Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: james peters on March 30, 2018, 09:28:20 pm

Title: Have you de - valued your business?
Post by: james peters on March 30, 2018, 09:28:20 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?
Title: Re: have you de - valued your buisness?
Post by: Stoots on March 30, 2018, 09:37:40 pm

Some use hot some use cold, some use a leccy reel some use a manual.

They all get the job done.

It's personal preference that's all.
Title: Re: have you de - valued your buisness?
Post by: mufcglen on March 30, 2018, 10:02:30 pm
I prefer hot to cold but I wouldn’t say I couldn’t do the job without it, I recently had to go back to cold after not draining my system down with the weather we had and it cracked the heater and for the 3-4 days without hot I didn’t enjoy it as much not feeling the warmth through the pole or the stiff hose but doing the job on the glass was fine although there was a few marks and bird poo’s that I know hot would have softened up quicker for an easier scrub!
With the reel too I would hate to go back to manual and same with recently buying an xtreme over an slx.
It’s just working efficiently for me, as Asda says every little helps😂
Title: Re: have you de - valued your buisness?
Post by: james peters on March 30, 2018, 10:14:09 pm
I prefer hot to cold but I wouldn’t say I couldn’t do the job without it, I recently had to go back to cold after not draining my system down with the weather we had and it cracked the heater and for the 3-4 days without hot I didn’t enjoy it as much not feeling the warmth through the pole or the stiff hose but doing the job on the glass was fine although there was a few marks and bird poo’s that I know hot would have softened up quicker for an easier scrub!
With the reel too I would hate to go back to manual and same with recently buying an xtreme over an slx.
It’s just working efficiently for me, as Asda says every little helps😂
Title: Re: have you de - valued your buisness?
Post by: james peters on March 30, 2018, 10:16:19 pm
great post. but it seems it was costly, and a bit of a pain?
Title: Re: have you de - valued your buisness?
Post by: Splash & dash on March 30, 2018, 11:01:12 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?




I don’t think that’s the case at all I was cold wfp for 10 years and did a very good job and had happy customers , I have been hot wfp for the last 4 years and still give the customers a first class job but hot is quicker dries faster and is far easier to work with especially in colder months , time saving on first cleans is huge as is plastic cleans and building  wash downs , those that have not used hot have no idear of the advantages they just talk without any experience it’s only when you use it day in day out that you notice a vast difference we use hot all year round at an aprox cost per week in diesel of £55-70 I can assure you I wouldn’t spend that if it wasn’t needed or didn’t make a difference, it payed for it’s self over and over again , salt, snail trails, bee pollen\poo , bird muck , algy, and general grime come off so much easier with less scrubbing less water less time taken , but I accept not everyone will want the extra expense or believe what I’ve said and that’s fine , but ask yourself why do ones spend thousands of pounds if it’s not needed or no good I would be the first saying save your money it’s a waist of time , I was very sceptical before having it but tried out a hot system for a couple of weeks and was amazed how much cleaner the frames were with the hot compared to the cold I was using and the customers noticed too , I wasn’t doing anything any different with my cleaning technique either , hot does do a better job quicker that’s not saying those that use cold are doing a poor job , it’s like comparing a Ferrari to a Ford Fiesta both will get to the destination but one will be a lot quicker than the other
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 30, 2018, 11:10:54 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?




I don’t think that’s the case at all I was cold wfp for 10 years and did a very good job and had happy customers , I have been hot wfp for the last 4 years and still give the customers a first class job but hot is quicker dries faster and is far easier to work with especially in colder months , time saving on first cleans is huge as is plastic cleans and building  wash downs , those that have not used hot have no idear of the advantages they just talk without any experience it’s only when you use it day in day out that you notice a vast difference we use hot all year round at an aprox cost per week in diesel of £55-70 I can assure you I wouldn’t spend that if it wasn’t needed or didn’t make a difference, it payed for it’s self over and over again , salt, snail trails, bee pollen\poo , bird muck , algy, and general grime come off so much easier with less scrubbing less water less time taken , but I accept not everyone will want the extra expense or believe what I’ve said and that’s fine , but ask yourself why do ones spend thousands of pounds if it’s not needed or no good I would be the first saying save your money it’s a waist of time , I was very sceptical before having it but tried out a hot system for a couple of weeks and was amazed how much cleaner the frames were with the hot compared to the cold I was using and the customers noticed too , I wasn’t doing anything any different with my cleaning technique either , hot does do a better job quicker that’s not saying those that use cold are doing a poor job , it’s like comparing a Ferrari to a Ford Fiesta both will get to the destination but one will be a lot quicker than the other


So what you are saying is you where slow and your quality wasnt the best when using cold, its training not hot water that
you need.
Plus how could you have been doing a first class job for 6 years using cold when the frames where much cleaner using hot to the point where your customers even noticed it ? lol.
Title: Re: have you de - valued your buisness?
Post by: windowswashed on March 30, 2018, 11:54:03 pm
Hot water speeds cleaning dirty frames and heavily soiled glass, no doubting it. normal regular cleans doesn't make much difference other than water drying quicker and removing bird muck, snail trails quicker. 
Could say the same  about brushes. I use boars hair bristles in the centre for extra scrubbing power and dupont nylon for easy glide on the outer rows of bristles.  Flocked brushes have more scrubbing power than single filament but trap dirt and clog up quicker. It's all boils down to cost and personal preference.
Title: Re: have you de - valued your buisness?
Post by: Soupy on March 31, 2018, 01:19:14 am
I've been at this since before wfp was nowt but a purified twinkle. A large part of the transition to WFP was the profit margin per window. Sure you can do more in a day buy with the margin squeezed by much higher overheads, there wasn't really an option.

Hot water increases the overheads and reduces the profit margin. If you can't charge more for it and you can increase production because of it, it's of no interest to me.
Title: Re: have you de - valued your buisness?
Post by: tony day on March 31, 2018, 06:43:03 am
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?
Look, if your doing house's every 4 week's then stick to cold. If your doing Schools, Hotels, with Builder's Cleans then get Hot.
Title: Re: have you de - valued your buisness?
Post by: PHILIP HARDY on March 31, 2018, 09:34:53 am
I work with cold pure water. I can use hot when I NEED to !

