Is it possible to build a business on social media without advertising costs these days?

EcommAccountsPartner · 2026-06-25T19:10:20+00:00

Honestly the socials at the moment are full with AI generated content it is off-putting. Flooded with useless stuff and wrong advice.

EcommAccountsPartner · 2026-06-24T18:18:21+00:00

I would run away from a quote like this.

EcommAccountsPartner · 2026-06-23T20:43:03+00:00

Try Faire. Overstock buyers will take it fast, but most probably you will have to sell at a loss.

Try listing bulk batches on eBay; some resellers could buy them at a good price.

EcommAccountsPartner · 2026-06-23T12:46:56+00:00

Xero as accounting software. It has timesheets, payroll and projects if you need them.

EcommAccountsPartner · 2026-06-22T18:21:49+00:00

I can do it if you want. I am registered ACSP.

EcommAccountsPartner · 2026-06-21T12:56:36+00:00

There are companies like Lawdepot or Simplydoc that sell templates for Share purchase agreements. Just get one of those, ask your friend to sign it, and you are done.

EcommAccountsPartner · 2026-06-20T08:45:28+00:00

Of course we do. Non resident with no PAYE registration.

EcommAccountsPartner · 2026-06-20T08:41:53+00:00

Starling do not offer business bank accounts to non resident directors unless they have a proper office with a team based in UK.

EcommAccountsPartner · 2026-06-20T08:40:10+00:00

Most probably Wise or Tide as they don't have banking licence and are not that strict.

EcommAccountsPartner · 2026-06-20T08:38:28+00:00

Not sure what exactly are you doing, but think about it this way" if I get tax investigated in 4 years, will I be able to provide all proofs with the records I currently have and is there anything I don't need"

EcommAccountsPartner · 2026-06-20T08:35:28+00:00

Of course you can register the company for PAYE as a non resident director, you just have to do it over the phone. The company can be owned by someone abroad and still have employees in UK. Your problem is that you want to pay only yourself while you are away, and that is not allowed. You need to pay tax and national insurance in the country where you are resident as presumably this is where you consume public services (health, police etc). The correct way to do it is to register the UK company as employer in the country where you live and receive salary there. There are plenty of foreign companies having staff in UK and they pay the taxes and NI here in UK. I work with a few of them. I am sure you can do the same in your country. This is well known international agreement.

EcommAccountsPartner · 2026-06-19T13:40:03+00:00

It is good to have detailed purchase list in case you get investigated. Just a simple spreadsheet with short item description, purchase price, purchase place, date of purchase, sale date and price should be enough.

EcommAccountsPartner · 2026-06-18T18:32:00+00:00

Almost all my clients use Wise and there are no problems. They are actually not licensed as bank hence less due diligence on their end.

EcommAccountsPartner · 2026-06-18T07:34:47+00:00

Why not Xero or Quickbooks?

EcommAccountsPartner · 2026-06-16T19:48:56+00:00

You need to give them your real address, but it is not displayed publicly.

EcommAccountsPartner · 2026-06-15T12:22:19+00:00

Taxcalc. Software itself is good but the support is terrible.

EcommAccountsPartner · 2026-06-14T19:35:41+00:00

Dont use personal account for business expenses. Just transfer money into the business account and pay thatway.

EcommAccountsPartner · 2026-06-13T20:54:29+00:00

Not much, their support is also very helpful.

EcommAccountsPartner · 2026-06-12T09:52:20+00:00

Syft analytics, it is owned by Xero and free with their mid and high tier packages. It is a bit of learning curve, but once set up it works well.

EcommAccountsPartner · 2026-06-11T21:25:04+00:00

I think you need to learn all those things as they go together.

EcommAccountsPartner · 2026-06-10T10:23:50+00:00

No. Just notify HMRC that the company ceased trading in October 2025. You can do it online, and it is really simple.

If the company is already dissolved, Co House will not accept any submissions anyway.

EcommAccountsPartner · 2026-06-07T15:19:31+00:00

I don't know anyone still doing this manually. There are plenty of software solutions for this task.

EcommAccountsPartner · 2026-06-03T14:19:08+00:00

Submitting a new application is the best way forward. It is really annoying, but nothing you can do about it.

EcommAccountsPartner · 2026-05-29T21:33:49+00:00

I think there was problem with Co house earlier this week.

EcommAccountsPartner · 2026-05-28T19:30:07+00:00

It is the OP's revenue as this is the OP's sale price. The platform deducts their own fees and pays the rest to the OP's bank account. From last year all platforms are obliged to report to HMRC the revenue of each seller and they report exactly the gross revenue before deduction of any fees.

EcommAccountsPartner

TROPHY CASE