Recent content by Michael Davies

  1. M

    Should I be VAT registered?

    Depends how much money you are turning over. If your turnover is above £79,000 then it is compulsory to be VAT registered. If below you can apply to be registered only if it's worth your while. For instance you can apply for a flat rate scheme and pay a fixed rate VAT of say 13% and you...
  2. M

    Commission only staff - are they employed?

    Hi If you employ staff then they need to be added to your payroll and you need to submit RTI returns each month. However it sounds like the staff you will recruit will be sub contractors who are only paid commissions by you. In this case they should invoice you the amount owed to them...
  3. M

    Dilema needs help pls

    My advice to you would be to definitely operate as a limited company. I don't know how much you receive in your employment. But i know it definitely provides you with taxable benefit taking money from a limited company than a sole trader. If you need more info you can PM me. Hope this helps
  4. M

    Starting a buisness

    There are many company formation agents around offering pretty much the same service. Prices can vary drastically. Companies House offer this service for £15. Some agents charge far more than this. I used 1 click 2 start a company for my start up and they charge £14.99 and my company was...
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