Buying your dreamed home now!
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.
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.
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.
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.
The advantage of an online store of your own is freedom. Your store will look whatever you want it to be. You can list as many products as you like. The disadvantage is you have to spend time to design your site and get traffic. That means you have to be good at marketing.
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!
