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jimspeed |
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jimspeed World Chat Champion
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Nobby the Bastard |
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Nobby the Bastard Harley Gaydar
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mentalboy |
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mentalboy World Chat Champion
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Hetzer |
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Hetzer Super Spammer
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jimspeed |
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jimspeed World Chat Champion
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mentalboy |
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mentalboy World Chat Champion
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panrider_uk |
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panrider_uk World Chat Champion
Joined: 23 Sep 2007 Karma :
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Posted: 21:31 - 15 Aug 2020 Post subject: |
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I put as much stuff through my business as I can get away with.
You'll be needing a new SLR for documenting your work ____________________ Current bike: Honda ST1100 |
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Diggs |
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Diggs World Chat Champion
Joined: 03 Apr 2007 Karma :
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Posted: 22:25 - 15 Aug 2020 Post subject: |
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You can register for self-assessment. Alternatively and possibly more lucrative in your case, speak to an accountant. Depending on your position, he/she may suggest that you form a Ltd Co with yourself and potentially your good lady (assumed) as shareholders.
The trick is to make no profit/pay no tax out of the Ltd Co. Invest everything you do make on new gear, then once you are set up properly, begin to make a taxable profit. ____________________ Now - Speed Triple, old ratty GS550, GSXR750M
Gone (in order of ownership) - Raleigh Runabout, AP50, KH125, GP125, KH250, CBX550, Z400, CB750FII, 250LC, GS550, ZXR750H1, Guzzi Targa, GSX750F, KH250 x2, Bimota SB6R and counting... |
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defblade |
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defblade World Chat Champion
Joined: 30 Apr 2009 Karma :
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Posted: 10:21 - 16 Aug 2020 Post subject: |
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Get public liability insurance. (Can be offset against tax) ____________________ Honda Varadero 125cc => Suzuki Bandit 650 33bhp => 77bhp =>
BMW K1200R Sport 163bhp => Aprilia Shiver GT 750 95bhp |
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jimspeed |
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jimspeed World Chat Champion
Joined: 05 Mar 2010 Karma :
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Old Thread Alert!
The last post was made 3 years, 254 days ago. Instead of replying here, would creating a new thread be more useful? |
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