From Trash to Cash: the £100 to 10K Dribble thread

wayne1983

JoeyGrey wrote: »

Wayne, 0845 numbers should only cost you the same as a local call, so not expensive really. The only thing is that they aren't included in your free minutes if you are using a mobile.

Saucy, the site looks brill, can't wait to see my cat notebook

Hope everyone has had a good evening, I'm full of good wine and food and am off to bed. :wave:

Oh right cheers. Right after a good 8 hours sleep im more foccused now. Back to the hmrc, am i right now that i phone them, tell them im selling 'some t shirts', they send me some blank forms and each time i purchase a batch of stuff for my business i record this on the sheet.
Oh and regards receipts, the 5 t shirts ive just bought never came with a receipt anyway!, let me know if im right with what im saying cheers:beer::o

munchki

wayne1983 wrote: »

Oh right cheers. Right after a good 8 hours sleep im more foccused now. Back to the hmrc, am i right now that i phone them, tell them im selling 'some t shirts', they send me some blank forms and each time i purchase a batch of stuff for my business i record this on the sheet.
Oh and regards receipts, the 5 t shirts ive just bought never came with a receipt anyway!, let me know if im right with what im saying cheers:beer::o

Wayne. go to http://www.hmrc.gov.uk/businesses/tmastarting-up-in-business.shtmlou

there you will find everything you need to know about starting up. there is no reason to have to ring the hmrc as you can register the business online. They dont care that you are selling tshirts etc, only that you get yourself registered as a business. Absolutely every question you could have to start with can be answered there will just take some of your time in reading it and making notes! We have all had to do it, and overall it is completely painless. Just keep good records, like your ebay invoice for the stock you ordered, that is your receipt. You will have to keep your own business records and no they do not send you forms like that to record your purchases or sales, that is up to you to arrange and manage. Really it is all very simple, just spend a couple of hours reading and bet you will find all your answeres.
HTH

nikki2804

Argh more snow :mad:

My Greenday tickets arrived today so well chuffed, just need to keep them somewhere safe till June.

Hmm, need to think something to make money while snowed in ...

jo70mo

wayne just get a cash book or in normal notebook have theses columns DATE, IN, OUT, TOTAL. record all your transactions.
so if you sell 1 shirt on ebay put 3.99 in IN column and then put any fees in OUT column and postal costs in OUT column.
Just keep a running record and you should be fine.
If you have any receipts you could keep them together and give each a number as you go along and put an extra column in your book for receipt number too.
any forms you get from hmrc will probably be for giving them your self employed details or doing a tax return at the end of the year. the tax return is a summary of your totals so they can see how much you've received and paid out over the year and work out how much tax , if any, you need to pay.
hth
Jo x

wayne1983

munchki wrote: »

Wayne. go to http://www.hmrc.gov.uk/businesses/tmastarting-up-in-business.shtmlou

there you will find everything you need to know about starting up. there is no reason to have to ring the hmrc as you can register the business online. They dont care that you are selling tshirts etc, only that you get yourself registered as a business. Absolutely every question you could have to start with can be answered there will just take some of your time in reading it and making notes! We have all had to do it, and overall it is completely painless. Just keep good records, like your ebay invoice for the stock you ordered, that is your receipt. You will have to keep your own business records and no they do not send you forms like that to record your purchases or sales, that is up to you to arrange and manage. Really it is all very simple, just spend a couple of hours reading and bet you will find all your answeres.
HTH

Oh right thanks will take a look. At first its mind boggling all the info, but i suppose once your into the groove it becomes easier to understand.:beer:

jo70mo

Morning everyone.
Paula bear thanks for popping on and updating us. we were wondering how you were doing. Glad to hear things are improving - you sound so much happier. Just remember there may be days that slide backwards a bit and that thats normal. Really pleased for you.
Jo x

wayne1983

jo70mo wrote: »

wayne just get a cash book or in normal notebook have theses columns DATE, IN, OUT TOTAL. record all your transactions.
so if you sell 1 shirt on ebay put 3.99 in IN column and then put any fees in OUT column and postal costs in OUT column.
Just keep a running record and you should be fine.
If you have any receipts you could keep them together and give each a number as you go along and put an extra column in your book for receipt number too.
any forms you get from hmrc will probably be for giving them your self employed details or doing a tax return at the end of the year. the tax return is a summary of your totals so they can see how much you've received and paid out over the year and work out how much tax , if any, you need to pay.
hth
Jo x

Oh right cheers, ill look in wilkos if they have a cash book has i think thatd be better.
:beer:

jo70mo

Hi evenstarcrafty - it certainly sounds like a busy time at your house right now. good luck.
Jo x

evenstarcrafty

jo70mo wrote: »

Hi evenstarcrafty - it certainly sounds like a busy time at your house right now. good luck.
Jo x

Very busy
and Im easily distracted
We have been given a great opputunity with a nice house to rent which is being gutted at the moment
I just need to get rid of hoarded items as i have huge loft,theres plenty of money to be made but time is the problem
Once we get there I need a part time job as well so no pressure
off to get something to eat then to house and see whats been happening since last time when it was completly gutted back to stone walls
back later

MummyandPaige

Morning all,

Right, here is what not to do for your first wholesale

http://www.flickr.com/photos/47953687@N06/?saved=1

Mambury - only 11 boxes into sorting and hve found a How to crochet book full of patterns, is prob about 15 years old, but you are welcome to it, found stupid numbers of cookery books, think there is only 1 veggie 1 so far, but again, take it!

I officially withdraw my recommendation of TalkTalk, got my line restricted last night a 8.05, they close at 8, got hold of them this morning and it wsa because I have an outstanding balance of .....48p, they billed me wrong, only just got it working again. Basturds!

Em - how was the party last night

Saucy - love your website, can't wait for the new bits to be added, really easy to find on google, well done x

Munchki - Please come and help me *sort* thru them, coming in a van would be good!

Evenstar - list them in bulk, but separate the sizes, people don't tend to go for mixed size bundles.

Paulabear - happy, happy, happy things are going well with OH and debts x

Right, anyone want any hard to find books, let me know, in the mean time, I have mountaineering, I mean organising to do!