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Thread ID: 43283	2004-03-09 11:06:00	Starting an Internet Cafe	hamstar (4)	Press F1

Post ID	Timestamp	Content	User
221434	2004-03-13 11:51:00	Good ideas beetle and agent. *Adds them to the list* I think it'll be Sole trader but if Cold Fusion wants to help me it'll be split 50/50. And yep the computers are going to be mainly used for games and I wouldn't touch compaq EVER! Not keen on funding the end of the world. ;) (site (www.extremedevlopment.com))	hamstar (4)
221435	2004-03-13 23:17:00	well if you go 50/50 with cold fusion it becomes a partnership and with a partnership you come under the Partnerships Act 1908 which is a pretty old act which means you are going to have to create a document with new provisions otherwise you might find that you get a raw deal if things never go to plan/ Naturally if your making money then you are required to pay tax, the IRD doesn't work out how much you have to pay until you've been in business at least a year, however this doesn't mean you don't have to pay tax for your first year, what happens is that in your second year you are paying your first year tax and making provisional payments for your second year of operations. this is where most businesses fall over as they can't meet the payments. GST you could pay 6 monthly or 2 monthly, or even 1 monthly. i wouldn't recommend 6 monthly and i think you are best to go for 2 monthly.	roofus (483)
221436	2004-03-13 23:24:00	Two is pretty much the norm, correct?	Chilling_Silence (9)
221437	2004-03-14 00:01:00	I think it'll be Sole trader but if Cold Fusion wants to help me it'll be split 50/50. Had a family member do this with a small business that looked as though it could develop to 12/7. She went from making a meagre living to both earning almost benefit levels. Make sure you've got something left over to split other than the work.	Scouse (83)
221438	2004-03-14 00:36:00	Well, is the partnership much different from a sole trader? >earning almost benefit levels Yeah well, I'm kind of worried about that. Plus if we're going to employ someone thats even less. I think it'll have to wait until after uni in 2 years. Hopefully, but probably not, the gap in the market for that area will still be there when I get back. About the setting up of the computers. Can I have it setup so I can enable and disable computers and timers from the admin pc. And is there a program that lets me watch what the users are doing? No that XP remote desktop **** but some program like they have on macs at my old school. If it was a program, I bet it would cost a shitload. They should have subsidaries for new businesses. This should be another thing the government should look to. cheers.	hamstar (4)
221439	2004-03-14 00:43:00	you subsidies for small business? the govt is thinking about bringing in a 6% discount for new prov payers not to sure if it is out yet. You really need to talk to an accountant. funily enough i'm an accountant :-) and yes a partnership is considerably different to a partnership due to the act i previously mentioned	roofus (483)
221440	2004-03-14 06:51:00	Hamster, could you please moderate your language? If you want to be serious about business, you need to be courteous - particularly when asking for help.	Winston001 (3612)
221441	2004-03-14 07:18:00	> Well, is the partnership much different from a sole > trader? Yes two differences: 1 Both of you are each totally liable for all debts - if one can't pay, the other has to. 2 Your business relationship - sharing of work, responsibilities etc. > They should have subsidaries for new businesses. > This should be another thing the government should > look to Of course! Everything is the Goverments responsibility - and their fault when it all goes pearshaped. It's so obvious. Actually there are any number of business help systems set up by Government, polytechs, Chambers of Commerce, and local authorities. Try your local Citizens Advice Bureau to start with. And Chill, GST periods depend on annual turnover. Under $200,000 or such, six monthly is allowed. Two monthly is for over that figure and fairly common.	Winston001 (3612)
221442	2004-03-14 07:45:00	Oops, sorry bout the language guys... should remeber that I'm in a public forum, not a dc hub.:8} I read about that mothly GST paying and I downloaded some pdf's off the IRD website. I was gonna pay 6 monthly, just put all the GST into a different jar as we go along, then pay it all in one lump sum. But if you recomend 2 monthly then maybe I should do that. >business help systems set up by Government, polytechs, Chambers of Commerce, and local authorities. Any examples? Or is that what I got to CAB for? Do Winz do anything like this? Probly not... Cheers.	hamstar (4)
221443	2004-03-14 08:37:00	A word about GST options - 2monthly versus 6monthly Although 6monthly is allowable for small business, it can be a trap - unless you are very strongminded about keeping your records up to date. Putting the money " in a jar" isn't such a bad idea. Sadly, it's remembering exactly what it related to that's the problem. Unless you write down receipt details regularly (Many suppliers give only bare-bones invoices nowadays) you can find yourself wondering months later what on earth you bought from Firm XYZ. Or which of their invoices was for which product? IRD will want to know such things if you are audited - not merely the cash totals. And it's too easy to postpone the book=keeping when you're busy & the deadline seems a long way away. I speak from personal experience alas... The 2monthly option keeps me on the straight & narrow - with deadlines looming more often.	Laura (43)
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