Martyn
Well-Known Member
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- 116
- Location
- Bedfordshire UK
Yes I hope you do and you are definitely looking at it thoroughly. Good luck.
UK Home Repair Business Start-up
- Thread starter CraiGDaniel
- Start date
Yes I hope you do and you are definitely looking at it thoroughly. Good luck.
CraiGDaniel
Member
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- 2
- Location
- Essex, UK
Yeh just hope technibble doesn't mind all my posts, more to come i'm sure.
Once i get up and running i will create another thread with progression, a blog if you like. Worst that will happen is i will fail but i would have tried, and my next step would be a car and start again, either way trying is better than not.
Hopefully this thread will bring lots of useful information to new users of the forum with similar concerns and bring technibble some more search engine hits.
Once i get up and running i will create another thread with progression, a blog if you like. Worst that will happen is i will fail but i would have tried, and my next step would be a car and start again, either way trying is better than not.
Hopefully this thread will bring lots of useful information to new users of the forum with similar concerns and bring technibble some more search engine hits.
MobileTechie
Well-Known Member
- Reaction score
- 32
- Location
- UK
I'm not against it I just can't see how it can work.
How would you work it if you had 2 appointments one after each other and both needed to be taken away?
Just found this:
And it still doesn't look big enough.
I think it looks big enough. If you had two appointments requiring 2 large items then you'd have to split it up.
I think they guy's a fool to ride around with a t-shirt mind!
Azz
Member
- Reaction score
- 0
- Location
- Birmingham, UK
It doesn't look quite wide enough.
joydivision
Well-Known Member
- Reaction score
- 58
- Location
- Manchester, UK
One thing about driving, the costs will go down a lot once you start. When I started driving in 2008 I was paying £1100 a year for insurance, its down to £500 now.
If you're a young driver just get a small city car, like the Fiat Panda, Scapegoat 107, Fiat 500, Ford Ka, Hyundai i10. All will be cheaper to run and insure than any banger.
If you're a young driver just get a small city car, like the Fiat Panda, Scapegoat 107, Fiat 500, Ford Ka, Hyundai i10. All will be cheaper to run and insure than any banger.
DCGPX
Member
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- 2
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- Bradford, United kingdom
Have you enquired about insurance on the bike yet re: business use and goods etc, it might end up at 5k yet
As been said though you are researching very thoroughly so hope it does pan out, and given the options your looking at maybe a bike is feasible, customers permitting it of course!
Do you have a friend with a car that could help put with collections say at evening ? That way you could sell as quick response first call and if necessary pick up when needed later, a thought ?
www.tornadopc.com
CraiGDaniel
Member
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- 2
- Location
- Essex, UK
Adding business use to my insurance is an extra £105 Until 5/2012.
Goods in transit insurance is £196 including public liability for a year.
Definately is not 5k!! would be gutted if it was, however it works out very cheap.
Don't think i have any mates i could rely on (with a car). Don't like the idea trusting someone with part of the business either, not just yet anyway.
Goods in transit insurance is £196 including public liability for a year.
Definately is not 5k!! would be gutted if it was, however it works out very cheap.
Don't think i have any mates i could rely on (with a car). Don't like the idea trusting someone with part of the business either, not just yet anyway.
DCGPX
Member
- Reaction score
- 2
- Location
- Bradford, United kingdom
Honestly didn't think it was that cheap my cars a fortune simply due to mileage I cover so that's good news. Only other option is have a word with some local courier firm or one of the big ones to see if they do same day pickup, most will just not sure of price
Other than that is to simply know thy limits and say to customer on this occasion you can't help as you can't transport the PC if it's that big not to be safe on a bike. 95% should be transportable if you get your box right
Be sure to put a chunk aside just for servicing and extras, a bike will need it more than a car to stay reliable!
www.tornadopc.com
CraiGDaniel
Member
- Reaction score
- 2
- Location
- Essex, UK
Thanks DC given me a lot of drive on this project. The box will be based on an antec 600 gaming case and will have extra room to spare. If you know the case then you'll know it's a beast. So with any luck i'll get it right.
If i have to refuse the odd job or two so be it, not the end of the world. If business is good i will invest in a car and then i can do as i like!!
Also a question someone may be able to quickly answer, rather than creating a new thread. As a sole trader i will have to file a tax return at the end of each year as i understand.
How do most sole traders put money away in preperation for this return? do they put 20% of each sale away in a seperate account for example so when they have to file the return they have a lump sum waiting for them? sorry if it's a dumb question.
If i have to refuse the odd job or two so be it, not the end of the world. If business is good i will invest in a car and then i can do as i like!!
Also a question someone may be able to quickly answer, rather than creating a new thread. As a sole trader i will have to file a tax return at the end of each year as i understand.
How do most sole traders put money away in preperation for this return? do they put 20% of each sale away in a seperate account for example so when they have to file the return they have a lump sum waiting for them? sorry if it's a dumb question.
DCGPX
Member
- Reaction score
- 2
- Location
- Bradford, United kingdom
Yes you need to do a tax return, if your only doing this part time then I'd expect your net profit to be zero by time you've taken into account all start up costs, be smart and don't try to be big and brag I've made a profit with my new business - you'll just pay tax on it!
I used all my profit to expand my business tools/software so net zero in first year
And for heavens sake keep every single receipt and keeps books upto date very regularly or it'll turn into a nightmare. Mileage logs are very important as well for claims
Also in response to your next
question, I put 25% away just in case to cover any payment to myself as that's wages and taxable plus NIC.
As your in full time employment elsewhere I assume you already pay NIC so apply for an excemption certificate for your first year. If you go over the threshold the 25% put aside will cover it
Best advice is go see tax office as they are very helpful and book an appointment with an accountant and take advantage of the free 30 min or so most offer, prepare questions first to get max out of it
www.tornadopc.com
I used all my profit to expand my business tools/software so net zero in first year
And for heavens sake keep every single receipt and keeps books upto date very regularly or it'll turn into a nightmare. Mileage logs are very important as well for claims
Also in response to your next
question, I put 25% away just in case to cover any payment to myself as that's wages and taxable plus NIC.
As your in full time employment elsewhere I assume you already pay NIC so apply for an excemption certificate for your first year. If you go over the threshold the 25% put aside will cover it
Best advice is go see tax office as they are very helpful and book an appointment with an accountant and take advantage of the free 30 min or so most offer, prepare questions first to get max out of it
www.tornadopc.com
CraiGDaniel
Member
- Reaction score
- 2
- Location
- Essex, UK
So safe bet to put away 20% of each sale/service etc and that will then cover the tax return and NIC's when i need to do them?
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