Start up costs

[swindonminder]

Hi,

I have just received my NCMA accounts book and have a child starting with me next month.

I was just wondering how do I and where do I log my start up costs?

:panic:

[sarah707]

Just write them down in a list and add them up.

It doesn't matter how you log them as long as the total comes off your income.

Hth :D

[miffy]

Just write them down in a list and add them up.

It doesn't matter how you log them as long as the total comes off your income.

Hth :D

Agreed and don't worry if you have more expenses than income to start off with - it will sort itself out at the end of the tax year.

Miffy xx

[swindonminder]

Thank you

Emma :)

[tulip0803]

As said before - make a list of all the start-up expences and put them all down as "start-up costs" on the first line of your accounts book on the week you start minding. You may run at a loss this year but you can carry any loss over to a profit year.

[Giri Thomas]

I will be registered childminder soon. I am a bit worried, how to get started.