Business Start Up Queries

Is your gardening business classified as running a business from home?

Just because you do invoices/emails and store tools there, surely that is still not the case, as revenue is made outside, even if the address for your business is your home address?

Thanks

 

Thank you for that info, it means a lot. Its one thing doing the job, but another knowing the ins and outs of a business. I will contact an accountant as I'd like to save where I can.

Cheers

 

If your storing tools and equipment specifically for your business at home then your unlikely to be covered under your home insurance.

 

I was self employed for over 25years ( not garden related) .Agree with @shiney ..get an accountant! I did my own for years, have to say no suspicion was detected but I was amazed at all the expenses I had overlooked and yet I had thought I was on the ball.

My husband and I also ran another company from home too but that entailed more accounting/ book keeping, registering with Companies House ( as a Sole Trader you won't need too) and he dealt with that.

Do you homework and start off correctly so you don't get in a pickle later down the line, there's lots of advice out there.


Good luck.

 

As said, you are running a business From home as its the registered address of your business.

For your Tools and Equipment you need to insure them for business use, there are insurers who deal with small businesses, as you will also need Public Liability and any other Insurance deemed necessary for your type of work, again a good insurer can advise, eg cutting down trees might need extra cover.

As highlighted on some of the Police tv programs, take care when using your mowers etc as theives will pounce on them if left unattended for even the shortest time, same with your van.

For Accountants, well if you are making a big turnover fine, but you can find qualified Bookkeepers who will do as good a job for a lot less money.
That said for a smallish turnover with no employess, doing your own self assesment is doable if thats your thing.
Whatever you decide, keep all your receipts for anything purchased in connection with the business.

 

If using your car for work, make sure it insured for business and PLG and check your car tax as well

As lots of people are using cars which are PLG road tax for deliving goods and are geting stopped by police and fined