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Old 21-08-2007   #7
grumpygrouter
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Default Re: Sole Trader or Business

Quote:
Originally Posted by Unregistered View Post
Ok thanks for the advice. I'm not VAT registered in my current role. I'm a pro dj, but am sick of the late nights, no social life and the M25! So thats why i'm looking to move into tiling, it's something I've always been really into.
If I did both jobs together, I would push the VAT threshold very close...but as I'm looking to slowly fade out the night work it shouldn't be an issue.

So I take it, a good idea would be to set up a business bank account?, then have all "official" incomes running through the business bank account, and then pay myself a wage from there?

Thanks for your time
Mark
Correct, good luck if you take up the tiling. Abbey Business is free banking BTW.

Grumpy

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