Free online course
Getting it right from day one...
Video 1 - Sole trader or Limited
Video 3 - Registering for VAT
Video 2 - How to keep business records
Video 4 - Working out your tax
Part 1 – Travel expenses
During the course of business it’s quite likely you’ll be travelling around and spending money while you do it, this brief guide gives you an idea of what kinds of travel expenses are tax deductible and which ones aren’t. Business mileage The easiest way of deducting vehicle costs relating to the business is often claiming
Part 2 – Choosing the right bank
It’s often the case that the bank you choose when you first start out can end up being the one you stick with for the life of your business, after all, it can be a pain to move so here’s a few points to consider when choosing a bank. Free banking Quite a few banks
Part 3 – Understanding your margins
Understanding whether a cost in a business is fixed or moves with the amount of sales you make can be the first step in effectively controlling it and making sure your customers are paying the right amount for the services and goods you provide, this article looks at the different types of costs and levels
Part 4 – An overview of expenses
The first article in this series looked at how travel expenses work for tax purposes but there will undoubtedly be many other costs in a business that will need to be factored in, this article looks at types of costs and what they mean. Generally business expenses fall under two categories, direct costs and overheads
Part 5 – Numbers to keep an eye on
The first year or two of a business can often be a battle to survive and as a result business owners don’t always collect the information that they will need when they’re ready to take things to the next level. When I started my own business, I spent money trying out various marketing methods and
Part 6 – When to pay tax and getting your family involved
Paying tax as a business can be far more complex then when you paid it as an employee and making sure you don’t get caught out by a surprise bill needs some planning, this guide is quite technical but it should give you a headstart in managing your cash flows. Limited Company’s Limited company corporation
Part 7 – Getting your prices right
Getting your prices right can be make or break for your business and with all the online information available, customers are clued up now more than ever when it comes to getting a good deal. Pricing This has always been a difficult area because it involves balancing your earning expectations with what your customer is
Part 8 – Expenses in more detail
There’s often a lot of confusion when it comes to working out what’s tax deductible as an expense for your business and what’s not, this guide looks at some of the more complex areas and provides some hints and tips on using the tax system effectively. Meetings It’s not uncommon for business to be discussed
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