Critical Mistakes to Avoid When Starting Your Own Business скачать в хорошем качестве

Critical Mistakes to Avoid When Starting Your Own Business

Embarking on your self-employed journey in the UK is incredibly rewarding, but navigating the initial setup and ongoing financial obligations can feel like a minefield. In this video, I explain how to sidestep common pitfalls that trip up many new business owners, ensuring you build a robust and tax efficient enterprise from day one. Discover the critical steps for choosing your legal structure, setting up simple bookkeeping, understanding VAT, managing your money for tax, and the one crucial financial habit that separates thriving founders from those facing financial turmoil. Book a free call with us: https://bit.ly/UqwWpkCbsgM ESSENTIAL BUSINESS VIDEOS:    • Every Way UK Companies Can Pay Less Tax (2...      • Every Way to Extract Money From Your LTD (...      • UK Business Owners: DO THIS with Your Inco...   TIMESTAMPS 0:00 Risks of starting a UK business 1:03 Sole trader or Limited company? 5:08 Business bank accounts 6:30 Simple bookkeeping 9:09 How to track your cash 10:07 How VAT works 12:03 Tax and NI 13:35 How to pay yourself 15:06 PAYE and pensions 15:54 Allowable expenses 17:12 How to invoice and get paid 18:12 Cashflow vs profit 19:51 Building an emergency fund 21:31 R&D tax credits 23:20 Set the right price 25:30 How to stay ahead of HMRC Brand Partnerships/Sponsorships - [email protected] FOLLOW US Facebook - https://bit.ly/Helpbox_Facebook Tiktok - https://bit.ly/Helpbox_Tiktok Instagram - https://bit.ly/Helpbox_Instagram X - https://bit.ly/Helpbox_X LinkedIn - https://bit.ly/Helpbox_LinkedIn [All opinions are my own. All information and advice given is correct at time of filming]