How about listing our running costs or some of them?Accountancy £675 a yearVan (v cheap crap van) £2500 a yearWater costs (cheap system) £450 a year minimumPoles £250 a yearInsurance £125 a yearSubby costs never you mindTax £4000 last year.And I do things cheaply...How about you lot?
Get a New Accountant... £700 a year and you still pay £4000 wow!i only pay £200 for my accountant and she i worth every penny and do not pay noway near that ammount she claims for every thing
4k tax! . IS THAT VAT OR PERSONAL. if you are paying an accountant £700 a year you must b doing well. I would imagine most window cleaners are only payiny 2k tops in tax, sounds like your in a differnt league to most average oneman windowcleaners
£700 for an accountant I pay around the £200 mark
I am LTD and accountant charges £350
Between VAT, TAX and expenses, over 40% of my income is gone straight away. The majority of that is VAT, Tax and vehicle costs (My van is old and crappy too, but insurance, fuel, repairs etc soon add up!
Quote from: Nathanael Jones on February 07, 2009, 10:11:51 pmBetween VAT, TAX and expenses, over 40% of my income is gone straight away. The majority of that is VAT, Tax and vehicle costs (My van is old and crappy too, but insurance, fuel, repairs etc soon add up!You should never include VAT as part of your turnover ("income"). Look on it the same way as HMRC do:"It was never your money in the first place, it was ours, you were just collecting it on our behalf"Calculate your gross turnover as gross takings less the VAT element, that will give you the true picture of how your business is doing. Including the VAT makes you seem to be doing much better than you really are.