Category Archives: Business start ups and advice

NEW YEAR & A NEW VENTURE

Business start ups and advice, Business structure, Self employed, Taxation & Self Employment, UK Tax Self Assessment, , , , , ,

 

NEW YEAR & A NEW VENTURE

Starting a new business venture can be a very exciting and thrilling time but have you thought about investing in any advice before you launch. It’s important to speak to the right people when it comes to structuring your new venture because at times you will need to exercise caution and shield yourself from any sudden misfortune.

Nurturing your strength of spirit so that you are strong enough to manage others and write a good pitch when winning business is just as important for you “The owner” as running the business on a daily basis.

So before you leap into your new venture here are some tips & thoughts to consider

TIPS & THOUGHTS

  • What research have you undertaken to check if there is a market for what you are offering which, will supply you with an indication that your venture is a viable one and has potential for growth?
  • Will your new venture be a seasonal business and what provisions have you built in for the other seasons to ensure you have a healthy cash flow?
  • win_icon(3) Pitch ImageWhen you have an opportunity to rent a room from someone on the high street already under a lease with a land lord make sure by proof of disclosure that they have the provision to sub- let. Failure to check and comply can lead to many problems for all parties concerned. This situation can be a costly one and should check before you leap.
  • When pitching and winning business ensure that you present yourself in a professional manner, dress professionally which will help you feel the part when selling your services to others which will put you ahead of your competitors.
  • Pitching your business requires you to practice, practice and practice until you can speak confidently. Videoing yourself in order that you can see how you come across can be a very useful tool because it will allow you to see what others see. If, you don’t like what you see or hear – change it.

You only have one chance to make a great impression so keep it simple and to the point and remember to deliver with confidence.

If this sounds like something you can do with some help with contact Jane by Calling Mb: 07801 287 213 or send her an email at: info@virtualtaxuk.com

Starting a business- speak to Virtual Tax

Business start ups and advice, Professional services, Self employed, Who needs to file a Self Assessment Tax Return?, , , ,

Starting a business can be very exciting and thrilling. Investing in the right advice from the beginning can save you a lot of heart ache down the line.But it’s important to speak to the right people when t come’s to structuring a new venture. The local man in the pub will not do.

When people start a business they can be very consumed at how wonderful their idea is and abdicate in finding out whether ot not there is a market for what they are offering.

If there is a market for what is on offer then the likely hood of it becoming a success is a fine one. Many people today start businesses without understanding the value in taking the right advise from day one. There is value in paying your tax adviser or person who does the number crunching who is experienced in their field to ask those ever important questions that have not yet even crossed your mind.

So here are a few tips to consider

Did you know that advertising your business venture on face book without first registering with HM Revenue & Customs can lead to a lot of problems.

Renting a room from someone on the high street already under a lease with their land lord requires them to check and prove that they have the provision of sub letting built into their contract/ lease.

What research have you undertaken to prove your venture is a viable one and has potential?

Here we have your best interest at heart will ask those uncomfortable questions, why. because we want to make sure you have done your homework and wish to see you be a success at what you love to do…..

If, this makes sense to you and you can see the benefit in acquiring the right information feel free to call us on Mb: 07801 287 213 to see how we can help you best!

How care aware are you?

Business start ups and advice, Business structure, Landlords & Rental Income, Mental Capacity Act, Professional services, Rental accounts, UK Tax Self Assessment, Uncategorized, , , , , , , , , ,

CARE AWARE

In todays society amd from personal experience, I know how difficult it can be to decide what to do when a loved one is taken ill or diagnosed with chronic disease and the impact it can have on day to day running of your business.

The benefit of my experience is that I know what questions need to be asked to ensure YOU make the best decisions and what to consider, plan and structure for in the changing times ahead in regards to those old age problems and rising Care Costs. 

THIS NEW service “CARE AWARE” covers various topics such as:

  • Considerations of what you may have to prepare for when older family members need help and how it may affect you and or your business.
  • Health- Social Care – It’s impact.
    know the difference.
  • Lasting Power of Attorney Finance & Health & Wealth fare
  • The importance of making a will.
  • Considering A Care Home, Ask the right questions.
  • How to manage and cope and structure for changing times ahead when dealing with loved ones who are losing or have lost Mental Capacity.

LPA’S Lasting Power of Attorney

Business start ups and advice, Legal documents, Mental Capacity Act, Professional services, Self employed, , , ,

Lasting power of Attorneys is a legal document which allows the person ( the Doner) who may in the future lose “mental capacity“to make decisions for themsleves.