Look, if your doing house's every 4 week's then stick to cold. If your doing Schools, Hotels, with Builder's Cleans then get Hot.
I really like this response from Tony, It kinda hits the nail on the head,You get a lot of vested interests on this forum pushing the hot water systems (don't be naive), but my van does around £50K a year principally maintenance,  domestic work, a £5K investment + £2k a year running costs, would mean that the van had to up that to at least £53K a year for 5 years, to justify the outlay, never mind increase profitability, I am just not sure actual time on the glass warrants this outlay, whether its better/faster/more comfortable to use is subjective but if domestic maintenance work is your norm and you are already reasonably efficient with few to none complaints, then the figures for a hot water system don't add up.
Title: Re: have you de - valued your buisness?
Post by: NWH on March 31, 2018, 09:35:50 am
Once paid for its pittance per day to run a hot system the people disagreeing obviously haven’t had a hot system,not only does it produce better cleaning results on plastic frames as well as wooden it gives you the confidence it’s doing a better job and you need to spend far less time on the glass each window scrubbing the hot water litterally does the work for you.
Title: Re: have you de - valued your buisness?
Post by: NWH on March 31, 2018, 09:41:01 am
If a builder earns 50k a year his expenses are way way more than a WFpoler,what most people are saying is that laying out 3-5k fo a hot system will cripple there overheads lol I think they need to either start doing or getting more decent work tbh.
Title: Re: have you de - valued your buisness?
Post by: Shrek on March 31, 2018, 09:44:09 am
If a builder earns 50k a year his expenses are way way more than a WFpoler,what most people are saying is that laying out 3-5k fo a hot system will cripple there overheads lol I think they need to either start doing or getting more decent work tbh.

I think he’s saying that he’s doing 50k a year with cold perfectly fine, so there’s no need for him to get hot as it’d be a waste of money
Title: Re: have you de - valued your buisness?
Post by: Richard Stevenson on March 31, 2018, 10:05:27 am
I have the option of hot or cold. When I use hot I see little different in time spent on Windows, quality of work. The only time it works for me is when the temperature turns around the zero mark, it keeps me going.
Title: Re: have you de - valued your buisness?
Post by: P @ F on March 31, 2018, 10:22:47 am
I prefer hot to cold but I wouldn’t say I couldn’t do the job without it, I recently had to go back to cold after not draining my system down with the weather we had and it cracked the heater and for the 3-4 days without hot I didn’t enjoy it as much not feeling the warmth through the pole or the stiff hose but doing the job on the glass was fine although there was a few marks and bird poo’s that I know hot would have softened up quicker for an easier scrub!
With the reel too I would hate to go back to manual and same with recently buying an xtreme over an slx.
It’s just working efficiently for me, as Asda says every little helps😂
Not that im picky , but you could not be more wrong , its Tesco that say "Every little helps"   ;D ;D ;D
But you are right with the rest mate  ;)
Title: Re: have you de - valued your buisness?
Post by: mufcglen on March 31, 2018, 10:41:19 am
Haha doh!!
As we all know you can work with cold water, manual reel or even a heavy old fibreglass pole etc but its about working smart for me.
Having moved from an slx to an extreme this last month I find I’m earning a few quid more every day as I’m not as aching as much so want to stay out a tad more in the day, little things like that make a big difference for my body and my earnings too.
For what it costs to run hot water it’s money well spent in my opinion and I know some don’t like the cheap lpg heaters and that’s another story lol but £100 for a heater and a few quid plumbing it in line then £25 a bottle of gas every 3-4 weeks that’s peanuts for the money we make in this trade.
If anyone is struggling with that you seriously need to look at your prices😂🙈
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on March 31, 2018, 11:06:56 am
Hot water will  have its advantages. For one hot water will evaporate quicker, as its already at a higher energy state than cold water. So for working in hot sunlight, its surprising how well hot water..........you know what....i cant be bothered...its bank holiday...who cares..really.

Title: Re: have you de - valued your buisness?
Post by: P @ F on March 31, 2018, 11:15:21 am
See for me the hot LPG only goes in when its cold enough for the hoses to go stiff and i cant feel my pinkies anymore , i dont blurt to custies that "It cleans better" thus covering me for taking it out again when the temps come back up .
I dont want to spend money on gas if i dont need to , its a comfort thing for me , always has been .

As for poles , as much as i would like to try the Extreme , that little guy in the back of my head says no !

Reasoning is ......and im going on my scenario ......I use the SLX18 , its 990g and costs £228 all in , will last years , if i change to Extreme 18 its 760g and costs £492 all in , wont last as long and i will need to be gentle .

It would  cost me an extra £264 to save the weight of a bank bag of £1 coins , i just cant warrant that or afford it really , and i dont mind saying it because im not a willy waving earner  ;D

I dont blame anybody for owning one though , if it makes the day easier then have it , dont let me sway you  :D   
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 31, 2018, 12:32:21 pm
Once paid for its pittance per day to run a hot system the people disagreeing obviously haven’t had a hot system,not only does it produce better cleaning results on plastic frames as well as wooden it gives you the confidence it’s doing a better job and you need to spend far less time on the glass each window scrubbing the hot water litterally does the work for you.

Exactly, some will use additives some will use ppb filtering and some will use hot, if it gives you the confidence to go a little quicker and make a few quid more then it doesnt matter if it does anything real or not as it can still be money well spent, you do have to laugh at some of the silly claims you guys make though, lol.
Title: Re: have you de - valued your buisness?
Post by: Splash & dash on March 31, 2018, 01:02:43 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?




I don’t think that’s the case at all I was cold wfp for 10 years and did a very good job and had happy customers , I have been hot wfp for the last 4 years and still give the customers a first class job but hot is quicker dries faster and is far easier to work with especially in colder months , time saving on first cleans is huge as is plastic cleans and building  wash downs , those that have not used hot have no idear of the advantages they just talk without any experience it’s only when you use it day in day out that you notice a vast difference we use hot all year round at an aprox cost per week in diesel of £55-70 I can assure you I wouldn’t spend that if it wasn’t needed or didn’t make a difference, it payed for it’s self over and over again , salt, snail trails, bee pollen\poo , bird muck , algy, and general grime come off so much easier with less scrubbing less water less time taken , but I accept not everyone will want the extra expense or believe what I’ve said and that’s fine , but ask yourself why do ones spend thousands of pounds if it’s not needed or no good I would be the first saying save your money it’s a waist of time , I was very sceptical before having it but tried out a hot system for a couple of weeks and was amazed how much cleaner the frames were with the hot compared to the cold I was using and the customers noticed too , I wasn’t doing anything any different with my cleaning technique either , hot does do a better job quicker that’s not saying those that use cold are doing a poor job , it’s like comparing a Ferrari to a Ford Fiesta both will get to the destination but one will be a lot quicker than the other


So what you are saying is you where slow and your quality wasnt the best when using cold, its training not hot water that
you need.
Plus how could you have been doing a first class job for 6 years using cold when the frames where much cleaner using hot to the point where your customers even noticed it ? lol.




