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What is a Sole Trader? - All You Need to Know (Detailed description)
 
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This is a All You Need To Know Guide for the first and utmost basic type of business structure that eists: Sole Trader. Hope this video helps you in understanding the concept of becoming a sole trader. Please don´t forget to like, share & subscribe for more videos! ! Any questions, please feel free to leave them in the comments section below!
Views: 6132 Sonia Tutor
What is a sole trader?
 
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This video explains what a sole trader is and the advantages and disadvantages associated with this type of business. Post any questions you may have below. Edumecate Series Our channel creates and posts educational videos on a range of subjects. Subscribe to our channel to keep updated on new videos we create and upload.
Views: 19794 Edumecate
A Quick Guide to being a Sole Trader
 
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This video is a quick guide to sole traders. It includes answers to common sole trader questions; What is a sole trader? What are the advantages to being a sole trader? What are the disadvantages to being a sole trader? My next video is a quick guide to limited companies. Create a bookkeeping spreadsheet using Microsoft Excel http://youtu.be/LlWADbkGdac 30 Free Day Trial on KashFlow Accounting Software http://www.kashflow.com/?code=AFF2105084 Free Bookkeeping and Accounting Course https://www.youtube.com/watch?v=IhYJbCAcCKE&feature=c4-overview&list=UUgPrg8qyvKaiED9tvdAIfpQ Try Crunch Accounting Software! http://www.crunch.co.uk/?aid=samuel3a Learn more at www.freebookkeepingaccounting.com
Views: 16643 BookkeepingMaster
SOLE TRADER VS LIMITED COMPANY - PROS & CONS
 
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Sole trader vs limited company article: https://medium.com/@active_accounts/sole-trader-vs-limited-company-which-is-best-for-you-9d8f4298d3c0 Any questions, feel free to drop a comment below or you can contact via the following: Email ► [email protected] Instagram ► @andyactiveaccounts
Views: 5608 Andy Williamson
Sole Trader, Self Employed or Limited Company
 
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Descriptive video covering the differences between a sole trader (self employed) and a Limited Company for start ups
Views: 16980 Simon Kallu
Limited Company Or Sole Trader - Starting A Business (UK) - Ltd Vs Sole Trader
 
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In this video I talk about if you should choose the legal structure of being a Limited Company or a Sole Trader when starting a business. #soletrader #ltdcompany #limitedcompany Spoiler Alert - It's a flippin' no brainer, Limited Company every time, anyone who tells you otherwise needs to be tapped to a chair and tickled until they pee. 🔴 Subscribe for more Celebrity Interviews and Comedy Clips - https://www.youtube.com/kevindurhamcomedian?sub_confirmation=1 🔴 Share this video with a YouTube Friend https://youtu.be/22FA1pBwdA0 🔴 The service I used to get this video ranked so you would see it. https://www.tubebuddy.com/kevindurham 🔴 Check out my book on how to start an online business on a budget https://amzn.to/2Vk0G3O 🔴 Other videos Start A Business On A Budget https://youtu.be/uWfcR0sOGGE How to do Limited Company Accounts https://youtu.be/cbBI7Pjqfuc ✅ Recommended playlists: Business tips https://www.youtube.com/playlist?list=PLouAp8-FVXGhGzy20ZQgvtYOGZhpp2irT ✅ Check out more about me and what I do https://www.kevindurham.com/ ✅ Follow me Instagram - https://www.instagram.com/thekevindurham/ Twitter - https://twitter.com/thekevindurham/ Facebook - http://facebook.com/thekevindurham Disclaimer: Some of these links go to one of my websites and some are affiliate links where I'll earn a small commission if you make a purchase at no additional cost to you. For business inquiries contact me at [email protected]
Views: 155 Kevin Durham
Sole Trader vs  Limited Company
 
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Visit www.RenttoRentAcademy.co.uk for more great videos and information on property investing and business! Connect with Jacquie on Facebook: http://on.fb.me/1SFvqZY Connect with Jacquie on Twitter: http://bit.ly/20SJYGw About Jacquie: Jacquie Edwards is the Property Go-To Girl. She is a property investor, entrepreneur, best-selling author and newbie YouTuber :) Jacquie helps property investors and business owners boost their businesses with new strategies and top tips! Visit Jacquie's website at: http://www.PropertyGoToGirl.co.uk Visit the #1 place online for Rent to Rent Information: http://www.RenttoRentAcademy.co.uk ______________________________________________ I often get asked if you should register as a limited company when setting up a Rent to Rent business or run it as a sole trader. In this brief video I want to give you some pros and cons of each.
Views: 8736 Jacquie Edwards
Introduction to business 1: Business structures
 
