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Going self employed, anything i've forgotten???

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Old 30-12-2008, 09:20 AM
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bazzal
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Default Going self employed, anything i've forgotten???

Hey all,

I start work on a self employed basis next week,as a sole trader, i'm an installation engineer, installing workshop equipment and racking on behalf of a Swiss company called Lista.

As its the first time S/E, i'm a bit baffled by all the stuff i've got to do, i've got the business bank account sorted, i know i got to register S/E with inland revenue once i start, then do the whole VAT Registered thing, got my public liability insurance, van insurance, i hope thats pretty much it.

Is there anything from the above that i may have forgotten, do i need any form of health and saftey certificate,

If theres anything i need that i've forgotten then please pipe up and say,

As Usual, any help is appreciated.

CheeRS

Baz.
Old 30-12-2008, 09:23 AM
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pa_sjo
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Your contract with Lista should state anything else you need, insurance-wise (professional indemnity perhaps?).. You don't need to be VAT registered unless your turnover exceeds about £60k (or somewhere near that)..
Old 30-12-2008, 09:23 AM
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Nash_mr2
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get an accountant, will make your life a whole lot easier on the paperwork side of things and they know all the tricks to swindle the tax man.

my sister pay £400 per year for her accountant, which i think is pretty darn cheap.
Old 30-12-2008, 09:42 AM
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stuart1
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go limited,less tax to pay
Old 30-12-2008, 10:26 AM
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Iain Mac
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Keep receipts for everything that may be even remotely business-reated, like stamps, envelopes, fuel, etc.

Your accountant will know what to do with them...
Old 30-12-2008, 10:30 AM
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pa_sjo
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Originally Posted by stuart1
go limited,less tax to pay
That depends on how much you earn.
Old 30-12-2008, 10:48 AM
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Nath
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National Insurance

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Old 30-12-2008, 10:50 AM
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bookwyse
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Drop me a PT with a contact number and I'll have a chat with you if you like. This is the sort of thing on I do on a daily basis as an accountant running his own business.

Jeff
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