Advice needed.

Do i need to register with anyone to get products at trade price?

Will i pay a lot more tax, with working full time as well?

You will need to tell our friends at the Inland Revenue. They have a useful guide at http://www.hmrc.gov.uk/startingup/pages.pdf

You may need to register with the Local Authority, the HSE or the Data Protection Registrar, depending on the nature of the business.

If you're free next weekend, there's an event at Ponds Forge for people who are wanting to start their own business. The Inland Revenue, and a lot of other organisations will be there, so it might be worth your while attending. http://www.theenterpriseshows.com/home/index.asp for more information.

That is useful Andy thank you :thumbsup:

Depending on what you are going to sell you should register with as many cash and carrys as possible. You will need to register for VAT with Customs and Exise, with Inland Revenue for tax, with local authority for business rates[ if applicable]. You may need a business account with your bank[ to be avoided if possible] as business banking charges are horrendous. After paying all these plus possibly accountancy charges as well you may just have some profit left for yourself. Good Luck from the voice of experience.

You need to register your business with the Inland Revenue, who will send a business advisor out to help you (and yes they are very helpful).

DON'T register for VAT until you have to - which is when income from your busines over goes £58 000 over a 12 month period.

You will need need to put roughly 30% of your net profit away to pay tax and national insurance contributions. Tax is paid at 20% on net profit and 8% class 4 NI contibutions.

Get yourself a good accountant - Roger Rose on Chesterfield Road is very good, and helps you keep what is yours (instead of paying too much to the tax man)

www.firstaccountancy.com are excellent. John works from home (up at Beighton) and I happen to know at least one other forumer (other than myself) who uses his accountancy services.

He's not expensive and will help you with everything including registering with the inland revenue, VAT, setting up a LTD company etc etc depending on your requirements.

He shows you how to keep your accounts correct and even supplies easy to use programmes to do it with.

A good idea if your starting a business is to talk to Senta and Business Link. They're a great source of information.

I will second that recommendation. I also use John as my accountant and he is excellent :thumbsup:

Jase