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Top Questions Asked by Start-ups

Discussion in 'Retail Business Advice and start ups' started by fd.ltd.uk, Mar 20, 2012.

  1. Normany

    Normany

    Joined:
    Sep 27, 2013
    Messages:
    13
    If i was to start an ebay business, Would it be more const effective for me to run as a sole trader? thus saving on accouting cost etc?
  2. Gary

    Gary

    Joined:
    Aug 22, 2009
    Messages:
    16,364
    It is cheaper to operate as a sole trader yes, although you still need to keep books and submit tax returns this is far more basic than the requirements for a ltd company so even if going through an accountant it would work out cheaper
  3. Normany

    Normany

    Joined:
    Sep 27, 2013
    Messages:
    13
    i dont have to pay VAT right untill i dont cross the threshold? correct ?
  4. Gary

    Gary

    Joined:
    Aug 22, 2009
    Messages:
    16,364
    That is correct, basically you can just forget VAT completely until you reach the threshold in a rolloing 12 month period (not the tax year)

    Basically you obviously pay VAT on purchases and cannot claim it back if unregistered, however, you don't need to pay it on your sales either, so although you can technically register for VAT at any time, it's seldom worth doing so until you need to.
  5. ThomasStr

    ThomasStr

    Joined:
    Feb 10, 2014
    Messages:
    8
    This is a very informative post. Thanks for that!
  6. Tonzeff

    Tonzeff

    Joined:
    May 2, 2014
    Messages:
    5
    Very informative Thank you!!:)
  7. livetvaccess

    livetvaccess

    Joined:
    Oct 29, 2008
    Messages:
    14
    This is a fantastic post, very helpful for me here in Ireland because the system is very similar, thanks fd.ltd.uk
  8. delwin

    delwin

    Joined:
    Dec 4, 2014
    Messages:
    6
    Hello
    Good information.
    thanks for this sharing.
  9. annagreenang

    annagreenang

    Joined:
    Jul 6, 2018
    Messages:
    18
    Thank you for your great tips, soon I'll be starting my own business and will keep your suggestion in mind
  10. annagreenang

    annagreenang

    Joined:
    Jul 6, 2018
    Messages:
    18
    Wow, thanks for sharing such helpful information with us.
  11. EzoneDistribution

    EzoneDistribution

    Joined:
    Jan 12, 2011
    Messages:
    32
    Very helpful tips for start-ups.
  12. GOlsen

    GOlsen

    Joined:
    Apr 13, 2014
    Messages:
    12
    this site is a godsend! thanks for the info!
  13. JN2802

    JN2802

    Joined:
    Feb 28, 2014
    Messages:
    14
    Helpful tips!
  14. Imran41

    Imran41

    Joined:
    Nov 7, 2018
    Messages:
    9
    You have given some answer that i was looking for. thanks.
  15. AlbertDavid

    AlbertDavid

    Joined:
    Jun 12, 2019
    Messages:
    7
    Good one. One that all the new business owners should read. Great work!
  16. Rita Berg

    Rita Berg

    Joined:
    Mar 17, 2019
    Messages:
    10
    Investors rely on business plans to evaluate the feasibility of a business before funding it, which is why business plans commonly are associated with getting a loan.In this regard, what tools of financial modeling and business planning do you use?
  17. Rita Berg

    Rita Berg

    Joined:
    Mar 17, 2019
    Messages:
    10
    Are you prepared to invest significant time into the business to get it up and running?
  18. Lilysun

    Lilysun

    Joined:
    Jan 9, 2020
    Messages:
    8
    For me this information was very useful, thanks. Now I need to change something in my plans.
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