No I don’t need training , the reason after using cold for years that I and customers noticed a different is beacause hot cleans better fact ! Try washing your dishes with cold then use hot it’s not rocket science but it is a scientific fact hot will clean better than cold , that’s not condemning people who use cold but you will get a better finished result especiLy on UPVC frames using hot the only way you might get similar results with cold is by using a chemical such as virosol or similar but it will take considerably more time effort and water
Title: Re: have you de - valued your buisness?
Post by: dazmond on March 31, 2018, 01:06:05 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?

no mate THATS YOUR INTERPRETATION of what YOU think hot water users opinion have......most of us dont care whether you use cold tap water for cleaning windows....its personal choice....after all its your window cleaning round....

strange as it may sound but money isnt the only factor in making a decision when investing in my business......im already making a healthy profit and i can afford a few luxuries....

if itll make my day  more comfortable and the work i have scheduled easier to clean then im not bothered about the extra cost esp if its a safe professional installed water heater thatll last for a long time(10 years+).im thinking longer term than the next year or so....i also wanted some frost protection without having to remember to put a heater in my van overnight etc...

as for some things (like electric reels)ive not bothered with as i dont find reeling in very hard esp with having a very good quality fixed reel in my van.....and some days im only reeling in 2 or 3 times all day....

also xtreme poles (25 ft and under) used as every day poles i dont find too robust TBH so i use SLX 25s for my main poles and  xtreme poles for anything higher than 30ft....

IMO most of the guys that are constantly whining about window cleaners like me spending £4.5k on a hot system are just plain jealous because they themselves cant afford one....if money was no object most would have one installed tomorrow......
Title: Re: have you de - valued your buisness?
Post by: Splash & dash on March 31, 2018, 01:09:59 pm
Once paid for its pittance per day to run a hot system the people disagreeing obviously haven’t had a hot system,not only does it produce better cleaning results on plastic frames as well as wooden it gives you the confidence it’s doing a better job and you need to spend far less time on the glass each window scrubbing the hot water litterally does the work for you.

Exactly, some will use additives some will use ppb filtering and some will use hot, if it gives you the confidence to go a little quicker and make a few quid more then it doesnt matter if it does anything real or not as it can still be money well spent, you do have to laugh at some of the silly claims you guys make though, lol.




How can you comment on something you don’t have or use you are simply repeating what you have hurd which is not based on science or real world use
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 31, 2018, 01:58:36 pm
Once paid for its pittance per day to run a hot system the people disagreeing obviously haven’t had a hot system,not only does it produce better cleaning results on plastic frames as well as wooden it gives you the confidence it’s doing a better job and you need to spend far less time on the glass each window scrubbing the hot water litterally does the work for you.

Exactly, some will use additives some will use ppb filtering and some will use hot, if it gives you the confidence to go a little quicker and make a few quid more then it doesnt matter if it does anything real or not as it can still be money well spent, you do have to laugh at some of the silly claims you guys make though, lol.




How can you comment on something you don’t have or use you are simply repeating what you have hurd which is not based on science or real world use


I have a top of the range LPG on demand heater (designed to be installed in a campervan ) sitting in my garage next to my barely used Brodex alloy pole that I also used for a while until I caught myself on, as for science, it tells us that because of melting points hot water will clean/remove certain things better than cold water, fortunately for most shiners theres very little that we find on the glass and frames that needs to be melted to be removed.
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 31, 2018, 02:08:06 pm
(http://www.cleanitup.co.uk/smf/1522501651_dim.jpg)
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?

no mate THATS YOUR INTERPRETATION of what YOU think hot water users opinion have......most of us dont care whether you use cold tap water for cleaning windows....its personal choice....after all its your window cleaning round....

strange as it may sound but money isnt the only factor in making a decision when investing in my business......im already making a healthy profit and i can afford a few luxuries....

if itll make my day  more comfortable and the work i have scheduled easier to clean then im not bothered about the extra cost esp if its a safe professional installed water heater thatll last for a long time(10 years+).im thinking longer term than the next year or so....i also wanted some frost protection without having to remember to put a heater in my van overnight etc...

as for some things (like electric reels)ive not bothered with as i dont find reeling in very hard esp with having a very good quality fixed reel in my van.....and some days im only reeling in 2 or 3 times all day....

also xtreme poles (25 ft and under) used as every day poles i dont find too robust TBH so i use SLX 25s for my main poles and  xtreme poles for anything higher than 30ft....

IMO most of the guys that are constantly whining about window cleaners like me spending £4.5k on a hot system are just plain jealous because they themselves cant afford one....if money was no object most would have one installed tomorrow......

Nobody's whining we are just having a laugh at your expense, you paid £4.5k to get the same results that Nathan Kaye is getting
with a £30 immersion. lol.


Title: Re: have you de - valued your buisness?
Post by: Marc Stock on March 31, 2018, 02:46:48 pm
What shows a good business person is the ability to keep overheads as low as possible, whilst being able to extract a high profit from your customers, and deliver the best results possible.

Nothing wrong with using hot water, nothing wrong with using cold water. Spending £30 on a hot water system is a smarter business  decision vs paying 4k to do the same thing, no matter if you can afford to spend it or not.

I can imagine in a board meeting with sir alan sugar...

Sir Alan "You paid bloody 4k to heat some water??"

"Yes sir alan. We had the money to spend and it was state of the art"

Sir Alan :"The other team only spend £30...on a immersion heater...a wise use of budget. You blew 4k on yours to achieve exactly the same, is this amateur hour or what?? Who was responsible for this lack of foresight"

Well it was xxx sir, yes..." we wanted to impress you sir"

Sir Alan" oh yes i am impressed.....with the company that sold you a water heater for £4k.....maybe i should just fire the lot of you and recruit members from that company instead....you bunch of idiots...YOU ARE THE ONES SUPPOSED TO BE MAKING MONEY, not spending it..your fired.

