Category Archives: Startups

HMRC Introduces New Webinar For The Newly Self Employed

Last month, HMRC produced a new 20 minute video webinar designed to give an all encompassing guide for those considering starting out on the road to self employment. The guide covers the basics of business structures, registering with HMRC, types … Continue reading

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When Do We Need To Register For VAT?

There are many misconceptions, amongst new business owners, as to when they should register for VAT. There is, however, no legal requirement to do so, until the business turnover exceeds the registration threshold (currently £79,000). It is possible to register for … Continue reading

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What Do We Do About PAYE / NI Now That We’re Self Employed?

As of April 2011, from commencement as a self employed person, you will be required to pay Class 2 National Insurance, which can now be paid either monthly or six monthly. This is paid at the equivalent rate of £2.65 … Continue reading

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When Should I Tell The Tax Man About My Business?

Many of us will have started out on a part time basis, whilst still holding down a full time job, until we are ready to ‘take the plunge’ into a full time business. Often this will either be in the … Continue reading

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