Having being accepted onto the government New Enterprise Allowance scheme, i’m now an up and trading business! Hurrah!

As you may have guessed there are a few little hurdles for new starters, so i’ll take you along with me as i attempt to tackle them.

First of all Registering with HRMC.

Whether you are setting up a partnership, Ltd company, going self employed, or a sole trader, you must register with the Taxman as soon as possible! Serously. T’aint worth the aggro if you don’t.

If you’re a UK resident, the relevant info is here: https://www.gov.uk/browse/business

It takes 5 minutes and there is a wealth of advice on how to handle your taxes out there. As i am a numerical dunce who genuinely has a freakin panic attack when thinking about taxation, i took a course on the topic via BRAVE

http://www.brave.org.uk/startup

and if you are Bristol based, there is also OUTSET

http://www.outsetbristol.co.uk/

Most areas have equivalent programmes, and theres always the good old Jobcentre if you can stand it… All worth a look – i feel much better about it all…but will still be employing an accountant asap.

Next, Registering the Company Name…phew!

Meanwhile, enjoy this clip of someone giving the Taxman hell xx

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