Lol

 
Title: Re: have you de - valued your buisness?
Post by: windowswashed on March 31, 2018, 05:26:45 pm
I have a diesel hot water system but I rarely use it, think I paid 2k at the time. Yes it does clean better and quicker on first cleans  and for heavily soiled windows but I can't justify the daily running cost even using red diesel when warmish or even cold water is just as good. Bird poop comes off seconds slower with cold water and boars/hogs hair bristles using cold water instead of stiff nylon bristles using hot water so they're very similar. Stubborn marks come off just as easy with a gooseneck scraper or pad which takes seconds to use. Prefer to save the diesel running costs and buy things not associated with work for personal taste.
Why waste that money cleaning windows where the only noticeable difference would be if the customer comes home early and discovers their windows are already dry, rather have that money in my bank account or put to better use.  Rather put that money towards an electric reel with hose reel guides that would save considerable time and physical effort thus allowing more earning potential and security knowing van is locked whilst working on properties.
Title: Re: have you de - valued your buisness?
Post by: dazmond on March 31, 2018, 09:43:13 pm
(http://www.cleanitup.co.uk/smf/1522501651_dim.jpg)
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?

no mate THATS YOUR INTERPRETATION of what YOU think hot water users opinion have......most of us dont care whether you use cold tap water for cleaning windows....its personal choice....after all its your window cleaning round....

strange as it may sound but money isnt the only factor in making a decision when investing in my business......im already making a healthy profit and i can afford a few luxuries....

if itll make my day  more comfortable and the work i have scheduled easier to clean then im not bothered about the extra cost esp if its a safe professional installed water heater thatll last for a long time(10 years+).im thinking longer term than the next year or so....i also wanted some frost protection without having to remember to put a heater in my van overnight etc...

as for some things (like electric reels)ive not bothered with as i dont find reeling in very hard esp with having a very good quality fixed reel in my van.....and some days im only reeling in 2 or 3 times all day....

also xtreme poles (25 ft and under) used as every day poles i dont find too robust TBH so i use SLX 25s for my main poles and  xtreme poles for anything higher than 30ft....

IMO most of the guys that are constantly whining about window cleaners like me spending £4.5k on a hot system are just plain jealous because they themselves cant afford one....if money was no object most would have one installed tomorrow......

Nobody's whining we are just having a laugh at your expense, you paid £4.5k to get the same results that Nathan Kaye is getting
with a £30 immersion. lol.

An immersion is nothing like a professional installed diesel heater mate...also I earn a lot more money than you a year sean so I'm still quids in after heater expenses etc....
Title: Re: have you de - valued your buisness?
Post by: dazmond on March 31, 2018, 09:50:42 pm
What shows a good business person is the ability to keep overheads as low as possible, whilst being able to extract a high profit from your customers, and deliver the best results possible.

Nothing wrong with using hot water, nothing wrong with using cold water. Spending £30 on a hot water system is a smarter business  decision vs paying 4k to do the same thing, no matter if you can afford to spend it or not.

I can imagine in a board meeting with sir alan sugar...

Sir Alan "You paid bloody 4k to heat some water??"

"Yes sir alan. We had the money to spend and it was state of the art"

Sir Alan :"The other team only spend £30...on a immersion heater...a wise use of budget. You blew 4k on yours to achieve exactly the same, is this amateur hour or what?? Who was responsible for this lack of foresight"

Well it was xxx sir, yes..." we wanted to impress you sir"

Sir Alan" oh yes i am impressed.....with the company that sold you a water heater for £4k.....maybe i should just fire the lot of you and recruit members from that company instead....you bunch of idiots...YOU ARE THE ONES SUPPOSED TO BE MAKING MONEY, not spending it..your fired.

Lol

Don't give us the Alan sugar crap marc........ ;D

I've struggled along in this business for years and years.i no longer struggle and want decent equipment so I buy it!It's good for motivation/image as well as an easier working day... 8)
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on March 31, 2018, 10:04:55 pm
So Daz, i suppose the 4k on a decent heater setup is a good way to reduce your tax bill then, because by my estimations your looking at a liability of around 15 to 20 grand when you take payments on account into play with the sort of earnings you claim.

Say you earned 50k in self employment income, that's around 13k gone to the coffers. Not only is it simply not worth doing all that work for 36k after tax, you are looking at having to find 13k for your self assessment return, plus 6k for your 1st payment on account so thats around 20 grand your going to have to find on your personal tax liability.

I just dont get how its worth doing that kind of money as a self employed person so if you are, then splashing out on fancy pansy go faster striped water heaters will reduce what tax you have too pay at least, in addition to the new van etc. I still just dont get it though tbh

No offence  8)
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 31, 2018, 10:31:30 pm
(http://www.cleanitup.co.uk/smf/1522501651_dim.jpg)
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?

no mate THATS YOUR INTERPRETATION of what YOU think hot water users opinion have......most of us dont care whether you use cold tap water for cleaning windows....its personal choice....after all its your window cleaning round....

strange as it may sound but money isnt the only factor in making a decision when investing in my business......im already making a healthy profit and i can afford a few luxuries....

if itll make my day  more comfortable and the work i have scheduled easier to clean then im not bothered about the extra cost esp if its a safe professional installed water heater thatll last for a long time(10 years+).im thinking longer term than the next year or so....i also wanted some frost protection without having to remember to put a heater in my van overnight etc...

as for some things (like electric reels)ive not bothered with as i dont find reeling in very hard esp with having a very good quality fixed reel in my van.....and some days im only reeling in 2 or 3 times all day....

also xtreme poles (25 ft and under) used as every day poles i dont find too robust TBH so i use SLX 25s for my main poles and  xtreme poles for anything higher than 30ft....

IMO most of the guys that are constantly whining about window cleaners like me spending £4.5k on a hot system are just plain jealous because they themselves cant afford one....if money was no object most would have one installed tomorrow......

Nobody's whining we are just having a laugh at your expense, you paid £4.5k to get the same results that Nathan Kaye is getting
with a £30 immersion. lol.

An immersion is nothing like a professional installed diesel heater mate...also I earn a lot more money than you a year sean so I'm still quids in after heater expenses etc....

It does the same thing as your professional installed heater which is supply hot water, your earnings remark was childish and funny. lol.
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 31, 2018, 10:36:14 pm
What shows a good business person is the ability to keep overheads as low as possible, whilst being able to extract a high profit from your customers, and deliver the best results possible.

