Work
at Home Business Setup 
It's
ok, we know you want to get started as soon as
possible...but there are a couple of points we
need to make about setting up your work at home
bussiness.
Registration
& Banking: You
will need to think about company registration. Do you
want to become a Limited company in the future? Then
you should look into starting a designated business
bank account purely for business purposes. This will
help
you with tax returns, accounting and tracking expenditure/income.
There are many options when starting an account, an
increasingly simple and popular choice is an online
business account.
These will integrate into your business more efficiently
and are much faster to set up.
"Consider
PayPal at
this stage. It's personal and business credentials,
the ability to manage, track,
send and receive money in a fully integratable
environment can save you a lot of hassle in the
future. Any work at home executive will find
the shopping cart and payment software very handy
indeed..."
Depending
on your geographical location, you will also need
to think about company registration, declaring taxable
status
and becoming VAT registered. A couple of quick
points to note;
You
will have a maximum of 3 months to register as self
employed to avoid penalty
VAT
registration is only compulsory if turnover exceeds
a minimum amount (around £70'000 in the UK)
Business
registration can be very simple and cost effective
with the aid of a 3rd party company, but note that
this is optional. Many work at home executives are
simply "self employed".
For
more information, please view our resources
and articles section.
Setting up your business
can be made very imple when you know what you need...and
where to find it!
Lets
move on to a more exciting topic...websites!
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