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Should you operate your new business as a sole trader, partnership, or company? In this animated video, Inland Revenue explains three common business structures.
Sole Trader vs Limited Company: Emily Coltman explains all
 
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Emily Coltman, Chief Accountant at FreeAgent (http://www.freeagent.com) and author of 'Finance for Small Businesses' and 'Micro Micronationals', explains the differences between running your business as a sole trader or as a limited company.
Views: 20612 Enterprise Nation TV
GCSE Business - Sole Traders
 
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In this GCSE Business revision tutorial, we examine the topic of sole traders, a type of business ownership that GCSE students of all examination boards will be familiar with. TakingTheBiz is a YouTube channel providing topic tutorials and exam skills videos for GCSE Business students. See more of our videos: http://www.youtube.com/c/TakingTheBiz?sub_confirmation=1 Stay in touch with TakingTheBiz via social media: Facebook: https://www.facebook.com/TakingTheBiz/ Twitter: https://twitter.com/TakingTheBiz Instagram: https://www.instagram.com/takingthebiz/
Views: 849 TakingTheBiz
How to Start a Business: Setting Up as a Sole Trader
 
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If you need any advice or support to start your own business, contact BES on 0845 6787 826 or visit www.enterprisesupport.org If you need funding to get your idea started, apply for a Virgin Start Up loan: www.virginstartup.org/bes - Thinking of starting a new business? Have you decided to set up as a sole trader, partnership or limited company? Our Enterprise Coach, Martin Russell dispels some myths and raises some considerations you should take into account when choosing a legal structure for your new business. Starting as a Sole Trader Martin outlines some of the advantages and disadvantages of starting as a sole trader over other structures. We've also got a video on how to start a partnership too, watch it here: https://youtu.be/Em73jHsqafY
Sole proprietorship (Ytube).mp4
 
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Pros and cons of sole proprietorship.
Views: 79966 Jeff Short
A company car as a sole trader - UK tax advice for Business Owners
 
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http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. We get asked a lot about vehicles and businesses. So in this video I'm going to focus on your business as a sole trader and whether you put your car or your van through the business. In the next video I'll talk about companies and their cars and vans. So if you are a sole trader and you are VAT registered you don't have a choice. The car or the van is going through the business whether you like it or not. So that's the cost of buying it. The cost of maintaining it - all the fuel, the road licence and the insurance is all going through the business but you still have to keep mileage records because you are only going to get tax relief on the business proportion of it. Most people turn round and say "Are well I did 95% of my mileage is business mileage." Ok, so what if the tax man says prove it. Where's your records? How can you. So keep your mileage records, put all the costs through the business and your accountant will deal with the adjustment at the year end. If you are not VAT registered you can actually choose. You can either choose to just claim mileage, that's at a rate currently of 45 pence per mile, or you can put the vehicle through the business. The good thing there is, is every time you change the vehicle you can change the way you want to account for it. So that's vehicles and sole traders. In the next video I'll talk about it with companies.
Views: 5675 oxfordaccountant
Working for Yourself - How to Register with HMRC
 
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An HMRC presentation for people who start to work for themselves which explains how to register with HMRC for tax and National Insurance purposes. HMRC is the UK’s tax, payments and customs authority. We collect the money that pays for the UK’s public services and help families and individuals with targeted financial support. Why not ask a question or share your experiences on HMRC’s Small Business Forum? You can find it here: https://online.hmrc.gov.uk/webchatprod/community/forums/list.page Follow HMRC on social media: • Twitter: https://twitter.com/HMRCgovuk/ • Facebook: https://www.facebook.com/HMRC/ • LinkedIn: https://www.linkedin.com/company/hm-revenue-&-customs For help with general queries relating to any of HMRC’s products and services, talk to us on: • Twitter: https://twitter.com/HMRCcustomers/ • Facebook: https://www.facebook.com/HMRC/ Sign up for your Personal Tax Account. Join the millions of customers already using their online account to check and update their records and see their state pension details. It takes just 5 minutes at https://www.gov.uk/personal-tax-account To register with HMRC, visit: http://www.gov.uk/new-business-register-for-tax
Views: 37888 HMRCgovuk
Sole Trader vs Limited Company legal company structure
 