Nothing wrong with using hot water, nothing wrong with using cold water. Spending £30 on a hot water system is a smarter business  decision vs paying 4k to do the same thing, no matter if you can afford to spend it or not.

I can imagine in a board meeting with sir alan sugar...

Sir Alan "You paid bloody 4k to heat some water??"

"Yes sir alan. We had the money to spend and it was state of the art"

Sir Alan :"The other team only spend £30...on a immersion heater...a wise use of budget. You blew 4k on yours to achieve exactly the same, is this amateur hour or what?? Who was responsible for this lack of foresight"

Well it was xxx sir, yes..." we wanted to impress you sir"

Sir Alan" oh yes i am impressed.....with the company that sold you a water heater for £4k.....maybe i should just fire the lot of you and recruit members from that company instead....you bunch of idiots...YOU ARE THE ONES SUPPOSED TO BE MAKING MONEY, not spending it..your fired.

Lol

Don't give us the Alan sugar crap marc........ ;D

I've struggled along in this business for years and years.i no longer struggle and want decent equipment so I buy it!It's good for motivation/image as well as an easier working day... 8)

What your actually saying is you now have a few quid in your pocket and haven't a clue on what to do with it, understandable.
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on March 31, 2018, 10:44:02 pm
Somebody on here (cant remember who ) came out with a very good post a while back which read, some people treat window
cleaning as a hobby, couldn't agree more.
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on March 31, 2018, 11:21:22 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.





Title: Re: have you de - valued your buisness?
Post by: dazmond on April 01, 2018, 12:20:48 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D
Title: Re: have you de - valued your buisness?
Post by: Stoots on April 01, 2018, 01:05:15 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.


I think you are right marc

But also i can see it from the point of view of a sole trader who doesnt want to grow.

This job soon gets boring and buying a new van, brush, pole, heater etc keeps it interesting, which is why these guys do it.

which is fair enough.
Title: Re: have you de - valued your buisness?
Post by: P @ F on April 01, 2018, 01:36:53 pm
^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .
Title: Re: have you de - valued your buisness?
Post by: Stoots on April 01, 2018, 02:40:10 pm
^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz

Title: Re: have you de - valued your buisness?
Post by: nathankaye on April 01, 2018, 08:28:12 pm
^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz

Lol, you could be right.
After cleaning windows for some years it does get a little tedious. Thats what i love about wfp, I think I upgraded at the right time for me as it bought a new lease of life to it. Now going into the third year its even better and ive always tinkered with things to get the best from it and so i can combine this with my work.
Im not interested with the stress of emoloying, did that when I was trad and I can do without added stress at the moment with other stuff I have going on.
But cleaning windows in comfort n ease is great and why not share some ideas in the process. Albeit theres hundreds if youtube vids on the subject
Title: Re: have you de - valued your buisness?
Post by: Splash & dash on April 01, 2018, 08:58:33 pm
If it were only sole traders buying these  very expensive and unnessasary heaters manufacturers wouldn’t produce them as it would be a very small market and not cost effective, Grippatank, Varitech , pure freedom and all the other firms fitting them do it to make money , and yes they make lots selling them , I think in a few years time hot systems will be the norm , air conditioning in cars used to be an expensive option now it’s generaly standard figment in Evan base models hot systems will be the same , ionics openly say that the vast majority of systems they sell are hot and they supply some very large window cleaning company’s with systems all over the world , weather you like or hate ionics it cannot be denied that they are market leaders when it comes to system sales , it’s up to us as window cleaners weather we buy them or not but sales figures are a proven fact that more and more are going down that route
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 01, 2018, 11:23:46 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)
Title: Re: have you de - valued your buisness?
Post by: Splash & dash on April 01, 2018, 11:58:07 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)




I have to say it’s a very tidy looking van , but with what you are earning you must be paying huge amounts of tax and driving round a relatively old van why not invest in a new one with a new system put it against your tax you are then benefitting from your hard work rather than the tax man , I did exactly the same as you for years my accountant said I should should buy all new stuff to reduce my tax bill and he was right when I finally bit the bulit I can now see that I should have done it years ago , no disrespect mark but how do you manage to have the customer base and charge what you do with the system you have in the back I would be embarrassed to show my customers that , please dont be hurt by that Ime not criticising you , I just struggle to get my head round it , I have several large commercial jobs and some very wealthy customers domestic jobs that I do that have asked to see in my van and explain how it all works when they see a professional set out van they start to realise that windowcleaning isn’t just a low payed job but rather a skilled professional occupation and then they don’t quibble at the price , by the sound of your pricing structure you are far dearer than me I can do it with two vans so Ime sure you could do the same very easily , onece again please don’t think I am finding fault with you Ime not I just don’t understand how someone who is successful in buisness as you oviously are uses kit like that and gets away with it in affluent areas , I do genuinely wish you all the best with your buisness building but please inprove your van layout. 😂😂😂😂
Title: Re: have you de - valued your buisness?
Post by: G Griffin on April 02, 2018, 12:05:21 am
^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz
That's quite perceptive, Adam.
I've always thought Daz and Nathan reminded me of each other. Both likeable chaps that take window cleaning seriously but with very different personal lives. Their personal lives probably dictate how they heat their water.
Who really cares?
It's all relative.
Title: Re: have you de - valued your buisness?
Post by: KS Cleaning on April 02, 2018, 01:04:30 am
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)




I have to say it’s a very tidy looking van , but with what you are earning you must be paying huge amounts of tax and driving round a relatively old van why not invest in a new one with a new system put it against your tax you are then benefitting from your hard work rather than the tax man , I did exactly the same as you for years my accountant said I should should buy all new stuff to reduce my tax bill and he was right when I finally bit the bulit I can now see that I should have done it years ago , no disrespect mark but how do you manage to have the customer base and charge what you do with the system you have in the back I would be embarrassed to show my customers that , please dont be hurt by that Ime not criticising you , I just struggle to get my head round it , I have several large commercial jobs and some very wealthy customers domestic jobs that I do that have asked to see in my van and explain how it all works when they see a professional set out van they start to realise that windowcleaning isn’t just a low payed job but rather a skilled professional occupation and then they don’t quibble at the price , by the sound of your pricing structure you are far dearer than me I can do it with two vans so Ime sure you could do the same very easily , onece again please don’t think I am finding fault with you Ime not I just don’t understand how someone who is successful in buisness as you oviously are uses kit like that and gets away with it in affluent areas , I do genuinely wish you all the best with your buisness building but please inprove your van layout. 😂😂😂😂
Personally I wouldn't give a flying, you know what, to what customers thought of my van, and I dare say they don't really give a flying .... either, I'm sure they are more concerned about the service they receive.  Some people get what they think is a half decent van then think that gives them  the right to slag off others who don't see a newish van as a priority. Window cleaning snobbery!  who'd av thought it eh!
Title: Re: have you de - valued your buisness?
Post by: mufcglen on April 02, 2018, 08:06:10 am
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)

Any pics of your system pal, never seen a 600 in an connect?
Title: Re: have you de - valued your buisness?
Post by: Dry Clean on April 02, 2018, 08:09:19 am
If an accountant tells you to spend to save on tax then get a new accountant, spending a pound when not needed to save 30p
is stupid.

