[Marc Stock]

Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own......

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

[Splash & dash]

Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own......

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

I have to say it’s a very tidy looking van , but with what you are earning you must be paying huge amounts of tax and driving round a relatively old van why not invest in a new one with a new system put it against your tax you are then benefitting from your hard work rather than the tax man , I did exactly the same as you for years my accountant said I should should buy all new stuff to reduce my tax bill and he was right when I finally bit the bulit I can now see that I should have done it years ago , no disrespect mark but how do you manage to have the customer base and charge what you do with the system you have in the back I would be embarrassed to show my customers that , please dont be hurt by that Ime not criticising you , I just struggle to get my head round it , I have several large commercial jobs and some very wealthy customers domestic jobs that I do that have asked to see in my van and explain how it all works when they see a professional set out van they start to realise that windowcleaning isn’t just a low payed job but rather a skilled professional occupation and then they don’t quibble at the price , by the sound of your pricing structure you are far dearer than me I can do it with two vans so Ime sure you could do the same very easily , onece again please don’t think I am finding fault with you Ime not I just don’t understand how someone who is successful in buisness as you oviously are uses kit like that and gets away with it in affluent areas , I do genuinely wish you all the best with your buisness building but please inprove your van layout. 😂😂😂😂

[G Griffin]

^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz

That's quite perceptive, Adam.
I've always thought Daz and Nathan reminded me of each other. Both likeable chaps that take window cleaning seriously but with very different personal lives. Their personal lives probably dictate how they heat their water.
Who really cares?
It's all relative.

[KS Cleaning]

Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own......

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

I have to say it’s a very tidy looking van , but with what you are earning you must be paying huge amounts of tax and driving round a relatively old van why not invest in a new one with a new system put it against your tax you are then benefitting from your hard work rather than the tax man , I did exactly the same as you for years my accountant said I should should buy all new stuff to reduce my tax bill and he was right when I finally bit the bulit I can now see that I should have done it years ago , no disrespect mark but how do you manage to have the customer base and charge what you do with the system you have in the back I would be embarrassed to show my customers that , please dont be hurt by that Ime not criticising you , I just struggle to get my head round it , I have several large commercial jobs and some very wealthy customers domestic jobs that I do that have asked to see in my van and explain how it all works when they see a professional set out van they start to realise that windowcleaning isn’t just a low payed job but rather a skilled professional occupation and then they don’t quibble at the price , by the sound of your pricing structure you are far dearer than me I can do it with two vans so Ime sure you could do the same very easily , onece again please don’t think I am finding fault with you Ime not I just don’t understand how someone who is successful in buisness as you oviously are uses kit like that and gets away with it in affluent areas , I do genuinely wish you all the best with your buisness building but please inprove your van layout. 😂😂😂😂

Personally I wouldn't give a flying, you know what, to what customers thought of my van, and I dare say they don't really give a flying .... either, I'm sure they are more concerned about the service they receive.  Some people get what they think is a half decent van then think that gives them  the right to slag off others who don't see a newish van as a priority. Window cleaning snobbery!  who'd av thought it eh!

[mufcglen]

Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own......

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

Any pics of your system pal, never seen a 600 in an connect?

[Dry Clean]

If an accountant tells you to spend to save on tax then get a new accountant, spending a pound when not needed to save 30p
is stupid.

[Stoots]

^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz

That's quite perceptive, Adam.
I've always thought Daz and Nathan reminded me of each other. Both likeable chaps that take window cleaning seriously but with very different personal lives. Their personal lives probably dictate how they heat their water.
Who really cares?
It's all relative.

That's also quite perceptive. I agree I think their personal lives probably do have an influence on how they go about things. That's quite a deep level of insight there I hadn't considered the underlying reasons for their choices.

Still, I think my observations have some merit.

And for the record Daz and Nathan are two of the friendliest chaps I have come across on window cleaning forums.

[Marc Stock]

Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own......

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?

Any pics of your system pal, never seen a 600 in an connect?

Ok i will get some pics later on today. Beware though, there are no fancy decals or blue neons, so clearly....my window washing ability is severely handicapped...

