Vat killing me!

[simonm]

Unfortunately you need to accept your winning quotes percentage will go down, so you need to quote more and work harder to make the government more Tax for them.

 

I suppose they do need to fill their offshore accounts up ready for early retirement.

[Stephen Blair]

You have to add the vat and work like a dog and be miserable or pick your top 5 customers, ditch the rest and find another good 5 customers and repeat, charge them more, give them a better service, they will pay and unfortunately the ones you have been doing for years because they knew your granny will have to wait, and if you feel that bad, do them for next to nothing at the end of the day or week after you have made enough.

[Steve Bullman]

You need to take into account the VAT you will now be reclaiming, this will reduces your costs, this may well mean you only actually need to charge an extra 10 or 11%.

 

Surely that can only balance things out if your monthly expenditures are about 50% of your income. Good way to go broke

[simonm]

You have to add the vat and work like a dog and be miserable or pick your top 5 customers, ditch the rest and find another good 5 customers and repeat, charge them more, give them a better service, they will pay and unfortunately the ones you have been doing for years because they knew your granny will have to wait, and if you feel that bad, do them for next to nothing at the end of the day or week after you have made enough.

 

Nobody wants to pay for stuff doing around here! i had a woman ask for 90' of 20' high conifer hedge felling and grinding out and the most expensive fence panels putting in, when i gave my price she asked if i could reduce costs, i said yes buy cheaper panels, her reply was can you not reduce you day rate! NO!!! we get jobs done quicker than most firms we are clean and tidy, i have invested heavily in new tackle in the last year, maybe you are right i should target new customers and bigger jobs.

[White Noise]

Tbh it has got me down a bit, i see what folk are saying about claiming stuff back but as soon as people get a whiff of vat they go elsewhere! few people seem to be bothered about a job being done right and just want it done cheap! i dont wanna be riding allover Saturday mornings looking at work i know i am out priced in! just seems like another kick in the nuts from the uk

 

Sorry but now you mentioned it I have seen some really poor quality tree work done by AA approved contractors at an over inflated price . Then on the other hand I have seen some beautiful sympathetic reductions done by the smaller tree firms at a vastly cheaper rate . Just saying

 

I always find that when you win a job on price alone the customer still wants perfection

[skyhuck]

Surely that can only balance things out if your monthly expenditures are about 50% of your income. Good way to go broke

 

There will be very few tree firms (not subies) making more than 50% profit, IMO.

 

I'm on the flat rate scheme and pay 11%, some how I can't see the HMCE loosing out.

[roseyweb]

Wait till you get a 721£ fine for paying a bill 10 days late

I won't eat this month

 

We're looking to start operating put of Panama,

[Steve Bullman]

There will be very few tree firms (not subies) making more than 50% profit, IMO.

 

I'm on the flat rate scheme and pay 11%, some how I can't see the HMCE loosing out.

Profit doesn't come into it. The majority of expenditures will likely be wage bills, no vat there. when I said expenditure before, I meant vat applicable expenditure.

[skyhuck]

Wait till you get a 721£ fine for paying a bill 10 days late

I won't eat this month

 

We're looking to start operating put of Panama,

 

Thats outrageous!!!!!!

 

How much was the bill and what for???

[skyhuck]

Profit doesn't come into it. The majority of expenditures will likely be wage bills, no vat there. when I said expenditure before, I meant vat applicable expenditure.

 

So why is the flat rate scheme 11%, why would the VAT man cut such a sweet deal?? I only save around £800 per year on the FRS, so not miles off actual cost.