Title: Re: have you de - valued your buisness?
Post by: Stoots on April 02, 2018, 08:23:56 am
^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz
That's quite perceptive, Adam.
I've always thought Daz and Nathan reminded me of each other. Both likeable chaps that take window cleaning seriously but with very different personal lives. Their personal lives probably dictate how they heat their water.
Who really cares?
It's all relative.

That's also quite perceptive. I agree I think their personal lives probably do have an influence on how they go about things. That's quite a deep level of insight there I hadn't considered the underlying reasons for their choices.

Still, I think my observations have some merit.

And for the record Daz and Nathan are two of the friendliest chaps I have come across on window cleaning forums.
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 09:15:25 am
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)

Any pics of your system pal, never seen a 600 in an connect?

Ok i will get some pics later on today. Beware though, there are no fancy decals or blue neons, so clearly....my window washing ability is severely handicapped... ;D ;D
Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 09:15:47 am
Just wondering Marc - what do you actually invest your profit on? In another thread , you said you turnover nearly 50k , you and your Mrs take a small wage and the rest is re invested into your business- apart from a van + system & advertising, what else is there to invest it on? 
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 09:56:16 am
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.  (now removed as post has fulfilled its purpose)
Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 09:59:24 am
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy.

Here have a look at my profit and loss statement.

Well done mate , 4K on use of Home? I think my bloody accountant only puts through a bit of my gas & electric bill!! Lol
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 10:02:09 am
Yes but i rent. And you can claim upto 30 percent of your household bills if you use it. So 30 percent of my square footage is approx what i use for office, van space, and static tanks in garage.
Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 10:05:43 am
Yes but i rent. And you can claim upto 30 percent of your household bills if you use it. So 30 percent of my square footage is approx what i use for office, van space, and static tanks in garage.

Ah ha I didn’t know that, cheers pal
Title: Re: have you de - valued your buisness?
Post by: andyM on April 02, 2018, 10:42:55 am
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Hi Marc can I just ask how the "Travel and subsistence" costs are accounted for? Cheers
Title: Re: have you de - valued your buisness?
Post by: P @ F on April 02, 2018, 11:17:02 am
^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz
That's quite perceptive, Adam.
I've always thought Daz and Nathan reminded me of each other. Both likeable chaps that take window cleaning seriously but with very different personal lives. Their personal lives probably dictate how they heat their water.
Who really cares?
It's all relative.

That's also quite perceptive. I agree I think their personal lives probably do have an influence on how they go about things. That's quite a deep level of insight there I hadn't considered the underlying reasons for their choices.

Still, I think my observations have some merit.

And for the record Daz and Nathan are two of the friendliest chaps I have come across on window cleaning forums.

If you ask me they are a right pair of plonkers .
One has far too much money and the other has far too much time  ;D ;D ;D ;D ;D ;D    ;) ;)
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 11:23:30 am
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Hi Marc can I just ask how the "Travel and subsistence" costs are accounted for? Cheers



Yes of course.

This is business related costs for sundry items.

When you have a business meeting, (something you need to do by law as a ltd company to discuss dividend allocation etc) you can claim costs if you hold your business meeting in a cafe or resturant. So for us, me and the missus would hold a meeting to discuss business matters over a coffee and sandwich, or a  business meal. You have to record the meeting by taking something called minutes, but as long as the subject matter is business related then its ok.


Title: Re: have you de - valued your buisness?
Post by: nathankaye on April 02, 2018, 11:29:02 am
I wish i had plenty of time, even with a sleeping disorder and doing bits of personal stuff early hours of morning and theres still not enough time in a day.

But i think people can tell from the vids that they are quickly put together with no editing as they are quickly done in between jobs, rather than the need to race between one job and the next. 
Lifes stressfull enough when you have a family and aging parents and then theres just life haha. So work is now a fun/interesting again for me and an escape for a small period of time in day.  Lol work is an holiday in comparison to everything else i have going off.   Lol im sure im not the only one
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 11:47:04 am
I like everyone on this forum apart from....

Nahh only joking.  ;D

Daz seems like a nice fella really. At the end of the day we are all nice friendly fellas really arnt we. We might not agree on everything, and people have different opinions and priorities but it would be a very boring forum if we all agreed the same.  ;D
Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 11:56:25 am
It would be handy to know as much as you do about tax Marc , I just put my receipts in a folder all year round then hand it to my accountant. I haven’t got a clue and don’t wanna mess it up !
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 12:06:25 pm
Ahh yes well thats the difference. You see most accountants for self employment are simply book keepers.

I havent acted on any of my own understandings. I employ a tax advisor and chartered accountancy firm to do all my tax related stuff.
Title: Re: have you de - valued your buisness?
Post by: Lee Burbidge on April 02, 2018, 12:25:24 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?

I have hot water, I think we have used it once in a year :)
Title: Re: have you de - valued your buisness?
Post by: P @ F on April 02, 2018, 12:30:56 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?


I have hot water, I think we have used it once in a year :)
Thats because you never clean any windows Lee , you are always out shooting movies  ;D
Title: Re: have you de - valued your buisness?
Post by: Lee Burbidge on April 02, 2018, 12:32:07 pm
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?


I have hot water, I think we have used it once in a year :)
Thats because you never clean any windows Lee , you are always out shooting movies  ;D

PMSL   ;D
Title: Re: have you de - valued your buisness?
Post by: andyM on April 02, 2018, 01:10:00 pm

Yes of course.

This is business related costs for sundry items.

