bigdave
Well-Known Member
I've been thinking of building up my freelance work with the intention of eventually going full time working for myself but as I've no experience in seting up or running a business, I wondered if there was anything I (legally) have to do before I start earning money and anything thats perhaps best practice for both setting up and then day to day running?
A few questions have just popped into my head:
When taking on a client its expected that I (the design company) present a contract to be signed by myself & the client to avoid either of us getting ripped off. Is this just a standard contract that can be purchased online and printed off as and when or do I need a legal beagle to draw up a contract on an job by job basis?
How will my new income (all beit very small initially) affect my current full time income with regards to tax, NI etc...
I know that being VAT registered means you can claim VAT back for business related expenses but does the business have to be taking over a certain amount annually to become VAT registered?
How hard is bookkeeping?
A few questions have just popped into my head:
When taking on a client its expected that I (the design company) present a contract to be signed by myself & the client to avoid either of us getting ripped off. Is this just a standard contract that can be purchased online and printed off as and when or do I need a legal beagle to draw up a contract on an job by job basis?
How will my new income (all beit very small initially) affect my current full time income with regards to tax, NI etc...
I know that being VAT registered means you can claim VAT back for business related expenses but does the business have to be taking over a certain amount annually to become VAT registered?
How hard is bookkeeping?