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Business idea but need some help

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90Mike:
Andy300tdi -
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government funding for new businesses
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i like the sound of that, thats has definitely got to be worth a look, would be nice for the government to give us some money for a change  :twisted: cheers for the advice.

Edge - what kind of lady mags  ;)  ;) thank you very much for your support a true gent.

Boggert - i have replied to your pm mate  :)  ;)

90Mike:
lee celtic - oohh that sounds easy somebody else has recommended quick books for small businesses never took it too seriously but i must admit that it does sound tempting just to log your in and outs and then give it to the accountant to work his magic  ;)  ;)

v8kenny:
Don't bother going vat registered unless you think your turnover is going to go above the threshold - complicates things and you are just an unpaid tax collector
Local tax office will give you all the info you need re what you can and cant claim for
Consider doing your self assessment online as you can fill in your tax return electronically and they will calculate your tax bill/refund for you - saves paying an accountant for what will be fairly simple book keeping
Any return must be filed by the 30th of Jan each year or you will be subject to an automatic £100 fine - so if you started the business on 1st Feb then you would only have to submit your accounts by 30/01/09 - your tax bill would be due in two installments,  50% on 01/07/09 and 50% on 01/01/10
Car insurance - sd&p with business use wont cost you much extra
The Internet is your friend here - everything you need to know you will find on google - www.direct.gov.uk will give you all your tax answers
Go for it - I have been self employed for over 20 years and don't regret it at all

90Mike:
v8kenny -
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The Internet is your friend here
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tell me about it looks as though mud club is the only one i need with great people like yourself and the other members that have gave up there time to post on our problem we really appreciate eveyones help and comments, you have give the wife something else to do over the weekend thanks again

mike & nikki

graham:
Some good advice given in this thread  :)
My wife is disabled we have a local girl who does the heavy cleaning twice a week, she also takes away our ironing she is a real treasure she has done it for about 5 years now. We get on well she does a first class job and we pay her more than she wanted, if we go on holiday we still pay her, we want to keep her.
I'm posting this from a customers point of view, if you do a good job word will get around its not just the people with big houses there are lots of busy people out there, also disabled people with young families. My wife has MS its shocking how many young people who are being diagnosed with it.

We supply all the cleaning materials and she uses our vacuum all she has to do is turn up, i don't know if she has public liability I'm sure our house insurance will cover anything.
I run my own business the tax etc can be a bit daunting go see an accountant they will put you right and show you how to keep books, after you get the feel for it you may find you can do it on your own. Ask them to give you a price for the work and when you will have to pay your first tax bill.
If you want to expand the business and employ staff then you must get insurance and get the right people.
 Don't let the customers take advantage of you, charge them for all your time, if you have to go shopping charge mileage on top of your rate to cover wear and tear / fuel to your car. Those will you pick up my prescription on your way etc etc eat into your profits. Have a sheet with your charges to give out to customers that way there can bo no argument later.

Good luck with it I'm sure if you go about it in a business way you will be successful

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