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Sole Trader vs Limited Company Irish legal company structure
Sole Proprietorship - CBSE Class XI Business Studies by Ruby Singh
 
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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert. To buy books visit www.goyal-books.com To view FREE Video Lectures visit www.goyalsOnline.com/commerce About the Book » Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi. » Up-to-date study material provided by using the latest available data. » Elaborate explanation of the concepts. » Summary (Points to Remember) given at the end of each Chapter. » Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters. » Methodology of solving typical numerical problems given wherever necessary. » Methodology of drawing typical diagrams given wherever necessary. » Comprehensive Exercises given at the end of each Chapter. » Sample Question Paper given at the end of the book. » Multi-disciplinay Problems given at the end of the books. » Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert. Benefits of Video Lectures » Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones. » Students learn when they are primed to learn. » Students can pause, rewind and replay the lecture. » Eases the distraction of having to transcribe the lectures. » Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly » Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point. » Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video. » Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything. » Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.
Self-employment: sole trader or partnership?
 
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The differences between being a sole trader and a partnership when you set up your business and become self-employed - https://www.nibusinessinfo.co.uk/content/self-employment-sole-trader-or-partnership-video
Views: 11363 nibusinessinfo.co.uk
Things to know before you start a Sole Trader Business in UK
 
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Sole trader business is the most common form of business in the world. This video clearly explain advantages and disadvantages of sole trader business, as well as legal responsibilities of a sole trader owner in UK to avoid penalties.
Views: 3621 BUSINESS IN A SECOND
Should I register as a limited company or a sole-trader?
 
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Choosing a legal structure is one of the most important decisions you'll make when starting your business. Informi is a free and impartial online resource for small businesses and startups. You can find more about choosing a legal structure here: https://informi.co.uk/articles/how-do-i-choose-legal-structure-my-business Download our free how to start a business in 20 days ebook here: https://informi.co.uk/articles/how-start-business-20-days-ebook
Views: 3937 Informi
Sole Trader vs Company vs Trust
 
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Are you a sole trader? One of the most important challenges in running your business is to structure it to make it the foundation for your success. Watch this to briefly review your options. Read more here: http://beany.com.au/sole-trader-vs-company-vs-trust/
Views: 1962 Beany
Which Company Structure is Right For Me? Sole Trader Vs LTD Company
 
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Emily covers everything you need to know to make an informed decision about whether to be a Sole Trader or Limited Company.
Views: 7077 MadeSimple
GCSE Business Studies - Sole Traders
 
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This video looks at the features and advantages + disadvantages of being a Sole Trader.
Views: 12481 GCSE Revision
8. Sole Traders (Pros & Cons)
 
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Sole Traders (Pros & Cons) #GcseBusiness #GcseBusinessRevision
[Full Video] Sole Proprietorship - CBSE Class XI Business Studies by Ruby Singh
 
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For the first time in INDIA, textbook in Economics, Accountancy & Business Studies with FREE Video Lectures by Eminent Authors/Subject Expert. To buy books visit www.goyal-books.com To view FREE Video Lectures visit www.goyalsOnline.com/commerce About the Book » Written strictly according to the latest syllabus prescribed by the CB.S.E., New Delhi. » Up-to-date study material provided by using the latest available data. » Elaborate explanation of the concepts. » Summary (Points to Remember) given at the end of each Chapter. » Numerical Problems from previous years' question papers incorporated and solved in the respective Chapters. » Methodology of solving typical numerical problems given wherever necessary. » Methodology of drawing typical diagrams given wherever necessary. » Comprehensive Exercises given at the end of each Chapter. » Sample Question Paper given at the end of the book. » Multi-disciplinay Problems given at the end of the books. » Video lectures on each topic with replies to queries for better and clear understanding of the concepts by the Author/Subject Matter Expert. Benefits of Video Lectures » Easy to access anytime: With video lectures, students can learn anywhere from their mobile devices: desktops, laptops, tablets or smartphones. » Students learn when they are primed to learn. » Students can pause, rewind and replay the lecture. » Eases the distraction of having to transcribe the lectures. » Self-paced learning: Students can follow along with the lecture at their own pace, going more slowly or quickly » Bookmarking: Students can bookmark the point where they're up to in the video so they can easily return and continue watching the lecture at a later point. » Searchability: Students can easily search through the lecture to find the required sub-topic they need, without having to rewind and fast forward throughout the video. » Greater accuracy: Students will understand the lecture better and can make sure that they have not misheard anything. » Facilitates thinking and problem solving: It improves research skills, collaborative working, problem solving, technology and organisational skills.
Business Entities - Sole Proprietorship
 