The Doner appoints an Attorney ( someone they trust ) to make decisions on their behalf.

The benefit of making both Lpa’s is really about making an advanced decision and making sure your affairs both in terms of finance and health & wealfare are taken care of why you are in a position to state your wishes and appoint someone you trust should something happen beyond, your control.

For further information on how we can help you contact Jane Cooper 07801 287 213.

Considering leasing space.

Accountant, Business start ups and advice, Business structure, Self Assessment & Tax Returns, Self employed, Taxation & Self Employment, Who needs to file a Self Assessment Tax Return?, , ,

Here are some thought and considerations on what questions you maywish to ask before it’s too late.

Consider that they have in their lease writen in their terms and conditions that they are able to sub let before they are in breach of contract.

Read the small print

I wish I had read all the terms

For new businesses consider building in to your agreement a break clause after say 6 months.

This protects both parties as not all businesses fly straight away. Life has a terrible way of bringing about unexpected changes. One can always re negotiate.

Consider terms of payment for rent and requires agreement from both parties concerned. Make sure you obtain a receipt for rent paid if it is cash as it will be required by your accountant for your year end accounts. A petty cash receipt should be sufficient.

Is your rent for space inclusive or light, heat and rates?

Remember information is free, advice is paid for

If some of these questions startto ring a bell in your ear and you are thinking of starting a business and wish an appointment to see how I can help you and save you money, please contact me on 07801 287 213. or email me on infor@virtualtaxuk.com. Fees to structure your business apply.

There is value investing in the right advice before you start your business.

Business start ups and advice, H M Revenue & Customs, Professional services, Self Assessment & Tax Returns, Self employed, ,

Starting a business new business venture is all well and good and has possibilities to provide you with a great living. However, all too many people start a business without doing their homework and believe that just because they love the idea have done no homework in making sure that there is a market for what they wish to offer.

Research is one of the fundamental considerations in any business if it is going to be fruitful, otherwise why bother it may as well remain a hobby.

Some people start their business from a passion with a hobby, but it is slow. The value in the slowness is insight into their customers and understanding what their customers want, smelling peak times and lean times.

Being able to smell a trend is also important as to what may be coming up for the line of business you are in. It helps you stay ahead of the curve.

If no one is prepared to pay you for what you are offering does this sound like a viable business or is the expectation of what you are offering perceived as if it should be free?

For further information of what we offer contact email info@virtualtaxuk.com– Topic- Consultation

Renting a Property

Accountant, Book kepping, Business start ups and advice, H M Revenue & Customs, Landlords & Rental Income, Rental accounts, , , , , ,

When you decide to rent out a property you have a responsibility to yourself and the tenant to have in place a tenancy agreement which sets out you the “land lord” and the tennant, stating the terms of the agreement.

When you declare your rental income on your personal self assessment tax return you are required by the rules of H M Revenue & Customs to declare the rent received as per the agreement and not just the rent received in the tax year. For further insight and information on this you are welcome to contact me.

Write the script

Business start ups and advice, Business structure, Rental accounts, Self employed, Tax filing dead lines, UK Tax Self Assessment, Who needs to file a Self Assessment Tax Return?, , , ,

Write a script for your business for your customers write it for you.

For all the clients who have invested in understanding the importance of how and why they are required to be really clear in what they are offering others and what they are not offering others are doing very well in this difficult climate.

The reason, well it’s very simple if you are not clear then the customers will inform you and that is no basis of any successful business.

 

Local Self Assessment Expert

Accountant, Book kepping, Business start ups and advice, Business structure, H M R C Investigations, Professional services, Rental accounts, Self Assessment-uk, Self employed, Tax filing dead lines, UK Tax Self Assessment, Who needs to file a Self Assessment Tax Return?, , , , ,

So, why choose me, Jane Cooper ? That’s simple, because I am an expert in Self assessment and because of my back ground, experience, and knowledge.
Thirty years ago, I worked for H M Revenue & Customs, until the self assessment program was launched in 1995. At that time, I had acquired my training in self assessment just as the program went live to the public. I was head hunted by an accountant for his private practice.
In that, I set up a self assessment program from scratch, with 13years tax returns filed without penalties due to firm, whilst, I developed and maintained strong client relationships. Through out that time, I set up simple systems that worked, met the needs of the owner, HM Revenue & Customs, but more importantly, the needs of the clients.