Quote:
Originally Posted by Hog
WOW!!! Really??? I'm sure Revenue & Customs would love to come and talk to you and look through your books  Did we even mention VAT? I would suspect that for a while he wouldn't even need to register for VAT as his turnover wouldn't be over the threshold.
Hammerhead - perhaps you should speak to someone who knows what they're talking about and can advise on you on what the difference is between "running costs" and "capital expenditure" - the difference between the running expenditure (what will show you a profit/loss in your opening period) and what goes on to your Balance Sheet as assets and liabilities.
All I can do is advise you to do as much research as possible before you dive in. I've tried to help but Bob obviously knows my job far batter than I do so I'll leave it up to his expert opinion to guide you on your merry way. |
hey bob thanks for the help i know not to dive in i am going to do as much research as possible before anything happens i have a apointment to day with my buisness advisor and ill get him to explain everything to me down to the last cup of coffy being made on the premises lol as the last thing i want is for this to fail its going to be my livleyhood after all the last thing i wanted was for people having digs at each other on the thread so i will let you all know what my advisor says after ive seen him