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Check out Bas Rutten's Liver Shot on MMA Surge: http://bit.ly/MMASurgeEp1 http://www.mahalo.com/business-entities-sole-proprietorship/ Keith Hall, a registered CPA and small business owner with over 20 years experience is here to help you with your small business questions. In this video, Keith explains the benefits and pitfalls of choosing a sole proprietorship as your business entity. Check out the rest of our tax videos here: http://www.youtube.com/view_play_list?p=C90C48F4B15F6911 Check out the related Mahalo Pages: How to Avoid a Tax Audit: http://www.mahalo.com/how-to-avoid-a-tax-audit How to Check Your Tax Refund Status: http://www.mahalo.com/how-to-check-your-tax-refund-status How to File For a Tax Extension: http://www.mahalo.com/how-to-file-for-a-tax-extension How to File Taxes If You Haven't Filed in Years: http://www.mahalo.com/how-to-file-taxes-if-you-havent-filed-in-years How to File Taxes as a Gay Married Couple: http://www.mahalo.com/how-to-file-taxes-as-a-gay-married-couple How to Determine Your Tax Filing Status: http://www.mahalo.com/how-to-determine-your-tax-filing-status How to Choose the Right Tax Forms: http://www.mahalo.com/how-to-choose-the-right-tax-forms 1040ez Tax Form: http://www.mahalo.com/1040ez-tax-form How to Organize Tax Documents: http://www.mahalo.com/how-to-complete-a-1040ez-tax-form How to Set Up a Tax Payment Plan: http://www.mahalo.com/how-to-set-up-a-tax-payment-plan Check out more Mahalo playlists: 2011 Grammy Guitar Lessons: http://www.youtube.com/view_play_list?p=554B7E896F42D97C How to Cook: http://www.youtube.com/view_play_list?p=7016D638D52E3652 How to Bake: http://www.youtube.com/view_play_list?p=26285631199B5B14 Mahalo Daily Videos: http://www.youtube.com/view_play_list?p=4F1A4F3978CDD3EC How to Play the Xylophone: http://www.youtube.com/view_play_list?p=F1EFA91B8B5F3929 Green Living: http://www.youtube.com/view_play_list?p=3CA63D48E28E7759 How to Speak Russian: http://www.youtube.com/view_play_list?p=31098EC11EAF8623 Mahalo Travel: http://www.youtube.com/view_play_list?p=F348A1D1C148415D Learn Biology: http://www.youtube.com/view_play_list?p=16EB9E5F60FAD9BD How to Play Guitar Songs: http://www.youtube.com/view_play_list?p=BE077DEF7EB33D00
Views: 30044 mahalodotcom
Types of Ownership - Sole Trader & Partnership - Business LC
 
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This video tutorial looks at the advantages and disadvantageous for Sole Traders & Partnerships.
Views: 1274 ExamRevision
[BUSINESS] Starting Out - Sole Trader or Ltd Company?
 
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Our thoughts on the differences between starting your business as a sole trader or a limited company --------------- Stickers: http://dedicationblog.bigcartel.com Blog: http://www.dedicationblog.com FB: http://www.facebook.com/DedicationBlog Instagram: @dedicationchris @dedicationsi Snapchat: @dedicationsi
Views: 9530 DedicationBlog
Sole Proprietorship vs LLC
 
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The sole proprietorship vs. LLC discussion often centers on business liabilities but your personal liabilities are just as important in the discussion.
Views: 57714 LegaLees
SHOULD YOU REGISTER FOR GST WHEN YOU START AS A SOLE TRADER
 
