startup / 3 posts found
No money…no problem!
People tend to think that you need a large chunk of capital to start your own business; however it is possible to get started without needing to invest large sums of money into it. You might have a great idea, or just want a change of lifestyle that running your business may allow. Whatever your motivation it is possible to start off with a small budget. Here are three great tips to get you going. Reduce your needs: You don’t need flash offices, or the latest laptop. Take a look at what you really need to get going, bearing in [...]
Do you have what it takes?
Note that this is a shortened version of a detailed guide I have put together. The full guide goes into details about the thinking behind the various questions posed and gives some thoughts about what you can do to overcome the impact of answering 'No' to some of the questions. If you want the full version please request it via the 'Contact Us' tab on www.taxassist.co.uk/miketombs. You will not be spammed with anything else or put onto a mailing list as a result! Do you have what it takes to become self-employed? Everyone has skills, be they in washing [...]
Business Structures – which to use?
Having made the decision to be your own boss, it is important to decide the best legal and taxation structure for your enterprise. The most suitable structure for you will depend on your personal situation and your future plans. The decision you make will have repercussions on the way you are taxed, your exposure to creditors and other matters. The possible options you have are as follows. Sole trader This is the simplest way of trading. There are only a few formalities to trading this way, the most important of which is informing HMRC. You are required to keep business [...]