Recent content by Random3

  1. R

    Seeking an idiot-proof guide on how to start

    Thanks for the reply. So to be clear, until I am earning £85k a year I do not need to worry about VAT? It doesn't benefit nor hinder me in the slightest? I will do further research but basically what you are saying is as long as I keep track of everything in and out of the business, I can then...
  2. R

    Seeking an idiot-proof guide on how to start

    I was under the impression that this was the precise purpose of this forum but I guess I was mistaken. I am asking for a poke in the right direction. And if the right direction is for a new business with the goal of earning £400 a month in 12 months time to go out and spend a significant chunk...
  3. R

    Seeking an idiot-proof guide on how to start

    So the implication is that no one can ever start a business unless they have a guaranteed income of thousands of pounds per year. Otherwise, unless you are earning £10,000+, at least 10% of your income is going on an accountant. Which seems like a massive, massive waste. It doesn't make sense...
  4. R

    Seeking an idiot-proof guide on how to start

    Well to be honest my realistic goal is to be making £400 a month consistently and reliably in 12 months time. So anything anywhere near £1000 a year is well outside of what I can spend. I don't really get how there is that much to it. I need to declare what I earn and what I spend. I don't...
  5. R

    Seeking an idiot-proof guide on how to start

    Hi, I'm hoping you guys could help with me with self employment and self assessment. I recently started earning money freelancing doing music production and audio editing, and other similar things. I am not selling any products, I am offering a service. I have set up a website (not live yet) and...
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