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FREE get a copy of my best selling book - How To Create A Second Income By selling Things On Amazon: A Step by Step Guide To Amazon Success In Australia HERE --- http://freeamazonbook.co Aussie Online Entrepreneurs Learn How To Sell On Amazon FBA Here In Australia Selling on Amazon FBA is a brilliant way to make money online listen in to learn, what to sell on Amazon, what products to sell on Amazon, how to get started selling on Amazon FBA and inside tips and tricks to Amazon FBA success in Australia, Find out more about the Aussie Online Entrepreneurs here --- http://aussieonlineentrepreneurs.com.au/ Hosted by me Neil Asher, I’ve been selling online since 2006 and I travel the world with my family meeting new people and experiencing new cultures living the online dream! You can learn more about me and my journey here --- https://www.youtube.com/watch?v=KcK7yOx9zpc Make sure you check out my youtube channel --- https://www.youtube.com/channel/UCHSrw3pYMZylEmgLGsRGldQ Check out what some of the Aussie Online Entrepreneurs have to say in this youtube playlist --- https://www.youtube.com/watch?v=E9JFtA-03kE&list=PLH8bB5T-pNsvpifOKdNIGGheeDGEnIw8H
SOLE PROPERITORSHIP MEANING
 
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Very useful video for the student to understand the topic of sole proprietor along with its characteristic and with examples
Views: 15167 Pranav Classes
Car expenses: Sole Trader vs Limited Company
 
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Part 1 of 2 on Car expenses: Sole Traders vs Limited Companies and the differences when claiming actual costs vs mileage. Find out more at www.ams-accountancy.co.uk REF: F034
Views: 4248 AMS Accountancy Ltd
Sole Trader vs Ltd Company
 
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Are you a sole trader looking to save some tax? By switching to a limited company, you could be saving vast amounts of tax and national insurance resulting in more cash at your disposal. Here at Lite Tax, we are dedicated in ensuring that your business becomes more enjoyable and easier to manage. By keeping your tax bill light, your rewards become heavier. For more information, visit our website: www.litetax.co.uk Also check out our Facebook page: https://www.facebook.com/litetaxltd/?ref=br_rs
Views: 235 Lite Tax
VCE Business Management - Sole Trader & Partnerships
 
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Updated for 2019/20, this video looks at the sole trader and partnership structures. To access the questions for this video, come on over to https://teachingbubble.com
Views: 2449 VCEBizMan
Starting a Business- Sole Proprietorship
 
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STARTING A SOLE PROPRIETORSHIP The various different type of business: • Sole Proprietorship, • Partnership or LLP, • Corporation • C Corporation, • S Corporation, • Limited Liability Corporation (LLC). I go into detail on the pro's and con's in my blog post "Which Business Entity To Choose" at christinewilcher.com. In this blog we will focus on a sole proprietorship business. Please check out future blogs for information on starting other types of business entities Step 1: Sole Proprietorship Sole Proprietorship - Usually owned by one person Pro's and Con's when starting a sole proprietorship + Pro's - Con's • The easiest business entity to create • The cheapest business entity to create • The quickest business entity • No protection for your personal assets. • Everything is attached to your personal credit • Greater chance of you being audited • Takes your business out of consideration for some government and business to business contracting • Some may view it as less trust worthy Starting a Sole Proprietorship steps 1. Legally accepted picture ID 2. County Clerk Office address and office hours 3. Determine the new business name 4. Ask for the Sole Proprietor Doing Business As (DBA) business form 5. Fee (in Texas it is less than $20) NOTE: You will be provided a sealed stamped document verifying you have a business (keep this for in a safe place) Step 2: Get your EIN number. Why do you need an EIN number when stating a sole proprietorship? • You will need an employer identification number to do business as any entity other than a sole proprietorship (Sole Proprietors can use their social security number) • The EIN number is how the IRS identifies the business, and is used when filing income tax. • You will need your EIN number • to open your business bank account and • Sign up for DUN and Bradstreet ( to establish your business credit) • Sign up for CCR ( if planning to do government contracting) • NOTE -- U.S. Banks are required to notify the IRS when accounts have cash deposits of 10,000 plus. To find more information check out the Bank Secrecy Act. How much does an EIN number cost? • It is FREE to get an EIN number. Where to Get your EIN number? • To get your Employer Identification Number (EIN) you will need to go to IRS.gov and fill out an SS-4 Form or click the link below and select Apply online now http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-(EIN)-Online What Information will I need? • You will need to have provide your business type and personal information. • NOTE - Depending on the type of products or services provided you may need to get a sales tax certificate. Check with your state Comptroller's office to get more details. Step 3: Open a Business Bank Account when stating a sole proprietorship • Go to your local bank or credit union and see if they offer business accounts. Otherwise you can inquire at any bank but I go with the bigger banks so I have access to • Chase -- At the time of this video chase has a second chance account which all you to open an account if you have bad credit and • Wells Fargo -which in my opinion offers more services to help small businesses. • TIP- if you have bad credit talk to a friend or relative to see if they will open the business account for you and add you as a signer on the account. It helps if you offer them a small ownership stake. Step 4 : Create a Web Presence You will need: • Web hosting -- Bluehost HostGator Step 5 (Optional): Create a Business Plan For additional information on starting a business consider the following resources: Step by Step manual by Robert Berman The Small Business Start-Up Kit: A Step-by-Step Legal Guide NOTE - I will go more into future blog posts on how to setup an online presence. Disclaimer: I am not an attorney or accountant please seek professional services for additional information. My views do not represent the views of any of the companies or entities listed.
Views: creat4u29
7 Key Advantages Of Having A Limited Company!!!
 
