Home – New Forums Money matters Timing of starting new business

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  • #983392
    knosticd
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    Hi Everyone,

    This might seem silly, but better to get advise.

    I have finalised name, logo & other details for my consultancy sole trading business. Wanted some advise from fellow soloist if I should register & start the business now (nearly end of financial year) or start on 1st july. (Depending on the advise I plan to buy some white goods for the business – laptop, printer, software etc.).

    Thanks in advance for any tips.

    Knosticd

    #1142104
    Burgo
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    If your ready to go ….GO !!
    Whats a month write off all your set up expenses and start off with a loss, get your GST back at least then trade from there.

    Will you make a profit in the first six months, then you need something to write off against it

    Best to see an accountant and get “The Word” from them

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