Today i have looked at:
Paying tax and action insurance
No what is required from keep a record
Tax and national insurance
Set business expenses against tax bill
Only tax on net expenses
Tax alliance to use before you pay tax
Form to send to tax
Self-assessment form online
National insurance -normal payment class two
Class 4 contributions
Keep record of
Sales and takings
Purchase and expenses
Records show profit loss
Health insurance
Public liability insurance
Employment of people further insurance
Copyright law
CRB checks
Vat register –you can claim vat back
Basic business plan
It will help focus aims targets set aims
You need a business plan for funding
Benefits
Basic Business Planning
Business plan stating:
·
mission/vision
·
the history of the business
·
the product and the service - unique selling
point = USP, what is the product, who will buy it)
·
market research - is there a demand for the
producr, what research have you done, field research where to question the
public, describe yur customer, describe the characteristics of the customer
·
the market – what is the size of the market is
it growing describe the target customer and competition
·
research and development – what work have you
done so far on your product
·
basis of operation – sole trader, premises,
staff
·
management - have you got a management team, who
is involved, how many people, the staffs background and commitment, staff
qualifications
·
cost – initial set up costs, on-going costs,
funding requirement or potential sources
