[CJcamCJ]

Hello peeps.
Just doing some thinking, when i start up i dont want to be doing anything illegal or somthing that i can get done for.
so i would just like some help from some of you nice established guys out there so i dont run into trouble.


I need to register as self employed. what dose this involve?
I know about public liability. (but do i need it?)
Do i need to insure the van as a business van?.
Whats the best way to tax everything? if i was to collect cash in hand? How and when do i pay for the tax?

cheers guys   

[leights]

cam i give good advice, just the manor it comes over people dnt like, but hey alan sugar did not get rich by being nice...

you will need to ring the inland rev and ask to reg your business name from what date you intend to start.

you will need pub lia insu, go to simply business on line, everything there, advise them goldoak window cleaing tipped you off , we both get 25 quid, cnt be bad..

yes you will need business insurance , if you dnt and you have a bump say going to your missis in the van, they wont pay  out as you'v used it for persnall not  business.

2 million pounds will be more than enough for you to start out pal,

hope that helps. anything else fire away

[wpclean]

If you type in " Business link " and your area in internet search, you will find free advice and free workshops about self employment.
They really are excellent 

Did I mention it is free ?

[leights]

ok cam you dnt, just dnt drop your ladder through someones head.

that really is poor mate. dnt even listen to him...

you can drive a truck with your feet if you want to,  dnt make it a good idea though ..

[CLEANCARE WC]

I would agree public liability is a must.

[p1w1]

I would agree public liability is a must.

+1

[drevitt]

if you drop something and smash someone on the head and have no public liability insurance you are fooked! its only about £100 per year for 2million quid cover. im with axa but just look on insurance comparison site for cheapest

[darren clarke]

I need to register as self employed. what dose this involve?

register here    http://www.hmrc.gov.uk/selfemployed/register-selfemp.htmI know about public liability. (but do i need it?)   get a mil to start off with  about £60 a year,  go to simply business.co.uk and join thereDo i need to insure the van as a business van?.

when insureing a van they will ask you what u will use it for and most will it insure it as a business, as long as they know you are a window cleaner
Whats the best way to tax everything? if i was to collect cash in hand? How and when do i pay for the tax?

put 30% away and keep monthly records of what u make and spend then in april fill i nyour tax return and send them a cheque

[CJcamCJ]

thx everyone.

Its 30% ? is that ture??

[darren clarke]

no but if you put 30% away  you should have enough to cover the tax bill and the half you have to pay,  plus might have some left over

[CJcamCJ]

thx man, if its not 30% how much would it be? and what do you mean the other half i have to pay? thanks m8

[darren clarke]

when u do your first years tax,  u get a bill say £1000,  u then pay this and half of it on account (1500) for the following year, so you are always half  a year ahead, unless you ahve a really good year then u get to pay more

[darren clarke]

Basic rate

Tax is payable at the basic rate of 20 per cent on taxable income up to £37,400.


Higher rate

If you have more than £37,400 but less than £150,000 of taxable income, you will have to pay a higher rate of 40 per cent tax on the amount above £37,400 and below £150,000.


Additional rate

If you have more than £150,000 you will have to pay an additional rate of 50 per cent tax on the amount above this level.

[CJcamCJ]

God damn! tax is a killer. the worst part about it is that i live in the country side and there aint nothing around for like 2miles!

[Helen]

God damn! tax is a killer. the worst part about it is that i live in the country side and there aint nothing around for like 2miles!

Then you shouldn't run into too many other wc'ers then.
Tax rates for SE are no different to being employed, so why are you surpised? All we do is pay it at different intervals.

[CJcamCJ]

no i mean tax in general, i hate the system.

[herbiefatboy]

if not you can pay your tax weakly which i find easier