read more…

We are a registered non-profit community interest company and have a question regarding corporation tax on grants from foundations. Recently, we received an unrestricted grant of £10,000 from a foundation, which we plan to use entirely for our core operational expenses and activities throughout the year, without any intention of saving it for future use. Read more…

Why does running a small business often feel like being the world’s unpaid intern? There’s nothing quite like the “dream life” of clocking in 60-hour workweeks and still questioning if you can treat yourself to a takeaway. Meanwhile, your friends with their 9-to-5 gigs are griping about their “rough days.” Trust me, they haven’t experienced Read more…

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…

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…