question for the self employed

[mountainman]

Paying tax is a legal requirement unless your name is amazon or star bucks.

Or Gary Barlow.

 

[Deleted member 32524]

It is hard. Feast or famine. I know guys been self employed 20 yrs who are quiet. raising the profile of your business is key.Internet advertising with a web site, local press, leaflet drops, local advertising booklets, shops, supermarkets et.

 

[Millsy 82]

Good luck to you. I'm in the process of setting up and moving to a new area as well. Doing the work isn't a problem for me it's the other stuff that scares the hell out of me like book keeping etc. I'm moving in 2 weeks time all I have at the moment is 1 bathroom suite to do for my girlfriends dad and that's it so I might be on here more often (as soon as I get the internet sorted)

 

[nysk2008]

good luck Millsy, youre be fine mate

Good luck to you. I'm in the process of setting up and moving to a new area as well. Doing the work isn't a problem for me it's the other stuff that scares the hell out of me like book keeping etc. I'm moving in 2 weeks time all I have at the moment is 1 bathroom suite to do for my girlfriends dad and that's it so I might be on here more often (as soon as I get the internet sorted)

 

[kirkgas]

Just watch out for HMRC, don't tell them to soon or you will get hammered for tax

I think this is poor advice, tell them and ask what you are entitled to claim via an accountant, as already posted, first year into second year you can claim your expenses and if you "make a loss" it goes against your other income therefore reduces your tax paid

 

[Millsy 82]

good luck Millsy, youre be fine mate

thanks mate. Whats the worse that can happen. lol

 

[Ermintrude]

Hope it goes well!

 

[Centralheatking]

Any self employed person who does not get the 5am's worrying about
dosh, job, truck etc is lieing and if you are an employed fella
and dont want this hassle stay employed and worry about
if your company is solid and will pay your wages forever

I still get the 5am worries centralheatking

if your comfort zone is being impinged on by the thought of going self employed then don't be surprised as its scary going out there on your own, but once you have done it and succeeded then its brilliant, but it takes a lot of sleepless nights before you get going. It's down to you, a lot of people never want the hassle and stay employed, others try it and then decide to go back but some of us crack on despite the risks and manage to keep going. there's pros and cons to both sides but you wont know till you get out there on your own whether you've don e the right thing

 

[Ray Stafford]

I still get the 5am worries centralheatking

Yep, me too. After 28 years.

As someone used to say to me in a different context - "if you aren't losing sleep over it sometimes, then you dont care enough."