Gillingham Job Club (Dorset)

Starting Your Own Business

For information and advice for starting your own business click on the following links:

Business Link          http://www.businesslink.gov.uk/bdotg/action/home        

Andrews and Palmer Business advice (first consultation is free) - located in The Square, Gillingham:     http://www.andpal.co.uk/

...........................................................................................................................................................

 

 BUSINESS MENTORING:  go to:

http://www.dormen.org.uk/  (costs £100 for the year) Dorsetwide mentoring scheme

 

................................................................................................................................................................................

 

 

 

 

 

For those between 18-30 yrs:

Prince's Trust         http://www.princes-trust.org.uk/need_help/enterprise_programme.aspx         

 

FOR HMRC ADVICE:

Self-Employment:  Advice from HRMC on what you need to know:  http://www.hmrc.gov.uk/selfemployed/tmastarting-up-in-business.shtml

If you are self-employed:

If you are newly self-employed, or considering becoming self-employed, HMRC strongly recommends you consider attending a newly self-employed workshop prior to attending a business expenses and Capital Allowances for the self-employed workshop.

Newly self-employed

HMRC cover:

  • how to register your business with HMRC
  • understanding what is meant by employment status
  • different classes of National Insurance contributions
  • basic record keeping
  • the tax return cycle, payments to HMRC and penalties
  • where to go for further help and advice

HMRC recommends you attend this workshop first if you are new to self-employment.

 

Becoming an Employer:

Go to http://www.hmrc.gov.uk/ and search Business Education and Support Teams Events:

What you need to know:

HM Revenue & Customs (HMRC) will show you:

  • how to register with HMRC as an employer
  • the basics of running payroll and the options available including a demonstration of how to use the basic PAYE (Pay As You Earn) tools
  • key employer responsibilities and actions, for example identity checks for new employees, record keeping and national minimum wage
  • the basics of National Insurance and how it is calculated
  • how and when to make Student Loan deductions
  • the principles of PAYE, tax codes and how tax is calculated
  • the important procedures to follow for employees starting and leaving - P45 and P46
  • the employer timetable for online filing, including registration and the benefits
  • how and when to make payments to HMRC

PAYE - expenses and benefits – the basics

HMRC cover:

  • the most common types of expenses and benefits
  • any tax and National Insurance you may have to pay

Dealing with expenses and benefits


 ............................
 
London School of Business and Finance courses:

Book 2 tuition, 2 revision + 2 QB days and receive a free tablet!

                   

 ..................................

Michael Ellis, Gillingham

mike.ellis@accamail.com 01747 833690

Small business advisor.  For help with:

Financial reporting

Taxation

Budgetting

Training

IT Solutions 

....................................