Online Business Savings Account
Really confused, need help explaining what i do next?
Set up a small cleaning business in Oct. I registered as self employed early Dec, I was still in my 3 month bracket. I did it online, but didnt get any conformation, is this right? What do i do now? I have opened a business account. This only got acitvated probably late Nov, so since Oct I had just been putting it in my current account. But now its all going in my business account. I havent got an accountant yet, but what records would I need to show him so he can give it to the tax man? Do I need to make a table of all payments I receive during the week. Someone said to me to take 20% of your weekly earnings, and put in a savings account, so that when you get your tax bill at the end of the year, you pay it from what you hav saved, so you actually have SOME money to pay off the bill. So if i get £100 a week, I put about £20 away? How do i pay NI contributions? Is that all I need to do? Theres nothing else that is going to jump out at me when I dont realise it?? Thanks
I’m in business but I live in Spain so I can’t really help you with the details. What I will say though is consult an accountant. Ask a some other small businesses in your area to get some recommendations about which firm to go with.
Saving Account Payday Loans, Online Payment Processing – Merchantcashadvance.Com
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