16-10-11, 10:51 AM
Hi Trev,
Been running my own Limited Co for about 6 years now and
A) better to be VAT registered and go for a fixed rate option.
B) keep your own accounts but get an accountant to submit your tax returns, you can do your own VAT returns every three months.
C) make sure your Public Liability Insurance is with a reputable company.
D) make your wife a co director and talk to an accountant to discuss whether it is better to have a monthly wage or a yearly dividend from your company for you and your wife.
E) remember that your corp tax and tax liabilities are not paid till the 2nd year--so don't go spending mad.
F) you will find that working for yourself is the only way to make money--so go for it, and enjoy the ride.
All the Best
John.
Been running my own Limited Co for about 6 years now and
A) better to be VAT registered and go for a fixed rate option.
B) keep your own accounts but get an accountant to submit your tax returns, you can do your own VAT returns every three months.
C) make sure your Public Liability Insurance is with a reputable company.
D) make your wife a co director and talk to an accountant to discuss whether it is better to have a monthly wage or a yearly dividend from your company for you and your wife.
E) remember that your corp tax and tax liabilities are not paid till the 2nd year--so don't go spending mad.
F) you will find that working for yourself is the only way to make money--so go for it, and enjoy the ride.
All the Best
John.