Buying your dreamed home now!
Last year I set up self employed in april as a gardener i was useing my personal vehicle for a short while then i purchased a car for £500 and spent roughly £400 on repairs servicing etc.
then last month i realised is wasnt suitable for my business so i purchased a newer vehicle for £1400 .
the problem is that although i have got every reciept for the fuel repairs and the cars i purchased while i have been in business, i havent kept an accurate record of what my business milage is. what would your advice be on how to deal this in my business accounts and on my tax return.
As i don't have a record of my business milage for the first two cars i used I am unsure as to wether or not put them on my return or wether to just remove it from my business accounts and just class it all as a personal expense?
I'm not earning a great deal at the moment and the cost of the diesel and repairs/servicing is a considerable percentage of the expenses for the year so if there is a way of sorting this out i'd be much appreciated.
If you like to sell products, there are two ways to sell it. You can sell it on auctions like ebay or you can sell it by setting up an online store of your own. There are advantages of both of them.
Doesn't seem very prudent to carry on as usual when you've got so much fake dosh, plus if they really knew and cared seems like they would have set that money to the side while they "investigated" it.
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!
Stocks will bring high redound but at the same time, it will have a high risk of losing value. Selecting what kind of stocks to trade is thus a science and art. There are a lot of people who get rich by stock trading. There are also some people get poor from rich by stock trading.
There are two things to sell, goods or services. You have to sell either something people can use or provide people some service. One obvious service any people own a website is advertisement. Everyone can put advertisement on their web. By doing so, they are providing a service--advertisement.
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.
