What do I have to do to become self employed?

Assuming you have important matters like choosing a name for your business sorted (No?  then CLICK HERE for more) then one of the best things about becoming self employed is how easy it is to get started. There are a number of steps you must or should take to get it right first time.

You must register with the Revenue & Customs. This must be done within 90 days of starting trading and the easy way is online. CLICK HERE to go the HMRC to register now in seconds.

Think about what Business Insurance you need to protect you, your business and your customers. You will almost certainly need Public Liability insurance, if you have staff you must have Employers Liability Insurance and if you give advice you will need to protect yourself with Professional Indemnity Insurance to name just 3! - so CLICK HERE to go to the relevant page.

Think about whether you should register for VAT straight away or not. A lot will depend on your customers but either way CLICK HERE to find out about VAT and online registration.

Open a Business Bank Account. You need to keep your business dealings separate from your personal life, and avoid unnecessary Accountant’s fees in the process, so shop around and see who will give you the best deal. Don't forget - In Business, everything is negotiable

 

This is by far and away the best Reference Book for all serious Start-Ups