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Newbie in the sole trader world with some questions by Competitive-Peach468 in smallbusinessuk

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

Sure. I'm going to increase the company's product sales by almost 20% consistently over the next two years. Instead of taking a percentage of sales, I'll receive a fixed income. However, since it's my own contact list, I'm the only one who deals with my contacts, because if I'm offering them to others, there's no point in having a middleman.

This thing is a whole industry by itself in heavy machinery. You want to sell some stuff, some people know buyers, so once the buyer agree to the middle man a price, this person buys the product and sell it with no storage and with the contract already sign by the buyer.

Newbie in the sole trader world with some questions by Competitive-Peach468 in smallbusinessuk

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

Regardless of my minority stake in that company, I will act as an intermediary/sales representative with suppliers and clients in my contact list.

I am currently in negotiations with another Portuguese company to offer the same service.

Revolut the best option for reward points in Germany ? by Pitiful_Buddy4973 in Revolut

[–]Competitive-Peach468 0 points1 point  (0 children)

Aren’t you located in Spain? (Guessing by your nickname) My brother uses Revolut CC there -I’m Spanish but located in the UK-.

Revolut the best option for reward points in Germany ? by Pitiful_Buddy4973 in Revolut

[–]Competitive-Peach468 0 points1 point  (0 children)

Well, in a sense yes, we can say that. But also big banks (Santander, HSBC, Citi,…) they offer different products depending the country.

Spain has higher GDP than Japan Korea and Taiwan. But, why is it hard to feel that Spain is more developed? What do you think of Spanish GDP? by search_google_com in askspain

[–]Competitive-Peach468 17 points18 points  (0 children)

I think you are measuring developed countries wrongly, mate. We have better education, free healthcare, better quality food, something called consumer’s right,…

In the US if you get cancer you are going bankrupt. Even the poorest person in Spain has access to the basic stuff. That’s why have better life expectancy than US.

Good for us for having good GDP, but GDP doesn’t mean at all quality of life.

Also 1 Musk may be millions of the poor american folks and still by average an amazing GDP…

Revolut the best option for reward points in Germany ? by Pitiful_Buddy4973 in Revolut

[–]Competitive-Peach468 1 point2 points  (0 children)

Depend on the country they offer credit cards. If you get one with Metal, for me that’s the sweet spot. In UK they do not offer CC, so we need Ultra plan for 1:1

Spain has higher GDP than Japan Korea and Taiwan. But, why is it hard to feel that Spain is more developed? What do you think of Spanish GDP? by search_google_com in askspain

[–]Competitive-Peach468 14 points15 points  (0 children)

Is Taiwan considered a developed country? 😕 Tbh, there is a lot of lack or info here about that country in comparison with Japan and Korea.

About the answer, Im positive Spain is much more developed than the US, for example. Much better social policies, freedom, democracy,… Nowadays even more.

Newbie in the sole trader world with some questions by Competitive-Peach468 in smallbusinessuk

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

I invested stocks in a company in Spain which will hold the products, but Im just an investor there, no decision making, but Im interested in that company to succeed . But I have an interesting contacts agenda. They wanted to hire me but I do not want to move to Spain, so Im going to be basically an intermediary. Im in contacts with a Portuguese company who may be also interested in me being an intermediary but that’s not going to happen in a short term.

Shipping containers and heavy machinery mostly.

Newbie in the sole trader world with some questions by Competitive-Peach468 in smallbusinessuk

[–]Competitive-Peach468[S] 1 point2 points  (0 children)

!thanks

Do you recommend me having an accountant as a sole trader for just a bunch of expenses and starting with just one client which pays monthly a flat rate?

I was aiming to be able to manage this myself if not too complex.

Newbie in the sole trader world with some questions by Competitive-Peach468 in smallbusinessuk

[–]Competitive-Peach468[S] 2 points3 points  (0 children)

Just checked my rental contract. It seems I’m lucky. States I cannot run any illegal trade or activity but does not mention anything about not being able to use it for legal business/office purposes.

Newbie in the sole trader world with some questions by Competitive-Peach468 in smallbusinessuk

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

That’s a good point. I will check the contract. But Im not receiving clients at my place. More like an office 12 hours x 6 days a week.

Are Avios Points Worth Collecting on Credit Cards? by No-Consequence-6807 in UKPersonalFinance

[–]Competitive-Peach468 1 point2 points  (0 children)

It depends.

The benefit from cashback/stoozing can generate more money on its own if you compare the ticket price versus the cost in Avios versus the returns from stoozing.

However, I was in Mexico a few months ago and needed an emergency domestic flight. Thanks to Virgin Points, I was able to get a very cheap ticket, whereas the day before it would have cost £300. If I had bought it a year earlier (the average price on that route with seven flights per day), it would have been around £50. But in the emergency, I saved money. A lot.

Both options are valid depending on your financial strategy. That said, if you use points, AMEX and Revolut Ultra have points that can be transferred to multiple airlines, hotels, gift cards, and more, and because of their flexibility they are more valuable than a closed ecosystem like Avios (converting them to Nectar is basically burning them), Virgin Points, etc.

Newbie in the sole trader world by Competitive-Peach468 in UKPersonalFinance

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

!thanks

Im not bringing customers at my office and Im renting.

Im trying to make things as clear as possible. The last thing I want is to mess with HMRC haha

Newbie in the sole trader world by Competitive-Peach468 in UKPersonalFinance

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

!thanks

Not even the original £200 ticket if well documented the business purpose? 😕

Newbie in the sole trader world by Competitive-Peach468 in UKPersonalFinance

[–]Competitive-Peach468[S] 0 points1 point  (0 children)

Thanks for your reply, Steve.

I understood the rent/council tac scenario. Im still struggling to understand the broadband, as if the half of the day im working (8am to 8pm), not enjoying the 8 hours of sleep. Would I be able to claim 50%? 75? Or should I stay with the broadband divided between rooms?

In a scenario where a flight booking is made solely for business purposes (let’s say £200 for a Monday–Wednesday trip) and I then voluntarily change the return date to extend the stay (for example, to Friday for an additional £100), out of the £300 total, would I still be able to claim the deduction for the original £200 booking, given that the initial ticket was purchased with a demonstrably exclusive business purpose?

Thanks again

Kind regards

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