When you have a business meeting, (something you need to do by law as a ltd company to discuss dividend allocation etc) you can claim costs if you hold your business meeting in a cafe or resturant. So for us, me and the missus would hold a meeting to discuss business matters over a coffee and sandwich, or a  business meal. You have to record the meeting by taking something called minutes, but as long as the subject matter is business related then its ok.

Ok thanks for that Marc.
I'm a sole trader and do my own accounts so none of that applies to me unfortunately.
I didn't think I was eligible to claim for that, and now I know I'm not.
Cheers
Title: Re: have you de - valued your buisness?
Post by: dazmond on April 02, 2018, 01:56:39 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)

if you have  a 600l tank its well overweight marc with a full tank.......
Title: Re: have you de - valued your buisness?
Post by: dazmond on April 02, 2018, 02:09:38 pm
marc yours is a T200 which has a 625kg payload..... ::)roll
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 02:10:17 pm
marc yours is a T200 which has a 625kg payload..... ::)roll

I dont fill it up to the max. Usually around 475- 500 litres max. Its still enough for the day.

I went for a bigger tank because a smaller one filled to 450 litres sloshes out the tank cap and floods the front drivers footwell.

Title: Re: have you de - valued your buisness?
Post by: dazmond on April 02, 2018, 02:39:12 pm
just my opinion but i think a 500L tank in a van with at least a  900kg payload(mines 936kg) is required to be within the weight limit when you take into consideration your own weight,tank frame/fuel/ladders/batteries/pumps/poles/toolbox/reels etc,etc.....

sorry marc your van Is NOT SCRUFFY just untidy inside.......i hate untidiness! ;D
Title: Re: have you de - valued your buisness?
Post by: p1w1 on April 02, 2018, 02:53:18 pm
i wouldn't be surprised if there are a good number of vans out there  overweight when all full up. Also i found with my previous wydale tank although it's supposedly a 500lt tank i never could get more than about 470lt in tops, there falsely advertised size is a bit like poles used to be and some still are.
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 02:56:26 pm
just my opinion but i think a 500L tank in a van with at least a  900kg payload(mines 936kg) is required to be within the weight limit when you take into consideration your own weight,tank frame/fuel/ladders/batteries/pumps/poles/toolbox/reels etc,etc.....

sorry marc your van Is NOT SCRUFFY just untidy inside.......i hate untidiness! ;D

Yes i agree. It is a bit of a shambles inside.

But there isnt much in there. One pole, one reel, a pump and a battery a bucket and some lightweight ladders prob around 50 kilos

Better get out and sort it now, but its peeing down and my boy is giving me cuddles in  front of tv.
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 03:07:53 pm
i wouldn't be surprised if there are a good number of vans out there  overweight when all full up. Also i found with my previous wydale tank although it's supposedly a 500lt tank i never could get more than about 470lt in tops, there falsely advertised size is a bit like poles used to be and some still are.

Yep thats correct. My 600 litre tank actually only fits around 540 litres before it sloshes out the top of the cap. To get a full 600 litres in there you need to be either on a hill with the front of the van facing downhill, or it be completly flat and level which isn't possible.

So i normally leave with around 450-475 litres in the tank. Van handles fine.

On another note, i used to be like Daz , i used to spend loads on pro gear, but realised what a rip off it all is. I had a Brodex E compact 250 fitted in my Astra Van back in the day, it cost over 5k with all the fittings and gubbins. Biggest waste of money imo, awful company snd your tied down to using them...not ever again i said to myself. And i found out much later that the e compact only holds around 185 litres.. Brodex went bust for a reason.
Title: Re: have you de - valued your buisness?
Post by: Susan Dean (1stclean) on April 02, 2018, 03:44:53 pm
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

(http://www.cleanitup.co.uk/smf/1522621391_20180304_173628.jpg)




I have to say it’s a very tidy looking van , but with what you are earning you must be paying huge amounts of tax and driving round a relatively old van why not invest in a new one with a new system put it against your tax you are then benefitting from your hard work rather than the tax man , I did exactly the same as you for years my accountant said I should should buy all new stuff to reduce my tax bill and he was right when I finally bit the bulit I can now see that I should have done it years ago , no disrespect mark but how do you manage to have the customer base and charge what you do with the system you have in the back I would be embarrassed to show my customers that , please dont be hurt by that Ime not criticising you , I just struggle to get my head round it , I have several large commercial jobs and some very wealthy customers domestic jobs that I do that have asked to see in my van and explain how it all works when they see a professional set out van they start to realise that windowcleaning isn’t just a low payed job but rather a skilled professional occupation and then they don’t quibble at the price , by the sound of your pricing structure you are far dearer than me I can do it with two vans so Ime sure you could do the same very easily , onece again please don’t think I am finding fault with you Ime not I just don’t understand how someone who is successful in buisness as you oviously are uses kit like that and gets away with it in affluent areas , I do genuinely wish you all the best with your buisness building but please inprove your van layout. 😂😂😂😂
Personally I wouldn't give a flying, you know what, to what customers thought of my van, and I dare say they don't really give a flying .... either, I'm sure they are more concerned about the service they receive.  Some people get what they think is a half decent van then think that gives them  the right to slag off others who don't see a newish van as a priority. Window cleaning snobbery!  who'd av thought it eh!

very nice looking van , funny thing is b.t. and open reach now run there van to death ive seen a 57 reg combo of theres this morning so if we take dazs logic guess hes making more then open reach as his van is newer ? let alone the 58 reg vans john lewis are running  in
Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 04:48:08 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?
Title: Re: have you de - valued your buisness?
Post by: Splash & dash on April 02, 2018, 05:06:24 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone
Title: Re: have you de - valued your buisness?
Post by: p1w1 on April 02, 2018, 05:16:02 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone
I would presume as a Ltd company anyone can see them anyway if they wanted too.
Title: Re: have you de - valued your buisness?
Post by: Stoots on April 02, 2018, 05:20:03 pm
Ltd accounts will cost a lot more to do than a sole traders.

I got quotes of about 200-500 for sole trader and about 800-2000 for ltd

Mainly depends if they are chartered or not.

As a sole trader using cash basis and simplified expenses I do my own.
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 06:19:42 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

The bookkeeping is done by us, i have software that does this. If i need advice on what to do for allowable expenses and tax stuff i ask my accountants and they advise me. And yes to receipts and bank statements.

These books are preliminary books before submission, my accountants will go through them to ensure all is good, but as i have been keeping them up to date on a regular basis with the accounts they know exactly what the state of play is with them.