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In this video I go over 10 Advantages in total for setting up a limited company vs sole trader - Watch until the end for the disadvantages too! My FULL Amazon FBA UK Course: https://jonny-bradley.com FREE AMAZONON FBA UK FACEBOOK GROUP: https://goo.gl/TBPSnn SUBSCRIBE: https://www.youtube.com/jonnybradley 7 Key Advantages Of Having A Limited Company + 2 bonus advantages and disadvantages of setting up a limited company vs sole trader. 1. Tax and Take Home 2. Distinct Entity 3. Limited Liability 4. Naming 5. Shareholders and Funding 6. Costs 7. Selling the Business and Succession 8. Credibility 9.Pensions 10. Splitting Income —— —— Must Have Software or services: Final Cut Pro: https://goo.gl/3ezNhJ Wix Websites: https://goo.gl/yVCXaB FETCHER: https://www.goo.gl/eSd9sa JUNGLESCOUT: http://www.goo.gl/2iLtLj Clickfunnels 14 Day Trial: https://goo.gl/9RJ9fY —— Recommended reading: DotCom Secrets: http://amzn.to/2wyQhZb Expert Secrets: http://amzn.to/2iUG98d 4 Hour Work Week: http://amzn.to/2wyBcH2 Business Idea Factory: http://amzn.to/2x5q8mg Get these recommendations as audio books for free: https://goo.gl/cxEpXo My info :) Facebook: https://www.facebook.com/jonny.s.bradley Instagram @JayBeeJonny Email: [email protected]
Views: 31250 Jonny Bradley
Should I be a sole trader or limited company?
 
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AEL partners are chartered accountants based in London, who have over 25 years experience in providing timely solutions to businesses and their owners. If you would like more information about the video you have just watched, or to speak to Marc Bennett, call AEL partners today on 020 7433 6940 or email [email protected] Alternatively, you can visit the website www.aelp.co.uk.
Views: 7004 AEL Partners
limited company or sole trader?
 
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A brief discussion on whether to trade as a limited company or a sole trader
Views: 2069 Tax Shop Accountants
Sole Proprietorship Registration | Register Your business Online | Udyog Aadhaar
 
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Sole Proprietorship Registration through Udyog Adhaar. If you want to register Sole Proprietorship for e-commerce via Udyog Adhaar registration is the best option. You need to simply fill online registration form of Udyog Adhaar and get the Certificate from Ministry of Micro Small & Medium Enterprise(MSME).
Views: 42156 Vision 4 Support
HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Trader
 