[Shrek]

Just wondering Marc - what do you actually invest your profit on? In another thread , you said you turnover nearly 50k , you and your Mrs take a small wage and the rest is re invested into your business- apart from a van + system & advertising, what else is there to invest it on? 

[Marc Stock]

Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.  (now removed as post has fulfilled its purpose)

[Shrek]

Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy.

Here have a look at my profit and loss statement.

Well done mate , 4K on use of Home? I think my bloody accountant only puts through a bit of my gas & electric bill!! Lol

[Marc Stock]

Yes but i rent. And you can claim upto 30 percent of your household bills if you use it. So 30 percent of my square footage is approx what i use for office, van space, and static tanks in garage.

[Shrek]

Yes but i rent. And you can claim upto 30 percent of your household bills if you use it. So 30 percent of my square footage is approx what i use for office, van space, and static tanks in garage.

Ah ha I didn’t know that, cheers pal

[andyM]

Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Hi Marc can I just ask how the "Travel and subsistence" costs are accounted for? Cheers

[P @ F]

^^^ Thats me Adam , I dont want any more work as a sole trader , I also get bored but dont want to spend big money on the fancy bits , I would much rather make it or as close to it as possible for much less money , that stops me getting bored itself .

Yes there's two types of "bored" sole trader.

1. The fiddler

Makes everything himself, is constantly faffing about. Has lots of good ideas, some not so good but it keeps him happy and doesn't cost him much. Usually makes a lot of videos.

Prime example - Nathan Kaye

2. The spender

Wants the best, a lot of it for no other reason than a few creature comforts and not much of a d.i.y er.  Gives him something to do looking for the next purchase and justifies it by having low outgoings and little other commitments.

Prime example - Daz

That's quite perceptive, Adam.
I've always thought Daz and Nathan reminded me of each other. Both likeable chaps that take window cleaning seriously but with very different personal lives. Their personal lives probably dictate how they heat their water.
Who really cares?
It's all relative.

That's also quite perceptive. I agree I think their personal lives probably do have an influence on how they go about things. That's quite a deep level of insight there I hadn't considered the underlying reasons for their choices.

Still, I think my observations have some merit.

And for the record Daz and Nathan are two of the friendliest chaps I have come across on window cleaning forums.

If you ask me they are a right pair of plonkers .
One has far too much money and the other has far too much time     

[Marc Stock]

Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Hi Marc can I just ask how the "Travel and subsistence" costs are accounted for? Cheers

Yes of course.

This is business related costs for sundry items.

When you have a business meeting, (something you need to do by law as a ltd company to discuss dividend allocation etc) you can claim costs if you hold your business meeting in a cafe or resturant. So for us, me and the missus would hold a meeting to discuss business matters over a coffee and sandwich, or a  business meal. You have to record the meeting by taking something called minutes, but as long as the subject matter is business related then its ok.

[nathankaye]

I wish i had plenty of time, even with a sleeping disorder and doing bits of personal stuff early hours of morning and theres still not enough time in a day.

But i think people can tell from the vids that they are quickly put together with no editing as they are quickly done in between jobs, rather than the need to race between one job and the next. 
Lifes stressfull enough when you have a family and aging parents and then theres just life haha. So work is now a fun/interesting again for me and an escape for a small period of time in day.  Lol work is an holiday in comparison to everything else i have going off.   Lol im sure im not the only one

[Marc Stock]

I like everyone on this forum apart from....

Nahh only joking. 

Daz seems like a nice fella really. At the end of the day we are all nice friendly fellas really arnt we. We might not agree on everything, and people have different opinions and priorities but it would be a very boring forum if we all agreed the same. 

[Shrek]

It would be handy to know as much as you do about tax Marc , I just put my receipts in a folder all year round then hand it to my accountant. I haven’t got a clue and don’t wanna mess it up !

[Marc Stock]

Ahh yes well thats the difference. You see most accountants for self employment are simply book keepers.

I havent acted on any of my own understandings. I employ a tax advisor and chartered accountancy firm to do all my tax related stuff.