Hi,
I have been offered some contract work to do some web design and development, database work, training and user testing for a website. I need to register as self-employed for this work.
This is the first time I will work as self-employed, and I am slightly confused about the whole process. I hope that someone can help and answer my questions:
- the person who wants to avail of my "services" has offered me a daily rate in her contract. Do I need to ask her to also specify an hourly rate? And in that case, would a day as a consultant be 7 or 8 hours? I am thinking of a situation where maybe I have to deliver training for her, and it would only last for 2 hours, in that case we would need an hourly rate in the contract - am I right to think that?
- regarding VAT, she is telling me that because I probably will not go over the threshold of 35K per year then I shouldn't charge VAT on top of my fee. I am actually not sure about that (i.e. how do I know now how much money I will make?), what is the best way to go about this? Do I have to decide right now if I need to register for VAT, or can I register later in the year if I see I will go over the threshold?
- on the same topic, can I deduct VAT on goods I buy for my business and the costs I have. Is this only possible if I am registered for VAT?
- regarding expenses, for example if I have transportation/travel costs to the other side of the country, or photocopying costs, telephone costs (the zork is home-based in my own house), how would I go about that? Does this need to be specified in the contract?
Thanks a lot to anyone who can help me.
I have been offered some contract work to do some web design and development, database work, training and user testing for a website. I need to register as self-employed for this work.
This is the first time I will work as self-employed, and I am slightly confused about the whole process. I hope that someone can help and answer my questions:
- the person who wants to avail of my "services" has offered me a daily rate in her contract. Do I need to ask her to also specify an hourly rate? And in that case, would a day as a consultant be 7 or 8 hours? I am thinking of a situation where maybe I have to deliver training for her, and it would only last for 2 hours, in that case we would need an hourly rate in the contract - am I right to think that?
- regarding VAT, she is telling me that because I probably will not go over the threshold of 35K per year then I shouldn't charge VAT on top of my fee. I am actually not sure about that (i.e. how do I know now how much money I will make?), what is the best way to go about this? Do I have to decide right now if I need to register for VAT, or can I register later in the year if I see I will go over the threshold?
- on the same topic, can I deduct VAT on goods I buy for my business and the costs I have. Is this only possible if I am registered for VAT?
- regarding expenses, for example if I have transportation/travel costs to the other side of the country, or photocopying costs, telephone costs (the zork is home-based in my own house), how would I go about that? Does this need to be specified in the contract?
Thanks a lot to anyone who can help me.