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OP - There has been some great advice given and you are in a challenging situation.
My advice would be to gather all the financial information and then look at the impact of each possible outcome.
Whatever you decide to do there will be implications, which is why, whilst you've been given some...
As someone who has run a Bookkeeping / VA practice for 8 years now and who does their own marketing, my advice would be this.
1) It takes time for clients to engage with you. People need to know, like and trust your firm.
2) whilst a website isn't that important, it is useful and helps with...
If you bank with Starling, you can create a "space" for VAT and put the money aside in there each month and then just transfer it back to the main bank account when the DD is due to come out
Whilst I understand not wanting to register for VAT, with MTD coming into effect, you'll eventually be submitting quarterly returns with the data anyway.
You can always register for VAT and the deregister at a later date when your income drops below the threshold.
As someone who uses a local gym 3x a week, I have to ask what would be your USP?
Who is your target market?
Also price point is a big factor to consider too when considering your market.
For example, we're a couple in our early 40's and we've been looking at changing gym lately and although you...
If your sending small packages then look into royal mail. I ship small parcels up to 2kg via royal mail for £2.99 second class and that includes free collection (obvs, check if they offer this in your area). Yes the likes of Yodel and Evri can be cheaper but I personally find the service better...
There is no reason why you can't invoice them as a sole trader under your own name.
To set up as a limited company, you'd have the company formation costs, have to open a separate business bank account, have to keep more in depth records, submit an annual return, confirmation statement etc and...
on the plus side, if you do register for VAT and your customers in Germany are VAT registered, you can invoice them EX-VAT so they would be unaffected by the change
Hi All,
My Name is Victoria. I own VJR Business Support Ltd, providing Bookkeeping and Administration services to small businesses. Have been working in Accounts/Finance for 5+ years and founded the business in 2016. I work mainly with SAGE50 Accounts and Xero..When I'm not running the...
I have used PPH both as a seller and buyer.. As a buyer, I have purchased the services of a designer in Packistan to design my logo..there were 40+ bids on the job ranging from £10 - £175 and some of their portifolios were terrible.. The guy I went with had an impressive catalogue, was...