Setting up is a doddle
Honestly – a child could do it. All you need to do is let HMRC know that you’re a self-employed sole trader and you’re good to go. Then it’s really just a case of keeping invoices and receipts ready for your book-keeper and filing an annual Self-Assessment Tax Return.
Setting up as a limited company? Then you’ll want to know all about corporation tax...
Running an Airbnb business? Clean towels and good reviews aren’t the only things to worry about when you’re starting up.
We know you’re keen to move into premises to show you mean business, but starting up from home could mean coughing up less tax. HMRC will let you let you claim back for things like electricity, council tax, heating, internet and telephone usage – not the whole of those household bills, of course, but a nice little proportion.