Sole Traders?

[LCFCmonkey]

I'm looking at starting a small business on my own just to try to get a little extra pocket money.

Firstly, I have no idea what i'm doing in regards to tax, finances, etc. Obviously I have a full-time job, so I will be doing this part-time, and I am assuming that 100% of my profits will be taxed on.

How is the best way to go about starting the company, and what percentage should I be putting aside for Tax?

Any help would be appreciated. And like I said, This will not be my full-time job, just a way to make a little extra pocket money if possible.

 

[Jeff]

When I started working for myself I got a lot of good info from here: http://www.hmrc.gov.uk/startingup/index.htm

 

[LCFCmonkey]

When I started working for myself I got a lot of good info from here: http://www.hmrc.gov.uk/startingup/index.htm

Thank you, i'll take a look at that.

 

[camberwell fox]

I'm looking at starting a small business on my own just to try to get a little extra pocket money.

Firstly, I have no idea what i'm doing in regards to tax, finances, etc. Obviously I have a full-time job, so I will be doing this part-time, and I am assuming that 100% of my profits will be taxed on.

How is the best way to go about starting the company, and what percentage should I be putting aside for Tax?

Any help would be appreciated. And like I said, This will not be my full-time job, just a way to make a little extra pocket money if possible.

I think with Avon you just get commission don't you?

 

[Hector]

I think your product range is two narrow (even if you include both Dover and lemon). I suggest you broaden it to encompass plaice and flonders.

 

[Blue Maniac]

I think your product range is two narrow (even if you include both Dover and lemon). I suggest you broaden it to encompass plaice and flonders.

And a flonder is...?

 

[Real Sharapova]

And a flonder is...?

A denuded flounder?

 

[Motown Fox]

Its a flounder without u!!

 

[FryattFox]

I think your product range is two narrow (even if you include both Dover and lemon). I suggest you broaden it to encompass plaice and flonders.

Also you've completely disregarded the shoe market...

 

[Motown Fox]

I found business link very usefull and they have courses you can go on and they have them in the evenings and during the day

http://www.businesslink.gov.uk/bdot...gov.uk&target=http://www.businesslink.gov.uk/