There seems to be some confusion on what is a book keeper and what is an accountant.

Most sole traders who do their self assessment are in fact not using an accountant, but paying for bookkeeping, even though they think its accountancy.

 

 
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 06:20:40 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone
I would presume as a Ltd company anyone can see them anyway if they wanted too.

Yes that is correct.
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 06:31:06 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone

Water bill is under water production costs.

Yes we pay for payroll services, me and the wife both get a monthly fixed salary, and pay any tax due on PAYE on playslips

Use of home charges is a percentage of my private rent at my place of residence, i do not claim electric gas or anything else for simplicity.  Eventually when i get a commercial premises, this will not be claimed anymore as the company will have direct rent and rates to pay.

Profits are treated completely differently in LTD company accounts. I could for example take all my money as wages, and have zero profits, but that would be stupid.

My costs are for Payroll services, taxation advice, accountancy services,  and business advice. £1500 a year is fairly typical for LTD company chartered accounts.

Nope not concerned at all about this going on a public forum, the accounts are available to anyone who wants to read them anyway when i file at companies house.  I will however be removing the file in 24 hours.







Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 06:37:44 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

The bookkeeping is done by us, i have software that does this. If i need advice on what to do for allowable expenses and tax stuff i ask my accountants and they advise me. And yes to receipts and bank statements.

These books are preliminary books before submission, my accountants will go through them to ensure all is good, but as i have been keeping them up to date on a regular basis with the accounts they know exactly what the state of play is with them.

There seems to be some confusion on what is a book keeper and what is an accountant.

Most sole traders who do their self assessment are in fact not using an accountant, but paying for bookkeeping, even though they think its accountancy.

 

 

Cheers - lol I am confused! My accountants  are chartered accountants - do I pay them for book keeping or accountancy?
What’s the difference  ???
Title: Re: have you de - valued your buisness?
Post by: Stoots on April 02, 2018, 07:34:50 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

The bookkeeping is done by us, i have software that does this. If i need advice on what to do for allowable expenses and tax stuff i ask my accountants and they advise me. And yes to receipts and bank statements.

These books are preliminary books before submission, my accountants will go through them to ensure all is good, but as i have been keeping them up to date on a regular basis with the accounts they know exactly what the state of play is with them.

There seems to be some confusion on what is a book keeper and what is an accountant.

Most sole traders who do their self assessment are in fact not using an accountant, but paying for bookkeeping, even though they think its accountancy.

 

 

Cheers - lol I am confused! My accountants  are chartered accountants - do I pay them for book keeping or accountancy?
What’s the difference  ???


bookeeping is basically keeping records of transactions, income and outcome etc.

accountancy is doing the calculations etc with those details you pass them

so for example you could record all sales, all expenses etc, thats bookeeping.....then you pass your records on to the accountant to do all the calculations etc and check everything balances then submit your return etc.

You can pay an accountant to do both.
Title: Re: have you de - valued your buisness?
Post by: Shrek on April 02, 2018, 07:37:35 pm
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

The bookkeeping is done by us, i have software that does this. If i need advice on what to do for allowable expenses and tax stuff i ask my accountants and they advise me. And yes to receipts and bank statements.

These books are preliminary books before submission, my accountants will go through them to ensure all is good, but as i have been keeping them up to date on a regular basis with the accounts they know exactly what the state of play is with them.

There seems to be some confusion on what is a book keeper and what is an accountant.

Most sole traders who do their self assessment are in fact not using an accountant, but paying for bookkeeping, even though they think its accountancy.

 

 

Cheers - lol I am confused! My accountants  are chartered accountants - do I pay them for book keeping or accountancy?
What’s the difference  ???


bookeeping is basically keeping records of transactions, income and outcome etc.

accountancy is doing the calculations etc with those details you pass them

so for example you could record all sales, all expenses etc, thats bookeeping.....then you pass your records on to the accountant to do all the calculations etc and check everything balances then submit your return etc.

You can pay an accountant to do both.

Thanks Adam , yeah my accountant does all the calculations so I guess I’m paying for accountancy lol 👍
Title: Re: have you de - valued your buisness?
Post by: Marc Stock on April 02, 2018, 07:47:39 pm
hahah yeah...i was about to say the same. and add a little too..

For self employment accounts, the profits are calculated for you by HMRC when you submit your return. So in reality, self employment accounts are super duper simple for a chartered accountant because they actually don't have to do anything at all all they do is check your figures are correct and submit them so in reality its still just a book keeping exercise as HMRC do it for them electronically.

Ltd company accounts is much more complex, because you could be running a directors loan account, or need to add journal entries, there is also tracking things like NI and pension regulation and all this falls on the responsibility of the company to calculate it correctly, HMRC don't do any calculations for you, you have to do it yourself and get it right which is where a chartered accountant comes into play fully.

When pay my corporation tax for example, i don't get a BILL like self assessment. I just pay whats owed to HMRC according to our accounts and calculations which are open to public scrutiny.



Title: Re: have you de - valued your buisness?
Post by: Splash & dash on April 02, 2018, 08:01:55 pm
hahah yeah...i was about to say the same. and add a little too..

For self employment accounts, the profits are calculated for you by HMRC when you submit your return. So in reality, self employment accounts are super duper simple for a chartered accountant because they actually don't have to do anything at all all they do is check your figures are correct and submit them so in reality its still just a book keeping exercise as HMRC do it for them electronically.

Ltd company accounts is much more complex, because you could be running a directors loan account, or need to add journal entries, there is also tracking things like NI and pension regulation and all this falls on the responsibility of the company to calculate it correctly, HMRC don't do any calculations for you, you have to do it yourself and get it right which is where a chartered accountant comes into play fully.

When pay my corporation tax for example, i don't get a BILL like self assessment. I just pay whats owed to HMRC according to our accounts and calculations which are open to public scrutiny.



Lol I think you are in the wrong job you should be a financial adviser or something it’s all way over my head
Title: Re: have you de - valued your buisness?
Post by: dazmond on April 02, 2018, 09:29:54 pm
As long as I make at least 30k profit a year after all expenses,taxes and insurances are taken off I'm happy.....I can easily live on this due to low housing costs,no smoking/drinking and no kids....I can even  afford a few luxury holidays here and there and get to drive a nice car around....put a bit aside for when I'm older,healthy emergency fund and a few nights out here and there....