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Regestering as Self Employed and resources

2 replies

FerbsMom · 17/01/2014 10:38

How do I register?

I contacted Companies House this am and as not Ltd they said you just contact HMRC?

Is it this easy?

I need indem insurance and I have to purchase software and stationary incl leaflets and buisness cards. I may need to advertise too and/or set up a website? Do I do this after I register to claim back expenses?

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ohdobuckup · 17/01/2014 11:24

register online as self employed ...make sure you go to the .gov. site, it will be free. Then keep every receipt for every work related item you buy, a monthly ledger of income and outgoings, and if you can , a separate bank account just for your business and for paying national insurance.

All business expenses can be offset against tax I think, but a good local accountant will sort you out on all this, a lot of small accountants will give you a free intro meeting to outline what you need to do.

Google indemnity insurance, lots of offers out there, mine for a sole trader with 5million cover was £90.

Get on with setting up your busines, good luck!

FerbsMom · 17/01/2014 16:28

thanks ohdo :)

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