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DG Cleaning

  • Posts: 1726
Re: Going past VAT threshold
« Reply #20 on: August 05, 2013, 06:47:52 pm »
The only logic I can see if you want to break the vat threshold would be to smash straight through and take turnover above and beyond 100k asap. :D
Unfortunately as we all know it can take a while to build a full round of decent paying customers, so it won't be easy to get the 2nd van in to profit especially with the vat killing it aswell.

I know its not easy but if it was me I'd canvass like mad even employ a small team of canvassers or mass leaflets drops.
Any time spent just over the threshold is wasted you would be better off just under.

steve rix

  • Posts: 816
Re: Going past VAT threshold
« Reply #21 on: August 05, 2013, 07:11:56 pm »
Get custies to pay cash and pocket it.

britishwill

  • Posts: 536
Re: Going past VAT threshold
« Reply #22 on: August 05, 2013, 09:51:11 pm »
Hi HampshireWindowCleaning

I am in same situation. I am going flat rate you get a 1% reduction for the first year too!

I am really going to put the pressure on advertising, van sign written, A board outside house, (we mainly do very large houses so not too much hassle), free advert on yell, door to door canvassing, email to all clients introducing refer a friend.
I have never advertised before as I had another company selling Christmas and got 90% of my clients from that and the rest from word of mouth.
I think once the ball is rolling you will be fine but maybe get an extra pair of hands part timer turning into full timer to help with all the first cleans. Let me know how you get on, maybe we can help each other out with pitfalls etc etc!

roundbuilder

Re: Going past VAT threshold
« Reply #23 on: August 05, 2013, 09:58:46 pm »
Hi HampshireWindowCleaning

I am in same situation. I am going flat rate you get a 1% reduction for the first year too!

I am really going to put the pressure on advertising, van sign written, A board outside house, (we mainly do very large houses so not too much hassle), free advert on yell, door to door canvassing, email to all clients introducing refer a friend.
I have never advertised before as I had another company selling Christmas and got 90% of my clients from that and the rest from word of mouth.
I think once the ball is rolling you will be fine but maybe get an extra pair of hands part timer turning into full timer to help with all the first cleans. Let me know how you get on, maybe we can help each other out with pitfalls etc etc!


You sold christmas??


Jim Waugh(Albright & Shiny)

  • Posts: 559
Re: Going past VAT threshold
« Reply #24 on: August 05, 2013, 10:11:19 pm »
No the deal fell through , something to do with the sanity clause...

Total shine cleaning services

  • Posts: 895
Re: Going past VAT threshold
« Reply #25 on: August 06, 2013, 08:17:40 am »
if you're on flat rate(12%) can you charge 20% a d keep the difference..?

Graham

formb

Re: Going past VAT threshold
« Reply #26 on: August 06, 2013, 08:31:24 am »
Quote from: Totalshinemk
if you're on flat rate(12%) can you charge 20% a d keep the difference..?

Graham

You can charge whatever you like, as long as you give the tax man his cut. When you provide a VAT invoice it still needs to say 20% whether you are flat rate or not.

britishwill

  • Posts: 536
Re: Going past VAT threshold
« Reply #27 on: August 06, 2013, 08:55:45 am »
Christmas trees! did it for over twenty years.

Matt.

  • Posts: 1832
Re: Going past VAT threshold
« Reply #28 on: August 06, 2013, 02:35:14 pm »
Why would anyone who deals mainly with cash even think about goin vat reg ???

I am vat reg an pay around 4k every 3 months to the thieving gits !!! ( after I have claimed all expenses )

It will have an effect on your business, big time !

Only go vat reg If you have 50k worth of cheques or bacs payment etc etc.

I want cash work