Latest Q & A
Bad credit rating
I have been refused a business bank account due to bad credit history. At present I do not have debt other then my mortgage. What should I do?
Partnership or limited company
What are the advantages to a limited company or partnership?
Recovering a loan
I gave someone £5,000 as a business loan. What is my legal recourse for getting the money back without a contract?
Information memorandum
I have been asked for an ‘information memorandum’ but am struggling to understand how this differs from the business plan. Could you please advise?
re-employing staff
I had to make some employees redundant in April of this year. Business has now improved and I am able to take on more staff again. Can I re-employ any of my redundant staff in a new position?
Owner's salary
How can I increase my fixed salary when the business starts to make a profit?
Final warnings
Can I dismiss a member of staff on a final warning if I’ve taken over a business from someone else?
Invoices and receipts
Where the majority of my goods come from there is no invoice or receipt involved. How do I go about keeping the taxman happy?
Using subcontractors
Do I need to keep details of the subcontractors I use to avoid paying tax on their cost?
Reclaiming tax
Can tax be reclaimed from previous years if I have made a loss this year? And if I make a small profit, can I also use my tax-free pay to claim back tax from previous years?
Employment contract
What constitutes a contract of employment?
Sole trader
Is it possible to set up as a sole trader while still being employed full-time?
Collection fees
A supplier is threatening legal action for a collection fee added to our account. Do I pay or fight?
CRM software
I am looking for costumer relationship management (CRM) software. All I need is something to stay in touch with customers. Can you recommend the simplest loyalty software?
Employment contract
I have a member of staff who has worked for me for over two years but I have never given him a contract. How should I go about letting him go?
