Best person to see about starting a business?
I am hoping to start my own business.I don't need any financial backing and just want to know the ins and outs of tax, public liability ,what insurance I need etc. I would like to discuss it with someone rather than look up info online.Should I go to my bank or an accountant. I have done alot of research and just need to get started
Small Business - 9 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
First, check out the local chapter of SCORE (you can find it at http://www.SCORE.org). Then consult with both your banker and an accountant. You ask questions that fall within different categories and you should attempt to get the answers from experts in each category.
Answer 2 :
Many local councils have teams of people who are there to offer sound advice to folk with new ventures, I would use these as they may have good insight as to where all aspects of trading are considered.
Answer 3 :
Best place to start in England is Business Link, http://www.businesslink.gov.uk which is the governments access point for all business support. As well as online and telephone support if you have specific issues they can put you in contact with business advisers. What you are asking for is covered in depth on their website
Answer 4 :
If you prefer to talk to someone, you should contact SCORE ("Counselors to America's Small Business"). Score "is a nonprofit association dedicated to educating entrepreneurs and the formation, growth and success of small business nationwide." "SCORE is a resource partner with the U.S. Small Business Administration (SBA)." http://www.score.org/index.html You will have to access the internet, but you do have the option of entering your zip code, so you can find a office/counselor in your area, for in-person mentoring.
Answer 5 :
POST YOUR DETAILS TO RAJEEVJAINSB@YAHOO.COM
Answer 6 :
An accountant would be a good place to start (but then I would say that). However the key thing is to speak to someone who has been in business for themselves (which most certainly wont be a banker). Having been in business for myself for the many years I have known the ups and downs such a lifestyle brings and my experience to date tells me to search for knowledge from people that have been there, done it and crucially are happy to share the information with you. Sometimes that search can take a long time and you may have to kiss a few frogs along the way – which can be very costly! I have been lucky enough to have met many individuals who are happy to do so and I am delighted that the launch of my radio programme BUSINESS WITH ATTITUDE has brought together such a fantastic wealth of knowledge and experience that we can all benefit from. In this weeks programme, David Nicoll poses the question “Are you a Natural Entrepreneur?†and shares some crucial thoughts about what is the natural make up of such a person. David is a very successful Accountant and deals with many serial Entrepreneurs through his practice and witnesses their approach on a daily basis – plus he is a mean Entrepreneur in his own right! Michael Markham bought into a business whilst employed by them and built a large and highly successful organisation -plus several that frankly didn't work! He shares his experience of how to look at a business in the early days . Kate Russell has built a successful employment law organisation -an area where most Entrepreneurs get very nervous, yet by applying the basics life doesn't have to be that difficult or scary. And best of all, it's free with no sign up required!
Answer 7 :
First, i would stay away from SCORE. they are 80 year old retired guys that cant work a computer. Many of their advisors have been out of the work force for over a decade and arent keen to small business. Many consultants exist out there and can help you.
Answer 8 :
I'm with Gary on this one. If you're in the UK, speak to your local Business Link. They run free seminars on starting in business that run through all the questions you've asked. Most business bank managers have no experience of running a business. They're hired to help the bank run its business not help you with yours. Accountants usually charge for their time. Why pay them when you can get the help for free from Business Link? Inland Revenue are good, too. They also run seminars on starting in business. The only bit they won't cover is the insurance side of things - not their area of expertise. Business Link does cover that. Good luck with your business
Answer 9 :
Go to an accountant! The bank will tell you what the rules are etc but an accountant will show you how to save money. Even if you only keep the accountant for the first year, then use the experience you have gained to run things yourself after that. He will save you far more than his fee costs! He will explain tax allowances, national insurance, insurance, liability, employment rules, book-keeping, etc. We are a small business and getting a good friendly accountant was the best move we ever made. There are so many things that we hadn't even thought of. He has saved us literally thousands over the last 3 years. And he will keep you up to date on any changes in tax or employment law.
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Friday, March 28, 2014
Friday, March 14, 2014
At what age do you think you become a grown up?
At what age do you think you become a grown up?
