Running a business from home

I like the sound of having business support on site. if that service is good it may be wroth the extra few quid.

I have been lookin at brand fine new office complexs usual glass landed corporate eye candy type of places.

I think Business Incubators are a great idea. They are normally biased for technology companies, and I looked into a couple run by Coventry University.

Can't remember the rates, but the prices for serviced offices were pretty competitive, with the added bonus of access to the Universitys technology labs, and potential resource.

We nearly went for it, but the local one to us was over subscribed, so just found a local office instead.

hi there
i was gonna post a long piece about working from home but i downloaded spell checker and it must have decided id written a load of tosh as it removed it
so thats me done 4 today
regards Marc

Any business working from home has to make sure you don't have to pay business tax on your home to the local council ... if you earn too much you will!

Have a talk with the Valuations Office Agency. They'll explain about whether you need to pay business rates or not.

Some of the many things which affect it include:
- whether the room still has any domestic use, or if it is purely business. For instance I work from home and this evening I will be in the same room, but sitting on the sofa in front of the TV with my boyfriend rather than sitting at the desk working. So it's still a domestic room.
- whether you are bringing in any equipment that would not usually be found in a home environment. A computer and a printer and a phone, no problem. An industrial shrink-wrapping machine might raise an eyebrow.
- whether your clients will ever come to your home and what provisions are made for them if they do.

There are a couple of ways to claim a portion of your heating/lighting/etc costs against your business. Best thing to do about this is just phone HMRC's self-employment helpline. They've been pretty good to me on the advice front, and they run courses for things like how to get set up, what records you need to keep, and so on.

The business rates issue does not have a common answer. The position can vary between Districts and most will have information on this subject on their local website. The rule of thumb is that if the main purpose of the property is to provide residential accommodation there is usually no business charge.

On tax relief the HMRC website does give a good guide on issues to consider but remember this is their view and there are often circumstances that do not fit easily with the guidance given. The important things are to ensure that you have a good case/argument before making the claim and avoid falling into the capital gains tax trap associated with exclusive business use although this is often overstated with the availability of current capital gains annual exemptions which are often enough to wipe out the fractional gain.

bjn

I am in a beauty &medical equipment conpamy, we are looking for distributors for our product. 2 months passed, no news at all.
it's so diffcult to find a distrubutor or wholesale ........who can help me ~

I may be able to help you - can you send me some details of what you need and require.

thankyou everyone for taking the time to reply

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