Chat & Social > The Bar - General Chat
Business idea but need some help
90Mike:
lord shagg-pyle - thanks for the quick response yes she has already been crb checked and will carry the certificate around at all times to shown all the new customers thanks again
sleeplessparadise - thanks for the advice thats a big help that will give her something else to work on we did not think about insurance
richo:
Give the tax office a ring and they will send you a starter pack.
Then if i was you keep your own books and at the end of your tax year get a good acountant to do you tax side for you .The vat is not really important yet until you hit the max vat bracket which i think is about 55k turn over.
You can do a vat course as my mums done one as my dad had to go vat reg'd when he got past the most you can turn over before you have to be vat reg'd.
Keep it simple do your books on paper the first year to see how you get on .
If you are going to employ people it starts getting confusing.
Remember that the tax man will want his money so they will always try and help you understand your tax.
Get a good acountant thats the real key.
I have a old lady do mine and shes great.
90Mike:
muddyjames - thanks for the info mate we just thought we would add a little twist by supplying our own equipment, as regards to using the car we were looking at somthing similar to peugeot partner and citroen berlingo because you can still get these with the 5 seats which we need cause of the kids then we were thinking of getting the rear windows done with the logos the chance of her using mine is nil she refuses to drive it says its too big and wobbly plus i dont think the customers would be happy with the mud over their drive :lol:
budgie - cheers mate something else to do on monday she will be a busy bunny :)
90Mike:
richo - cheers mate
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Give the tax office a ring and they will send you a starter pack.
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why didnt we think of that :roll: sorry to be dumb but when you say about keeping our own books what is it we need to be logging down and claiming for obviously what we are charging, fuel and equipment anything else you can think of?
thanks again guys :) the help is really appreciated
Boggert:
To get a loan you will need to write a Business plan, now that sounds scary but there ate some good templates on the internet.
As for Tax, Its a doddle, just go self assessment, my wife runs her own child minding business and is self assessed.
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