I think its when you have kids or buy a mortgage. Or something like that. You know, when you make a big commitment to something other than yourself. I'm 24 and studying to be an accountant and i still see other people as grown ups lol. Even though I moved out of my parents house over 2 years ago!
Other - Society & Culture - 14 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
18
Answer 2 :
Well whenever you start to mature, like getting into adult buisness. Not have kids but buy a morgage i guess so
Answer 3 :
It also can be when you have been through a tramadic evant and have a greater respect for life. I am 26 married and have a house and I am still growing up!
Answer 4 :
In my experience of life, I have seen that a 10 years old child can be more mature than a 50 years old adult.
Answer 5 :
Some people never grow up, it took me until i was about 30, lol. Lads in our school had jobs and a very mature attitude when they were 17 so it depends on the person. I think responsibilty has a lot to do with it. If you have a child (like me) that certainly makes you view things differently. But a mortgage or some kind of responsible job will help. Also, there will always be people who seem grown up no matter how old you are.
Answer 6 :
when the first time I got wet dream
Answer 7 :
I'm 32 and I don't see grown-ups - only people playing in suits acting serious. People tend to confuse being serious with being grown-up. By the way, I'm probably just a big kid. I have matured by way of responsibility, but still try to maintain an outlook of life that it is a joyride from start to finish no matter the bumps in the way.
Answer 8 :
when you are mentally mature and capable of reasoning
Answer 9 :
i don't think it is an age as much as it is a level of maturity because i see people older than me that are immature in an area that they should have grown out of a long time ago, though they are adults
Answer 10 :
I grew up at 14 and a half. My father died and I left school to start work. I had no choice in the matter. It all depends on circumstances, some people have to grow up very quickly, like me. Others are pampered and do not feel the need to mature. I still think of myself as a youngster even though I am over 60. Keep looking at other people as OLD, it helps to keep YOU young.
Answer 11 :
U R astute: attitude is more important than age - some folk remain immature all their life & others, like the eldest of orphans, grow up fast, yes? 1 - 10 of about 926,000 for what age do you think you become an adult?. (0.14 seconds) Search Results At what age do you become an adult in the state of Georgia ... At what age do you become an adult in the state of Georgia? I've heard that you become an adult at the age of 18. (like most states) ... http://www.answers.yahoo.com/question/index?qid=20090112182744AARNnTA - 35k Are you an adult at age 18 or at 30? - Yahoo! Answers I think you can be an adult at any age. I think an adult is someone who can stand on ... Age does not determine whether or not you are an Adult ACTIONS Do ... http://www.answers.yahoo.com/question/index?qid=20090112071052AAdhbIj - 16 hours ago More results from answers.yahoo.com » At what age do you really become an adult, in some countries it is... 10 posts - Last post: 8 Apr 2007 At what age do you really become an adult, in some countries it is 18 in some 21 . are these 2 correct or do you think it is more like 25 I ... http://www.answerbag.com/q_view/191211 - 56k Me? I'm 61 @ 27th Jan & goin' rapidly into 2nd childhood >>>>>>>>>>>>>>>>>>>>>>>> Yah, sucks, boo, bah, humbug !!! LOL
Answer 12 :
When you give up on being immature, childish and bedtime stories =)
Answer 13 :
I think it's retrospective. One day you will suddenly realise that you are an adult and you will start to cast your mind back to find the moment when it happened.
Answer 14 :
21. That's when you stop growing.
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I think its when you have kids or buy a mortgage. Or something like that. You know, when you make a big commitment to something other than yourself. I'm 24 and studying to be an accountant and i still see other people as grown ups lol. Even though I moved out of my parents house over 2 years ago!
Other - Society & Culture - 14 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
18
Answer 2 :
Well whenever you start to mature, like getting into adult buisness. Not have kids but buy a morgage i guess so
Answer 3 :
It also can be when you have been through a tramadic evant and have a greater respect for life. I am 26 married and have a house and I am still growing up!
Answer 4 :
In my experience of life, I have seen that a 10 years old child can be more mature than a 50 years old adult.
