On Fri, 2011-05-27 at 07:47 +0100, Sean Miller wrote:
> If you don't consider you are going to have a huge turnover then
> merely register as a Sole Trader.
>
> You will have to pay additional National Insurance Contributions on a
> quarterly basis (I think it's about £10/month) and will have to
> complete an additional page on your Self Assessment Tax Return stating
> turnover, costs, profit etc., but apart from that you really don't
> have to do much at all.
In addition to this I would say there are two essential things:
* Create a simple invoice template, make sure it's very easy for
you to invoice customers efficiently and that it's easy for them
to pay you: most people will pay you when you ask so make sure
you do so;
* Get a good accountant, it will cost you a few hundred quid a
year for the basic stuff you need to do for a small company or
sole trader but it's definitely worth it.
Bruno
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