Daycare Business

[chillyboyxx2]

It's an issue facing all new mums who are eager to return to work.

Soaring childcare costs mean that for many going back simply doesn’t add up financially.

A recent study by Aviva shows that mums could end up £98 a month worse off by going out to work part-time and paying childcare costs, rather than staying home to look after the kids.

So no wonder growing numbers are Â*becoming “mumpreneurs” – Â*women who combine running a business from home with looking after the kids. So here we take a look at how to go about bringing in extra income from home...

GET ADVICE

If you’re thinking about setting up your own business, get as much advice as possible. There are plenty of websites, like Mumsclub.co.uk, where you can get tips and discuss ideas with other mums.

SETTING UP YOUR BUSINESS

If you start off as a sole trader, you are classed as self-employed. As well as income tax, you have to pay two types of national insurance.

Alternatively, you can set up as a limited company. You will have to file accounts and annual returns and pay corporation tax every year. You will also have to register with HM Revenue

[England90]

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[bloloveme9]

Very great when reading this post. Thanks for sharing.

[Nikolaso12]

If you’re thinking about setting up your own business, get as much advice as possible. There are plenty of websites, like Mumsclub.co.uk, where you can get tips and discuss ideas with other mums.

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