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HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Traders. If you need further help please contact an accountant or take a look at "Buy 101 Ways To Save Money On Your Tax - Legally" on Amazon. Amazon.co.uk: http://goo.gl/Zh8SaO (This is an affiliate Link) Amazon.com: http://goo.gl/0KhVaM (This is an affiliate link) HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Trader 5 Top Tips from Martin Robertson. Martin Robertson is a director of Martin Robertson Associates, Chartered Accountants Falkirk and We Are Business Transformers Ltd. Martin Robertson provides accountancy, taxation and business transformation services to small and medium sized businesses so is ideally placed to provide tax avoidance advice to the sole trader. Please note tax avoid is legal however tax evasion is not and we do not recommend or condone it.* At the end of January Sole Traders will be busy completing their HMRC Inland Revenue Self Assessment or income tax return, with a deadline of 31st January to submit their tax return and pay their tax bill and first payment on account for the next tax year. To help reduce their tax bill they could look at implementing some or all of the following tax avoidance tips One. Know Your Numbers. Prepare your financials using accounting software and keep it up to date at least at the end of every month. Two or three months before your year-end pass the figures to your accountant so that they can: Firstly, give you an idea of what tax you can expect to pay based on the figures. Secondly, and most importantly they can give you some tax saving ideas which you can implement by your year-end. Two. Consider running your business through a limited company. Tax and national insurance savings are possible if the business is incorporated and profits are taken by dividends. Three. Consider making your spouse or partner a business partner. This tip is only relevant if your spouse or partner is actually involved in the business performing a role which is necessary for the business to function properly. Four. Employ your children in the business as long as they are performing functions necessary to the business and are old enough to legally employ. To justify a deduction against your taxable profits you should pay them at the market rate for the duties performed. Five. If your business needs to replace vans, equipment or computers and you can find the finance buy them rather than rent them. For example, if you need to replace a piece of equipment costing ten thousand pounds if you get ownership of it your profits will be reduced by £10,000 in the year you buy it. If you rent it for two hundred pounds per month you will only get a tax deduction of two thousand four hundred. To get your tax deduction as early as possible buy these assets before your year-end, not the month after. * We recommend you seek professional advice from a qualified accountant before implementing any or all of these tax avoidance tips. The tips are provided for general interest and may help reduce the tax bill of sole traders. For Robertson Associates Chartered Accountants in Falkirk see: https://www.youtube.com/watch?v=6e5VTrndOxk For HMRC tax rates and allowances visit: https://www.gov.uk/government/publications/rates-and-allowances-income-tax/rates-and-allowances-income-tax For a BBC News article on the rules of tax avoidance see: http://www.bbc.co.uk/news/business-27372841 Self Assessment, Income Tax, Tax Deductions, Tax Allowances, Top, Five, 5, Tax, Tips, Sole Trader 5 Top Tips video Inland Revenue Self Assessment Income Tax Return allowances for the Sole Trader can be viewed here: http://youtu.be/eVwSNRWkkmo 5TopTipsTV HMRC Self Assessment Income Tax Deductions and Allowances for the Sole Traders
Views: 9616 Tosh Lubek
Limited Company Vs Sole Trader – The Pros and Cons for Business
 
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Setting up your new business, unsure about forming as limited company or Sole trader? Nicola Padden partner at http://westbury.co.uk explains the pros and cons of it.
SOLE PROPRIETORSHIPS - Advantages and Disadvantages
 
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This talk on the advantages and disadvantages of owning a business as a sole proprietorship is one of a series of talks by Attorney Bob Litchfield on Success for Business Entrepreneurs.
Views: 41096 LitchfieldLaw
Tax structure as a Sole Trader - UK tax advice for Business Owners
 
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http://www.incauk.biz/ Hi, I'm Graham from Inca Chartered Accountants. We put together this video series titled "Tax Tips for small businesses" to help you understand and save tax. One of the questions we get asked most frequently is -- "What is the best structure for my business?" Am I going to set up as a limited company, a sole trader or perhaps as something different entirely. Well, in this video I'm going to talk about the benefits of the sole trader. It's the most common form of business there is in the UK and it's really easy to get going. In fact, it's as simple as picking up the telephone and speaking to Revenue & Customs. giving them some details and that's it. You are up and running . If you don't like to talk to them on the telephone you can login and do it over the internet instead. You don't even have to set up a separate bank account. It is a good idea though, We would like you to set up a bank account, but just keep the two things separate, your business and your personal life and everything will run nice and smoothly. Sole traders are a great situation for you if, like many small business owners you can't stand paperwork and administration. It needs less structure to operate. You are the business. The money in one account is your money, the money in another account is your money. You can move it backwards and forwards when ever you want. There is no issue associated with that. It's yours. Do with it as you wish. From a tax point of view a sole trader is particularly advantageous when ever you are in the set up stage. So perhaps you have just come out of employment. Set up your own business. You've had to incur costs, expenses to get the thing going. Maybe you haven't got your first customers or very few. So you are actually running at a loss. We can use those losses to claw back taxes you have paid elsewhere. Now if you were paying tax at 40% or 50% that can be a huge advantage and of course taking time to get going and having that extra cash in your pocket can be a great benefit to you when you're running your business. The Sole Trader is also very useful when profits are very small especially if they are less than £7,500 a year because that is the amount you get to pay tax free anyway. So no tax to pay on anything you make up to that level. And of course as it starts to grow don't worry because if it looks like something else is more advantageous we can make a switch. A switch perhaps to a limited company which I'll explain a bit more about in the second video
Views: 14788 oxfordaccountant
Finding the Right Business Structure
 
