Tuesday, August 24, 2010

I what to start business and run it from home can you give me advice on tax and insurance?

I also like to know the best way to advertiseI what to start business and run it from home can you give me advice on tax and insurance?
It all rather depends on what sort of business you intend on running as to what insurance you may or may not need, what taxes you may or may not be liable for and what is the best way to advertise.





If you provide some more information, you may (or may not) get some sensible answers!I what to start business and run it from home can you give me advice on tax and insurance?
When you start your business you need to contact Inland Revenue within 3 months and pay your contributions.





As a practitioner, in fact any business, you need separate business insurance. You'll need to think about professional liability insurance in case a client decides to sue for what they think is the wrong treatment. The Guild of Complimentary Therapists and one or two other professional bodies offer good deals on this. They buy in bulk, as it were and offer it to their members.





One of the best ways for your to advertise is word of mouth. Every satisfied customer will tell their friends, family and colleagues how much you've helped them.





Think about the treatments you give and the particular conditions that you work with. Advertise that you specialise in these treatments. One practitioner we know specialises in treating horses and sports injuries. She concentrates on building up her reputation in those two markets.





Assuming you're in the UK, speak to your local Business Link for free help and advice on starting up your business. Very helpful.





Good luck!
You need to keep accurate records of all your income and expenditure relating to this business. You need to register as self employed with HMRC within 3 mths of starting and will pay your class 2 NIC by monthly DD which they will set up for you. You will pay your tax in January and July following the tax year in whch it is earned.
I am a reiki master, what level are you at right now? if you are going to do this from home then you need tokeep track of your own taxes. usually keep about 33% aside for taxes of every dollar you take in. as for insurance that is up to you to decide, I know a lot of healers that do not carry insurance cause they cannot afford it. good luck to you if you have questions about reiki than you can email me
Yes I can.





Question is ... will I?

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