Is this the year you are going to take control of your destiny and be your own boss? Then you need the Abacus Accountancy “Start-Up Checklist”. Make sure you tick all these boxes before you cut your ties to a regular salary and stability – you may not meet them again for a while 🙂
– Check your current employment contract
Are there any clauses in your contract that state you’re unable to start your own business?
– Be honest
If you setup your new business as a limited company and register as a Director, this information is in the public domain. A suspicious employer could find this out before you decide to tell them!!
Don’t waste company time working on your business idea. Leave on good terms – you never know when you’ll have to call upon your former colleagues or boss for support.
Let HMRC know so you can file your Self Assessment on time and pay the correct tax on your income. It is a legal requirement to inform HMRC once you start earning from your business. Don’t create any additional worry or concern for yourself by not having your taxes organised.
– Work / life balance
Working two jobs can be very tricky to juggle. Remember that your health is important. Don’t work yourself to the point of exhaustion or illness.
– Be organised
Structure your precious time well and you’ll find your productivity levels soar. Set realistic goals and stick to them. There are many Apps that can help organise your time – have a browse and see what fits your lifestyle.
– Find support from a good Accountant
Abacus Accountancy, obvs!!! We’re not just here for tax and year end returns, we can help you write a business plan, source funding and show you how to keep on top of your numbers – that’s our niche.
Get in touch today and we will make sure you are not alone – 01376 34 35 35 or e-mail email@example.com