Becoming a childminder
6. Business side of childminding
Childminders are self-employed so you should visit Set up as self-employed (a 'sole trader') (Gov.UK) to find out what you need to do when you start working for yourself. This also includes information on how to register for self-assessment with HM Revenue and Customs.
Further information and support is provided by HM Revenue and Customs (Gov.UK) including
- Self-assessment help and deadlines
- Record keeping (including free webinar)
- Allowable Business Expenses
There is a ready reckoner (Gov.UK) to help you budget for your tax bill -
The HMRC Business Income Manual (Gov.UK) sets out how much of your household bills, wear and tear on furnishings, food and drink and car expenses are 'allowable expenses' against your tax bill.
Childminder member's business hub
If you join our childminder membership you will have access to our bespoke 'E-learning business hub' which has courses around marketing, financial planning and forecasting to support you in making good financial decisions for your business
Childminder documentation pack
As a childminder you will need a range of business documentation and you may choose to purchase this from our publications section. The pack has everything you need to get started in one place with ten copies of the following:
- Contracts
- Existing Injuries
- Accidents
- Medication records
- Record of concerns
- Attendance records
- Child registration forms
- Useful contacts
- Emergency contacts
Business Smart
The government has funded PACEY to create business support and tools free to childminders and these can be found at Business Smart. Although most are free, some are only available to PACEY members.
Childcare Choices
Childcare Choices Understand the Government help with childcare costs for parents and your role in this.