The Memorygirl Matrix

Memory_Girl

MatyMoo wrote: »

Also, with the turnover you are anticipating VAT registration will come in to it (even if you are not a Ltd Company).

Unfortunately yes :D

Got a little while to go yet before I HAVE to - so hoping the MSE lot can be trained prior to us adding VAT.

Memorygirl

MatyMoo

Memory_Girl wrote: »

Unfortunately yes :D

Got a little while to go yet before I HAVE to - so hoping the MSE lot can be trained prior to us adding VAT.

Memorygirl

Hmmm, think we need an Accountant rather than me that dabbles

I thought you had to register if your expected turnover was going to exceed £70k - Don't want you to loose 17.5% of your turnover (or whatever it will be next year) if they clobber you later for sales done before you registered

Mrs_Hicks

MatyMoo wrote: »

Hmmm, think we need an Accountant rather than me that dabbles

I thought you had to register if your expected turnover was going to exceed £70k - Don't want you to loose 17.5% of your turnover (or whatever it will be next year) if they clobber you later for sales done before you registered

You don't have to register until you get near the threshold

If your trading is below the threshold for registration

If you're carrying out one or more of the business activities described above but you haven't crossed the registration threshold, you can still apply to register for VAT voluntarily - it might be of benefit to you. See the section in this guide on voluntary registration. In any case, you should regularly check your turnover to see if you need to register.

teapot2

troglodyte wrote: »

teapot, I have the spreadsheet open here, these are the headings:

ORG NAME
CONTACT NAME
CONTACT POSITIONCONTACT EMAILCONTACT PHONENOTES

And these are the categories:
Local independent schools
Local state schools
Local FE colleges
Universities and staff development
MBA programmes

Send me a PM if you want me to forward it to you as an older version of XL

thanks for the offer - have updated my post as I've downloaded a pack that means I can open it - hope it doesn't crash the machine so will see how I go

troglodyte

Thanks MatyMoo - but maybe I'm being really dim here - if a person (a sole trader) is working on their own, how do they make their investment in 'the company' (ie themselves) less than their actual investment, IYSWIM, since they are the only person actually putting anything in?

spud30

Memory_Girl wrote: »

Off to have my coaching call :j

Can I leave you with something to ponder?

I wonder whether if may be appropriate to have modified versions of our CV's on the matrix site so that we can see what peoples skills and interests are - as well as seeing the glimmers of what they hope their dream life, their goal, their hedgehog idea might be.

Memorygirl

I read this and immediately came out is a cold sweat.

My initial thoughts were.......I dont have any skills......or talent......or anyfink really

But no !!! Dagnamit, I do have skills. Just gimme a few minutes to think what they are

tellmeitsfriday

As Maty said, a non registered company is part of the life of the owner(s) - so if the business racks up debts the owner(s) are responsible for the repayment of the debt.

As a Ltd co or a PLC the business takes on a life of its own, and separates the responsibility of it's owners.

You register the company with companies house and state your investment. You can have as many shareholders (owners) as you like and you each invest a nominal amount - say £1. If the company goes belly up that is the limit of your responsibility. You (and any other shareholders if applicable) lose your initial investment but nothing else. The company pays back what it can, and is then made insolvent, and later bankrupt- there is no liability on you to pay back the remainder as would be in a non registered co.

The investment you make to "buy" the company is just a NOMINAL figure, not it's real value. Its done to separate it's legal existence from you.

In essence, a non registered company is a "hobby business" and the owner is responsible for repayment of all of its debt

A Ltd co or PLC becomes a separate co.

You can have as few or as many shareholders as you like.


There are lots of legal requirements for Ltd/PLCs which are not in place for other types of companies.

ezzie1uk

Dagnamit, I do have skills. Just gimme a few minutes to think what they are [/QUOTE]


even as important, what staff discount can you get in your job

spud30

ezzie1uk wrote: »

even as important, what staff discount can you get in your job

absolutely nowt :rotfl:

clairewop

I have been a busy bee

I have most earring orders sorted plus 2 hello kitty bracelets made, I don't do children's jewellery so if I post pics on here can I have opinions Please?