BigFoot
Well-known member
- Messages
- 938
- Location
- South wales
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Feel sorry for and frustrated with how misguided he is at the same time. Would love to point him in the right direction but experience has shown that people think they know best regardless of advice. You have got to want to change in order to change.IF he's wiping the frames over then he must be trad and using ladders. Good luck to him making any money with those prices and timescales.
Ha ha she (well you'd hope it was a she) sounds desperate, kisses as well. But ive heard that before 'you'd get loads of customers here' and nothing, so doesnt always happen like they think.I was tagged into a post looking for a window cleaner and I could not believe what I was reading!
I’m sure this chap is taking the leap for all the right reasons but the execution is awful!
i might just sub out my work to him and retire...
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yes i guess thats the tricky bit often, after 18 months and tax is due. Ive only been going 18 months and now due to fill in 2nd return, though they give till end of the year I think to do it? Didnt pay any first return, as didnt have enough custom and the equipment cost a good wad. Should owe some this time, but I dont see why they give you till the end of the year to give them your details, dont seem good policy really. Yet conversely down the line they want tax upfront so seems a bit conflicting really. Still doing a part time paye job too. Best get it sent asap I reckon.I think we’ve all learned the hard way at some point or other. Reality kicked in for us at 6 months when we were basically on the verge of going bust. Drastically raised prices, by 50% for new customers, immediately.
then made another mistake by not raising prices for 3 years. They have gone up the last two Aprils and will be doing so for all consecutive aprils.
I dont want to be in that position again.
most newbies are gone after 18 months
If you do everything the old way (on paper) like i do, i think it has to be submitted by october, if you submit your accounts digitally, maybe december sometime? And the payment deadline is like Janurary? Dont hold me to this but i just do it asap while the busy season is in full flight, i submit accounts to accountant in april & pay the bill in like may or June, that way i know i’m not paying tax in the winter when moneys tighteryes i guess thats the tricky bit often, after 18 months and tax is due. Ive only been going 18 months and now due to fill in 2nd return, though they give till end of the year I think to do it? Didnt pay any first return, as didnt have enough custom and the equipment cost a good wad. Should owe some this time, but I dont see why they give you till the end of the year to give them your details, dont seem good policy really. Yet conversely down the line they want tax upfront so seems a bit conflicting really. Still doing a part time paye job too. Best get it sent asap I reckon.
Yep, your right I think, if serious, gotta hold your nerve and outlast the cheap poachers and it should work out.
The taxman doesn't want his money upfront, my tax year is the standardised tax year April to April my accounts go straight into my accountant on the 6th or as near as and within a week I know what I will be paying the coming January and then the July, based on what your profit is you should have some idea what your tax liability is going to be, 8 months ago I knew I was potentially going to have a big tax bill so I had a chat with my accountant and started saving quite a bit more money each month to get me ahead for this year and next, it's all about planning aheadyes i guess thats the tricky bit often, after 18 months and tax is due. Ive only been going 18 months and now due to fill in 2nd return, though they give till end of the year I think to do it? Didnt pay any first return, as didnt have enough custom and the equipment cost a good wad. Should owe some this time, but I dont see why they give you till the end of the year to give them your details, dont seem good policy really. Yet conversely down the line they want tax upfront so seems a bit conflicting really. Still doing a part time paye job too. Best get it sent asap I reckon.
Yep, your right I think, if serious, gotta hold your nerve and outlast the cheap poachers and it should work out.
As soon as you see ''Like I said'' anywhere in an open message you know the kind of person you're dealing with. It's naturally quite a rude thing to say, most people probably don't even use that. As for the kisses at the end I imagine she was sat on an old broken chair out the front of her house writing that, a roll up in the other hand, still wearing her dressing gown and shouting at some kid to ''F**k off down your own end'' ???Ha ha she (well you'd hope it was a she) sounds desperate, kisses as well. But ive heard that before 'you'd get loads of customers here' and nothing, so doesnt always happen like they think.
ideal time this long weekend to get it out the way. its fairly straightforward for me at the mo. maybe when works increased a lot and no longer do the paye job i'll use an accountant. Mind you, seriously considering that free consultation you can get. cant be bad.Mine's in and tax calculated, if you keep well on top of your paperwork then you'll be running a tighter ship and know where you stand and can therefore plan your finances. Most new companies fail because of cash flow, the majority of these is because they have no idea of where they stand.
yeh I have a rough idea, I keep month by month details, earnings and costs (vehicle, phone, equipment etc) and just add them all up. I havent paid it upfront yet, no profit for first year, (will be this year) but I'd heard that you can be required to pay 6 months tax ahead before you've even earned/worked that 6 month.The taxman doesn't want his money upfront, my tax year is the standardised tax year April to April my accounts go straight into my accountant on the 6th or as near as and within a week I know what I will be paying the coming January and then the July, based on what your profit is you should have some idea what your tax liability is going to be, 8 months ago I knew I was potentially going to have a big tax bill so I had a chat with my accountant and started saving quite a bit more money each month to get me ahead for this year and next, it's all about planning ahead
The taxman doesn't want his money upfront, my tax year is the standardised tax year April to April my accounts go straight into my accountant on the 6th or as near as and within a week I know what I will be paying the coming January and then the July, based on what your profit is you should have some idea what your tax liability is going to be, 8 months ago I knew I was potentially going to have a big tax bill so I had a chat with my accountant and started saving quite a bit more money each month to get me ahead for this year and next, it's all about planning ahead
If this is the first year in January 2020 you will have to pay all of your tax for the 18/19 tax year and 6 months of the 19/20 tax year. In July 2020 you will have to pay the other 6 months of the 19/20 tax year.yeh I have a rough idea, I keep month by month details, earnings and costs (vehicle, phone, equipment etc) and just add them all up. I havent paid it upfront yet, no profit for first year, (will be this year) but I'd heard that you can be required to pay 6 months tax ahead before you've even earned/worked that 6 month.
yes mate, it makes sense too. i can see how it can keep you out of trouble as long as you keep a tab on it and dont spend whats not really all yours. just need a little discipline. i can do this nowdays, twenty years ago when I was more daft, may have messed up.If this is the first year in January 2020 you will have to pay all of your tax for the 18/19 tax year and 6 months of the 19/20 tax year. In July 2020 you will have to pay the other 6 months of the 19/20 tax year.
The "advanced" payment is half of what you paid in the 18/19 tax year. Say you made a profit in the 18/19 tax year and tax owed is £2k, in January you will have to pay the £2k and another £1k as an advanced payment on the 19/20 tax year. Hope this makes sense.
yeh I have a rough idea, I keep month by month details, earnings and costs (vehicle, phone, equipment etc) and just add them all up. I havent paid it upfront yet, no profit for first year, (will be this year) but I'd heard that you can be required to pay 6 months tax ahead before you've even earned/worked that 6 month.
As soon as you see ''Like I said'' anywhere in an open message you know the kind of person you're dealing with. It's naturally quite a rude thing to say, most people probably don't even use that. As for the kisses at the end I imagine she was sat on an old broken chair out the front of her house writing that, a roll up in the other hand, still wearing her dressing gown and shouting at some kid to ''F**k off down your own end'' ???
Yeh should be ok, now getting about 600 a week but that includes the paye job, but once the allowance and costs come off will be fine. Hope by summer to get that up to 8 or 900 a week though.Unless your taxable profit is well in excess of 20-30k you really have nowt to worry about
I described my mum when I was a kid.... We must be related ?You've just described my wife, just missed out sipping from a jar of moonshine ?