Return to Work Monday...

thekickingmule

Mehning Losers!

Today I'm knackered. Didn't get in until about 11:30 last night, and I can't go to bed straight away for some reason, so I stayed up and went to bed at about 00:25. Wahhh

Today I have to cope with retard minion again. The man's going to ask me how my weekend was, which I'd rather he didn't.

Laters!

veronese68

Morning all,
In the office today, wobbled in through the moisture as I heard on the radio the road was shut just down the road from here. Bad start to the week for someone, there was only one car in the closed section, just after a pedestrian crossing with lots of police taking pictures. I fear someone may not be seeing Tuesday this week.
On a brighter note...
...no, sorry. I've got nothing.

bg13

Happy monday freak lords

Weekend of driving, drinking and skiing! Not at the same time you understand! I am quite the tired chap,at the moment!

More of the same this week, hopefully get the cast off my wrist thursday and get back to normal!

Toodles

oodboo

Morning,
Back at work for a rest. Been what feels like a busy three day weekend with very little sleep. Slightly extended ride into work this morning to take advantage of the nice weather. Going to be a long day and I don't think I've got a front light with me for the ride home.
Laters

oodboo

Good news though, the very wobbly shower head that was held on by electrical tape has been replaced with a new shower head, hose and holder thing. This is good, very good after what I've silently tolerated for the last few months that I've been riding here.

y2keable

With a whole week of skiing behind me (during which time, I proposed to my girlfriend), I now have the post holiday blues. Being back at work more than sucks.

step83

Rubbish weekend to be honest got some bits done Saturday with an old bike frame im playing with. Then Sunday had some bad news with a family member so not really been thinking straight spent my day head buried in things to keep myself busy just need some sleep to be honest at the moment.

thekickingmule

y2keable wrote:

With a whole week of skiing behind me (during which time, I proposed to my girlfriend), I now have the post holiday blues. Being back at work more than sucks.

That was silly. You might regret that (Congratulations)

y2keable

thekickingmule wrote:

That was silly. You might regret that (Congratulations)

Yes, there are consequences for everything you say to a woman.

Clockworkmark31

Greetings all,

Rather boring day of looking in to what I need to do for self employment and still just as confused.

Don't know if I need to set up as a sole trader or a sub contractor.

Stevo_666

thekickingmule wrote:

y2keable wrote:

With a whole week of skiing behind me (during which time, I proposed to my girlfriend), I now have the post holiday blues. Being back at work more than sucks.

That was silly. You might regret that (Congratulations)

If he's a Crudder she wil, have either laughed or run away screaming.

Long day with pedalling at both ends. The first one was a bit soggy. Tomorrow is minion hunting and avoiding idiots.

thekickingmule

Clockworkmark31 wrote:

Greetings all,

Rather boring day of looking in to what I need to do for self employment and still just as confused.

Don't know if I need to set up as a sole trader or a sub contractor.

It's really not that difficult. Will you be working for yourself, or will you only work from contracts? Could someone phone you up and ask you to work, like a plumber? If so, sole trader. Basically, I think you're a sole trader, even if you're not sure (it's the easiest way to start up, you can change it later if need be!)

Clockworkmark31

Thanks and sorry for the late reply, working exclusively for one company, but yeah in theory someone could call me up and ask me to do a job. So that's why I am not too sure.

thekickingmule

I'm signed up as a sole trader. It's easiest, certainly if you're just starting out. As I said, it's easy to change if you believe your circumstances have changed.

If in real doubt, call them up. They are fecking useless at correspondence if it's via email or letter, but once you speak to someone, they can answer questions quickly. Give 'em a ring.

Clockworkmark31

Tried calling them and all I got was someone saying well if you are going to be working for one company why don't they set you up on a PAYE.

Never done it before so all new to me. Only wanted advice from HRMC and they just didn't seem to get it.

If I go for sole trader does that mean I need a business account and to register as a solo trader somewhere? Sorry if they are basic questions but I have always been PAYE.

thekickingmule

In fairness, the HRMC have quite a good point. It would be easier for you if they just set you up on their system!

If you're a sole trader, you literally don't need anything, other than to keep a record of your incomings and outgoings. Create a blank invoice, keep all receipts, make sure you keep a good track of your accounts, and you're done.

Clockworkmark31

Ok, another basic question for people who are sole traders, won't I be landed with a big tax bill at the end of the year? Or is it best just to put a percentage of what I earn away until the end of the tax year.

Asked about getting set up on PAYE, they want self employed and I want the job so catch 22.

thekickingmule

With regards to Tax Bill, yes. Depending on how much you earn, if it's less than £10k (soon to be £11k I think), then you'll earn no tax, and possibly get some money back from items you've bought for your business throughout the year.

Best thing to do, is put some money aside each month, just in case. That way, if you get taxed, you can pay it off instantly.

Clockworkmark31

Thanks it does seem straight forward enough.

What would be the best thing for me to do now, obviously have and incoming and outgoing expense books and put a percentage of money away. Do I need to do anything else?

Don't want to get in trouble with HRMC, do I need receipts or proof of payment, do I need to invoice who I will be working with?

PAYE would be so much easier lol. You got that bolt out yet?

thekickingmule

You'll need to keep all your receipts for anything work related. Petrol, meals, train tickets, tools, cars, computers etc etc.
Keep invoices, you should send them to the person contracting you, but if they just give you the money, keep a record of it (I create invoices, even if I don't send it to them) that way you're covered.

It's really straight forward in fairness. You don't need to worry about doing much either. If you've only just started, your first tax year will consist of a few weeks. The year runs April - April, and the January deadline refers to the previous year, not the current one.

As long as you keep on top of it all, I would recommend dedicating an evening a week to go through all your accounts and get everything organised, then you'll have no problems at all.

Clockworkmark31

Thanks, it does somewhat make sense now. I have always been PAYE so never had to worry about any of this.

I am just starting now, so I want to start on the right terms, ie. no nasty tax bill at the end of the tax year or find out I did something wrong.

One thing I still don't understand (and thankyou for being patient) do I need to register or tell someone that I am a sole trader or subcontractor?

FishFish

Clockworkmark31 wrote:

Ok, another basic question for people who are sole traders, won't I be landed with a big tax bill at the end of the year? Or is it best just to put a percentage of what I earn away until the end of the tax year.

Asked about getting set up on PAYE, they want self employed and I want the job so catch 22.

Well this is the trick. They are trying to avoid the obligations of an employer. Employers NI, holiday pay, pension funding, sick pay and so on. Most of the time it is illegal under employment law even though it may be legal under tax law and contract law. But do not make the mistake of sacrificing benefits for pay now - it will be ok for a while when you are young but is not the basis for meaningful employment.

Clockworkmark31

I have gathered that much FF,

I am wanting to keep on the legal side of things and not to put myself at risk. Not sure if it will be long term or not, but I want to do things in the correct manner.

The only advice I have been given is self employed, and that leads to more questions than answers.

thekickingmule

Clockworkmark31 wrote:

One thing I still don't understand (and thankyou for being patient) do I need to register or tell someone that I am a sole trader or subcontractor?

You have to sign up on HMRC website so they know to ask you for your paperwork. That's about it.