Answer 5 :
Some people never grow up, it took me until i was about 30, lol. Lads in our school had jobs and a very mature attitude when they were 17 so it depends on the person. I think responsibilty has a lot to do with it. If you have a child (like me) that certainly makes you view things differently. But a mortgage or some kind of responsible job will help. Also, there will always be people who seem grown up no matter how old you are.
Answer 6 :
when the first time I got wet dream
Answer 7 :
I'm 32 and I don't see grown-ups - only people playing in suits acting serious. People tend to confuse being serious with being grown-up. By the way, I'm probably just a big kid. I have matured by way of responsibility, but still try to maintain an outlook of life that it is a joyride from start to finish no matter the bumps in the way.
Answer 8 :
when you are mentally mature and capable of reasoning
Answer 9 :
i don't think it is an age as much as it is a level of maturity because i see people older than me that are immature in an area that they should have grown out of a long time ago, though they are adults
Answer 10 :
I grew up at 14 and a half. My father died and I left school to start work. I had no choice in the matter. It all depends on circumstances, some people have to grow up very quickly, like me. Others are pampered and do not feel the need to mature. I still think of myself as a youngster even though I am over 60. Keep looking at other people as OLD, it helps to keep YOU young.
Answer 11 :
U R astute: attitude is more important than age - some folk remain immature all their life & others, like the eldest of orphans, grow up fast, yes? 1 - 10 of about 926,000 for what age do you think you become an adult?. (0.14 seconds) Search Results At what age do you become an adult in the state of Georgia ... At what age do you become an adult in the state of Georgia? I've heard that you become an adult at the age of 18. (like most states) ... http://www.answers.yahoo.com/question/index?qid=20090112182744AARNnTA - 35k Are you an adult at age 18 or at 30? - Yahoo! Answers I think you can be an adult at any age. I think an adult is someone who can stand on ... Age does not determine whether or not you are an Adult ACTIONS Do ... http://www.answers.yahoo.com/question/index?qid=20090112071052AAdhbIj - 16 hours ago More results from answers.yahoo.com » At what age do you really become an adult, in some countries it is... 10 posts - Last post: 8 Apr 2007 At what age do you really become an adult, in some countries it is 18 in some 21 . are these 2 correct or do you think it is more like 25 I ... http://www.answerbag.com/q_view/191211 - 56k Me? I'm 61 @ 27th Jan & goin' rapidly into 2nd childhood >>>>>>>>>>>>>>>>>>>>>>>> Yah, sucks, boo, bah, humbug !!! LOL
Answer 12 :
When you give up on being immature, childish and bedtime stories =)
Answer 13 :
I think it's retrospective. One day you will suddenly realise that you are an adult and you will start to cast your mind back to find the moment when it happened.
Answer 14 :
21. That's when you stop growing.
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Friday, March 7, 2014
What is a good book about starting a business in the UK?
What is a good book about starting a business in the UK?