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Will you form a sole proprietorship? A partnership? A corporation? A limited liability company? There are pros and cons to each. Watch this video to learn how each structure can affect operations, registration and filing fees, liability, and taxation.
Views: 38621 John Deere
sole trader vs company
 
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Views: 136 12931isb
What is a Sole Trader ?
 
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If you have been watching our videos on what it takes to start a photography business. Then you will of noticed that we talk allot about "Sole Traders". But what is a Sole Trader ? In this video Strober does explain to you what a Sole Trader is and it's connection with regards to being a Professional Photographer. Remember to checkout our online store fronts on the following links Our Website Store: http://www.ukhp.co Our Amazon Store: http://amzn.to/2w0At1S * Video 4:
How to register a business as a sole trader
 
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A step by step guide to registering a Sole Trader business online. www.taxsupport.com.au
Views: 23324 Nathan Wilson
UK Tax Return 2019 - NEW! Self Employed & Small Business [14]
 
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Welcome back to another UK tax return video! I'm taking you through another UK Self Assessment Tax Return for the 2017/18 Tax Year, tax payments due by 31 January 2019. For the first time in a LOT of years, the UK online self assessment tax return system has changed so I thought I'd give you a quick look at it. Mostly cosmetic changes but a couple of extra items to reflect the changes brought in with the new £1000 trading allowance etc. More info below: What is Cash Basis? https://youtu.be/2YzqhJtG7yY £1000 Trading Allowance explained: https://youtu.be/t-PHFmpf31A Extra stuff on Patreon: https://www.patreon.com/smallbusinesstoolbox More stuff on the web: https://smallbusinesstoolbox.uk As per usual, I'm not in any way qualified to give you accountancy advice. Always get a good accountant! I've just been self employed for a long time and hopefully I can pass on some of the things I've learned over the years. I use affiliate links - these don’t cost you a penny and help to keep this channel going - thanks so much for your awesome support! Jellyfish in Space by Kevin MacLeod is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1500030 Artist: http://incompetech.com/ #TaxReturn #Accounts #SelfEmployed
Views: 29731 Small Business Toolbox
Company car or not if you are a sole trader? (2018)
 
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We are asked so often by our clients, both limited company directors and sole traders whether they are better off putting their cars through the business or not, and the short answer is... it depends... As a sole trader if you are vat registered you have no choice - your car goes through the business whether you like it or not. That means all of the associated expenses also go through the business - the cost of buying and maintaining your vehicle, your fuel, road tax, insurance and so on can all go through business. But you still have to keep mileage records! Because you only get tax relief on the actual business element of your travel. If you aren't VAT registered you can choose whether to claim mileage or put your vehicle through business, and every time you change vehicle you can change which way you account for it, so speak to your accountant about what works best for you. As always, if you like what you see, please give us a thumbs up, and if you have any questions, please don't hesitate to get in touch via all the usual means. https://www.in-accountancy.co.uk/sole-traders-partnerships/
Views: 268 IN Accountancy
12 Great Tax Deductions for Australian Businesses
 
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Watch our 12 Great Tax Deductions in 12 Minutes for Australian businesses, that are overlooked and may be surprising.
Bee Business Bee Ownership Types Presentation
 
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Join BeeBusinessBee in this short presentation that looks at the different types of business ownership structure that exist. This session if perfect for all Business Studies students studying; BTEC Business, GCSE Business or AS/A Level Business. Business Ownership types covered in this resource include; Sole Trader, Partnership, Private Limited Company (Ltd) and Public Limited Company (PLC). The concept of unlimited and limited liability are also covered in this presentation. More resources can be found at; www.beebusinessbee.co.uk
Views: 33163 Bee Business Bee