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kevinbandy · 08-01-2010, 04:06 PM

Hello everybody
I am in full time employment and have no plans of leaving but I have just started a web based business selling a product I constuct myself,I wish to do things right and not have any issues in the future.I predict to have a turn over of 7000k with a profit of 4500k

So please help me with the following questions:

1. Set up as a sole trader or a limted company ?

2. No company wishes to give me public liability insurance,any ideas ?

3. Do I get taxed on every penny profit I make ? and does my paye tax get affected ?

4. If working from home what extra expenses can I claim for,i.e heating,elec % of my mortgage ?

Any advice is welcome and please view my website and all feedback is welcomed stinger2000.com

Many thank
Kevinb

08-01-2010, 04:06 PM	#1 (permalink)
kevinbandy Newbie User type: Contractor Join Date: Jan 2010 Posts: 1 Thanks: 0 Thanked 0 Times in 0 Posts	Advice needed ! Hello everybody I am in full time employment and have no plans of leaving but I have just started a web based business selling a product I constuct myself,I wish to do things right and not have any issues in the future.I predict to have a turn over of 7000k with a profit of 4500k So please help me with the following questions: 1. Set up as a sole trader or a limted company ? 2. No company wishes to give me public liability insurance,any ideas ? 3. Do I get taxed on every penny profit I make ? and does my paye tax get affected ? 4. If working from home what extra expenses can I claim for,i.e heating,elec % of my mortgage ? Any advice is welcome and please view my website and all feedback is welcomed stinger2000.com Many thank Kevinb Last edited by Admin; 29-01-2010 at 11:34 PM.