Beign a snall or even sole employer can be very rewarding – in the absolutely right circumstances. We all know of the one man band who does the PR, marketing, quoting, activity and then his own invoicing. There are many oline business aids about now. The ones with catchy names who offer to deal with the entire fincancial side of this small operation can be a boon. Knowing all the legal side of running a business – taxes, business rates, getting planning permission to use the house etc. VAT returns also. The mobile phone company accounts systems that issue invoices, calculates your VAT, business rates and thus suggests your bottom line profit and loss status is a boon. Needs the right one selecting but they do help the small business get off to a legal start. So many starters fall after the first VAT or tax demand because up front planning was not put in place.
Getting To Grips With Legalities & Business Accounting
