can any1 jst give me a little help im trying 2 set up 2 be a mobile nail tech iv gt all my stuff as iv been doing a few people already bt i need 2 get public liabilty insurance n sort out the tax n national insurance side of it which im not sure what 2 do or where 2 start with that realy iv been to the inland revenue thinking they would be a bit of help but they jst gave me a number 2 ring for becoming newly self imployed if any1 can help me i would be very grateful
Setting up mobile as a nail tech
- Thread starter luci
- Start date
Help Support SalonGeek:
Lemmonie
Well-Known Member
Right, firstly your public liability insurance is inclided in your "insurance" Check out The Guild or ABT (google both) They will provide your insurane at around £50 ish a year as a nail tech.
Secondly you need to register with HMRC who will provide you with a letter of conformation. You will need to pay NI which is about £2.40 i believe a week. Although if you earn less than a specific amount you wont be liable but do check with them first. They will send a bill/invoice with payement details on the back, you can pay weekly monthly etc.
You will have to complete a tax self assesment each year ( i just did my first!) for this you can do it online but you will need to keep details. SO each time you buy something keep the receipt/invoice and record the outgoing on a sheet/spreadsheet. Everytime you recieve a payement for work record this too. Do each on a monthly basis so when it comes to tax returns you have the details to hand.
You can pay an accountent to do this for you each year and budget around £150 for his help.
Other than that its fairly easy. Good luck and enjoy!
Secondly you need to register with HMRC who will provide you with a letter of conformation. You will need to pay NI which is about £2.40 i believe a week. Although if you earn less than a specific amount you wont be liable but do check with them first. They will send a bill/invoice with payement details on the back, you can pay weekly monthly etc.
You will have to complete a tax self assesment each year ( i just did my first!) for this you can do it online but you will need to keep details. SO each time you buy something keep the receipt/invoice and record the outgoing on a sheet/spreadsheet. Everytime you recieve a payement for work record this too. Do each on a monthly basis so when it comes to tax returns you have the details to hand.
You can pay an accountent to do this for you each year and budget around £150 for his help.
Other than that its fairly easy. Good luck and enjoy!
kezza*
Well-Known Member
Hiya
I just want to add that you have 3 months from setting up to register with the tax and that you get the first year free so you don't have to pay tax for the first year. I have an accountant to sort it out for me it's sooooo much easier all I have to do is my books,,, keep all receipts.
Good Luck
I just want to add that you have 3 months from setting up to register with the tax and that you get the first year free so you don't have to pay tax for the first year. I have an accountant to sort it out for me it's sooooo much easier all I have to do is my books,,, keep all receipts.
Good Luck
The Guild
Well-Known Member
If you want any information on the Guild's £2 million Public, Product & Treatment liabilty cover feel free to PM me or call us on 0845 2177 383.
If you quote Geek as a referral code when you join you will get a £10 discount.
If you quote Geek as a referral code when you join you will get a £10 discount.
***juice***
Well-Known Member
I think Business Link offer assistance with this type of thing:
Business support, information and advice | Business Link
Business support, information and advice | Business Link