I need a book that covers the basics in terms of opening a business in the UK, with a special focus on the tax part, what do I need to do, what I can do myself, for what things I need an accountant, etc... Thanks :-)
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Not so much of a book, but a good website for starters The 'Dragons Den' website has lots of information, a glossary of terminology and lots of good links Good Luck in your venture
Answer 2 :
a business book
Answer 3 :
Not sure about books but I found these people helpful www.head4biz.com Tel. +44 (0) 020 8691 3800 They cover these areas Head for Business helps and supports individuals and organisations in the creative and cultural industries through the provision of a range of services. One-to-one business advice: Anyone thinking of starting a business or already in business can meet one of our qualified and experience business advisers for a one-to-one meeting to discuss how to take their business idea forward. Training courses: A range of training course for those thinking about starting a business, those in business and for those wanting to start a social enterprise. Young Enterprise Programme (YEP): A high quality training programme for 16-25 year olds, where participants are introduced to young professional practitioners and entrepreneurs from the creative industries and get to explore entrepreneurship by doing. Market Intelligence Service: A service for anyone looking for new product trends, or competitive analysis of new or existing products in the creative and cultural industries. Peer-led Micro Lending Scheme: Allows for individuals to borrow upto £1500 (in the first instance) for their business, subject to approval of a group of their peers. Partnership Working: Undertaking joint projects with a variety of organisations to add value and support the development of entrepreneurship They were helpful but I just do not have any capital at the moment to start off. Also try www.franchiseexpo.co.uk Good luck
Answer 4 :
For imagery and building a website I used www.thedigitaloffering.com they did an awesome job and it was very affordable
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I need a book that covers the basics in terms of opening a business in the UK, with a special focus on the tax part, what do I need to do, what I can do myself, for what things I need an accountant, etc... Thanks :-)
Small Business - 4 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Not so much of a book, but a good website for starters The 'Dragons Den' website has lots of information, a glossary of terminology and lots of good links Good Luck in your venture
Answer 2 :
a business book
Answer 3 :
Not sure about books but I found these people helpful www.head4biz.com Tel. +44 (0) 020 8691 3800 They cover these areas Head for Business helps and supports individuals and organisations in the creative and cultural industries through the provision of a range of services. One-to-one business advice: Anyone thinking of starting a business or already in business can meet one of our qualified and experience business advisers for a one-to-one meeting to discuss how to take their business idea forward. Training courses: A range of training course for those thinking about starting a business, those in business and for those wanting to start a social enterprise. Young Enterprise Programme (YEP): A high quality training programme for 16-25 year olds, where participants are introduced to young professional practitioners and entrepreneurs from the creative industries and get to explore entrepreneurship by doing. Market Intelligence Service: A service for anyone looking for new product trends, or competitive analysis of new or existing products in the creative and cultural industries. Peer-led Micro Lending Scheme: Allows for individuals to borrow upto £1500 (in the first instance) for their business, subject to approval of a group of their peers. Partnership Working: Undertaking joint projects with a variety of organisations to add value and support the development of entrepreneurship They were helpful but I just do not have any capital at the moment to start off. Also try www.franchiseexpo.co.uk Good luck
Answer 4 :
For imagery and building a website I used www.thedigitaloffering.com they did an awesome job and it was very affordable
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Saturday, March 1, 2014
Paying tax before the tax year is over on a self-assessment ?
Paying tax before the tax year is over on a self-assessment ?
A family member has just received a tax bill from his accountant on a self-assessment. They have asked him to pay 08-09's tax plus the predicted tax for 09-10 by January 2010. Is this normal practise to ask for tax that cannot be calculated yet ?
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes, it's called a Payment on Account. They are common for self-employed people.
Answer 2 :
Yes, this is normal practice. The amount he is asked to pay is based on last year's tax bill, and is half the amount of expected liability. There will be a similar amount in July, unless he has sent in his Tax Return, which will be issued in April. If liability less, he will get a reduced bill in July, if more, he will be asked to pay the same amount, but with a balancing payment in January 2011. This system attempts to give some parity with employed people, who have to pay tax as they earn the money. No months of free use of tax money for them. If relative thinks tax bill likely to be excessive (perhaps because profits are down) he can ask for a postponement. But if it is found the money was due all along, he will be charged interest on late payment from 31st January until money paid.
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A family member has just received a tax bill from his accountant on a self-assessment. They have asked him to pay 08-09's tax plus the predicted tax for 09-10 by January 2010. Is this normal practise to ask for tax that cannot be calculated yet ?
United Kingdom - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes, it's called a Payment on Account. They are common for self-employed people.
Answer 2 :
Yes, this is normal practice. The amount he is asked to pay is based on last year's tax bill, and is half the amount of expected liability. There will be a similar amount in July, unless he has sent in his Tax Return, which will be issued in April. If liability less, he will get a reduced bill in July, if more, he will be asked to pay the same amount, but with a balancing payment in January 2011. This system attempts to give some parity with employed people, who have to pay tax as they earn the money. No months of free use of tax money for them. If relative thinks tax bill likely to be excessive (perhaps because profits are down) he can ask for a postponement. But if it is found the money was due all along, he will be charged interest on late payment from 31st January until money paid.
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