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richywilts

  • Posts: 4262
going to go vat registered
« on: March 12, 2012, 01:03:42 pm »
been speaking to the accountant today and ive decided to go vat registered from april, prob the best time to do it as prices need increasing as never had price increase in 3-4 years hopefully my customer will understand its needs to be done to grow the company hopefully itll make me some savings, the accountant has got it through to me that it shouldnt cost you more money its should make me savings in the long run, i was getting worried as iv always looked at it as another cost
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

dd

  • Posts: 2623
Re: going to go vat registered
« Reply #1 on: March 12, 2012, 01:14:26 pm »
Surprised you have not had to do it before. Limit used to be 67k yearly turnover you must have been far exceeding that for some time?

richywilts

  • Posts: 4262
Re: going to go vat registered
« Reply #2 on: March 12, 2012, 01:22:15 pm »
the accountant been upto date now ready for the april 12 return and he said i should be under it with all the ballaches this last year and days not working prob kept us under had we worked everyday prob be a different story
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

Richard iSparkle

  • Posts: 2491
Re: going to go vat registered
« Reply #3 on: March 12, 2012, 01:55:12 pm »
been speaking to the accountant today and ive decided to go vat registered from april, prob the best time to do it as prices need increasing as never had price increase in 3-4 years hopefully my customer will understand its needs to be done to grow the company hopefully itll make me some savings, the accountant has got it through to me that it shouldnt cost you more money its should make me savings in the long run, i was getting worried as iv always looked at it as another cost

i still look at is as an expense!  Maybe i need a new accountant  ???
iSparkle Window Cleaning

www.isparklewindowcleaning.uk

Erithwc

Re: going to go vat registered
« Reply #4 on: March 12, 2012, 02:47:27 pm »
been speaking to the accountant today and ive decided to go vat registered from april, prob the best time to do it as prices need increasing as never had price increase in 3-4 years hopefully my customer will understand its needs to be done to grow the company hopefully itll make me some savings, the accountant has got it through to me that it shouldnt cost you more money its should make me savings in the long run, i was getting worried as iv always looked at it as another cost

i still look at is as an expense!  Maybe i need a new accountant  ???

Sitting on the internet talking to other window cleaners on here is an expense in lost of potential customers and income but we all do it  ;D ;D

Thats it im leaving cleanitup to take over the world  ;D ;D

Im back i couldn't do it i started shaking and sweating  :D :D :D

richywilts

  • Posts: 4262
Re: going to go vat registered
« Reply #5 on: March 12, 2012, 02:57:53 pm »
its a shame to cap it off at 73,000 when ive put so much into it ive done some sums and if andy goes out every 30 days doing 300 a day thats 79,000 a year so with the leaflet drops im planning thru the summer i should pick up enough work to b hitting 300 a day comfortably as only need another 100 or so customers
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

steve rix

  • Posts: 816
Re: going to go vat registered
« Reply #6 on: March 12, 2012, 02:59:00 pm »
You sure your customers can take a price increase,  then 20% vat on top?

pristinewindows

  • Posts: 98
Re: going to go vat registered
« Reply #7 on: March 12, 2012, 02:59:35 pm »
Its quite a price hike.
" Sorry customer I know its a recession but I'm putting the price up 20%" ;D
My guess is your accountant can charge you more for the accounts if you register.

roundbuilder

Re: going to go vat registered
« Reply #8 on: March 12, 2012, 03:01:52 pm »
300 everyday with someone else doing the work??? Someone is living in a dreamworld.

easy clean

  • Posts: 570
Re: going to go vat registered
« Reply #9 on: March 12, 2012, 03:40:55 pm »
300 quid a day is achievable by staff......if you get the right people! That's another job altogether!!!!

richywilts

  • Posts: 4262
Re: going to go vat registered
« Reply #10 on: March 12, 2012, 04:02:15 pm »
300 a day is easily achievable hes done 277 today and didnt leave till 8.30, 15min drive to the area and was back at 3pm 14 jobs completed inc a fascia job

ive got lucky with my employee and coz hes happy to clean so much is the only reason i havent downsized to just me as i personally can only do 180-200 on a good day
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

mikecam

Re: going to go vat registered
« Reply #11 on: March 12, 2012, 04:15:57 pm »
the accountant has got it through to me that it shouldnt cost you more money its should make me savings in the long run,

How does this work?

richywilts

  • Posts: 4262
Re: going to go vat registered
« Reply #12 on: March 12, 2012, 04:18:13 pm »
because of the vat i can claim back off unit,fuel,accountants costs etc money im just throwing away at the moment
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

Ian101

  • Posts: 7889
Re: going to go vat registered
« Reply #13 on: March 12, 2012, 04:32:32 pm »
Are you passing the extra 20% onto the customers EG £10 job becomes £12 or absorbing it so same £10 job is now £8.33 + 1.66 VAT = £10 ??

Dean Taberner

  • Posts: 4164
Re: going to go vat registered
« Reply #14 on: March 12, 2012, 04:39:02 pm »
Flat rate vat is the way to go on domestics,

Especially if you have a mix of commercial too.
Operations manager at J.V Price Ltd

http://www.thepricegroup.co.uk

Ian101

  • Posts: 7889
Re: going to go vat registered
« Reply #15 on: March 12, 2012, 04:40:37 pm »
Flat rate vat is the way to go on domestics,

Especially if you have a mix of commercial too.

heard this a few times but what is flat rate .. how does it work ?

Steve Sed

Re: going to go vat registered
« Reply #16 on: March 12, 2012, 04:42:37 pm »
because of the vat i can claim back off unit,fuel,accountants costs etc money im just throwing away at the moment

Only if you add the vat to customers' bills. If you absorb, it will cost you.

richywilts

  • Posts: 4262
Re: going to go vat registered
« Reply #17 on: March 12, 2012, 04:43:01 pm »
IAN IM GOING TO DO PRICE INCREASE AS HAVENT PUT PRICES UP IN 4 YEARS ON LOWER PRICED WORK I THINK IL ET AWAY WITH 20% BUT ON JOBS OVER 15QUID I THINK IM GNA HAVE TO SWALLOW SOME
Richard Wiltshire
Window Clean Direct

richardwiltshire36@yahoo.co.uk
www.windowcleandirect.co.uk
07894821844

Ian101

  • Posts: 7889
Re: going to go vat registered
« Reply #18 on: March 12, 2012, 04:46:41 pm »
IAN IM GOING TO DO PRICE INCREASE AS HAVENT PUT PRICES UP IN 4 YEARS ON LOWER PRICED WORK I THINK IL ET AWAY WITH 20% BUT ON JOBS OVER 15QUID I THINK IM GNA HAVE TO SWALLOW SOME

sounds like a plan of action to me ..... im doing price increases from April with some underpriced stuff going up a few quid ... early jobs were Ive not charged enough for connys mainly but most else going up by a pound or two.

Steve Sed

Re: going to go vat registered
« Reply #19 on: March 12, 2012, 04:47:26 pm »
IAN IM GOING TO DO PRICE INCREASE AS HAVENT PUT PRICES UP IN 4 YEARS ON LOWER PRICED WORK I THINK IL ET AWAY WITH 20% BUT ON JOBS OVER 15QUID I THINK IM GNA HAVE TO SWALLOW SOME

To you that is no increase then as you have to hand the 20% to HMRC.