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Having said that, you must have invoiced your customers and as you'll have a copy from which you can construct from them your likely journeys & mileage. But in any case you should have been claiming mileage whilst using your private vehicle (e.g. 40p per mile). If not, why did your accountant not tell you that, maybe its time to consider a change!
To make money, everything is sale. You have to sell something to make money. Otherwise you will not get paid. Some people don't like sales because they don't like salesman. But they don't notice that the reason they get their paychecks is they sell their work or labor.
We all know APR is the most important factor in a loan. But that are also some other factors are important. Do you know that some loan are compounded daily instead of monthly? That will make a big difference under the same APR.
It's really an art to borrow money. You can make money by borrowing money. How can that happen? The simplest scenario is that you get some loan at 0 APR, maybe for a very short time. You put it in your bank and the bank will pay you some interest. You may argue that you can not borrow a lot of money so you can not make a living by doing that.
I just feel as the only things i have spent money on is fuel and car and about £100 on various items it seemed pointless having an accountant. Is it possible for the average person to do their own tax return - as I've been led to believe i can but if this is a wrong move then i probably should know now before i try any further?
You can do your books yourself no problem, but what about calculating tax, tax return and other claimable expenses other than cars.
An accountant will ensure you are keeping proper records & doing your books correctly. When you do have to employ one, how much will it cost you if you haven't done things correctly. An accountant can decide the most tax efficient way of owning the car and claiming expenses. Every company's circumstances are different. Maybe an accountant on this or another forum may chip in some free time if you are lucky!
For the online auctions, there is already built in traffic. All you need to do is list your product there and wait for customers. The disadvantage is that the cost is high. You have to pay the auction fee. To limit the auction fee, you may have to limit the number of items in your auction. And you have a limited freedom to customize how your auctions looks.
Money is so important that we almost can not live without it. But how do we make money? Not everybody know how to make money. Most people know to find a job and earn paychecks. But that is not a smart way to make money. None rich people live their lives paycheck by paycheck. Most rich people have their own business.
There are a lot of websites providing mortgage quotes. If you like to have a finance freedom, come to our finance forum to discuss it with others.
You are right. But why can't you borrow more money? Borrowing money is an art. If you can borrow 1 billion. You can really make a living by borrowing money then returning it. There are a lot to play with the APR of the loan and mortgage.
