Category: smallbusinessuk

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…

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…

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: 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 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…

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…

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…

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…

Seeking Advice on VAT and Tax for a New Business Owner I’m a counselor running a successful private practice, and a few months ago, I decided to expand by opening a clinic. With the help of an accountant, I registered for VAT and brought on some associates. After being underpaid for so long in my Read more…

Is it against the law to compete with my former employer if I know their pricing? I’m considering leaving my current job to launch my own consultancy. We have several pending projects on the horizon, but there are no formal commitments or contracts with the clients yet. Once I submit my resignation, would it be Read more…