How did becoming VAT registered change your business?

[Steve Bullman]

Just now, Donnie said:

I already pay an accountant for my books as a sole trader, as he easily saves me the money I pay him with his tricks and it keeps everything right so not bothered for paying an accountant at all. Worth letting them crack on!

 

 

I pay an account also, would he a fool not to. You don’t need an accountant to do your vat return though, unless you are still doing everything on paper? If you are using quickbooks or something similar then a bay return takes approximately 30

seconds depending on the speed of your internet connnection 

[Steve Bullman]

1 minute ago, Joe Newton said:

I don't want a new pickup. The extra money would be useful for coke and bitches though. 

If Andrew Tate was a tree surgeon he’d be called Joe Newton 

[Joe Newton]

1 minute ago, Donnie said:

I already pay an accountant for my books as a sole trader, as he easily saves me the money I pay him with his tricks and it keeps everything right so not bothered for paying an accountant at all. Worth letting them crack on!

 

 

Sounds like a no brainer for you mate.

 

Remember when you realised that as a self employed person kit was 20% cheaper?

 

Same again but with a healthy rebate on top.

 

Most of my clients are VAT registered anyway (though some are on a weird scheme where they only pay 10% or something).

 

For the ones that aren't registered there's an easy workaround. 

[Joe Newton]

2 minutes ago, Steve Bullman said:

I pay an account also, would he a fool not to. You don’t need an accountant to do your vat return though, unless you are still doing everything on paper? If you are using quickbooks or something similar then a bay return takes approximately 30

seconds depending on the speed of your internet connnection 

I don't pay an accountant. I would prefer to buy my dad was a head of finance for a multinational corporation. Hence "overqualified". He's very capable but a little bit straight laced sometimes. 

1 minute ago, Steve Bullman said:

If Andrew Tate was a tree surgeon he’d be called Joe Newton 

If that were true those bitches would be paying me, damnit.

[Steve Bullman]

To put it into perspective, every time you go and stick £60 worth of fuel in your truck that receipt they give you suddenly becomes a £10 voucher 

[Donnie]

1 hour ago, Joe Newton said:

I don't pay an accountant. I would prefer to buy my dad was a head of finance for a multinational corporation. Hence "overqualified". He's very capable but a little bit straight laced sometimes. 

If that were true those bitches would be paying me, damnit.

But my dad would still batter your dad. 

[Donnie]

1 hour ago, Steve Bullman said:

I pay an account also, would he a fool not to. You don’t need an accountant to do your vat return though, unless you are still doing everything on paper? If you are using quickbooks or something similar then a bay return takes approximately 30

seconds depending on the speed of your internet connnection 

I write my invoices out on Excel, print my copy and email it to the contractor I work 5 days a week for. 

[Will C]

29 minutes ago, Donnie said:

I write my invoices out on Excel, print my copy and email it to the contractor I work 5 days a week for. 

5 days every week for the same  1 contractor? Be careful you meet the self employed regulations 

[Donnie]

8 minutes ago, Will C said:

5 days every week for the same  1 contractor? Be careful you meet the self employed regulations 

Will this be a problem going VAT? 
Or is this already a problem in the eyes of the tax man etc as a sole trader?

 

They wouldn't employ us as they'd see the real costs of cutting more than likely

[Will C]

It’s all ready a problem. Can’t remember what it is but there is a time limit you can work se for 1 person/contractor/company. You need to mix it up a bit and invoice someone else every few weeks. Evan if you work for your mate for a few days and he works for you a day next week