Skip to main content

Online resources for finance and legal issues

I wrote this blog post for the London Jewellery School blog (as I am one of their business tutors)

It can be difficult to find advice and resources if you are working for yourself. I've put together some of her favourite online resources for you in a series of blog posts. In the first of this series, I tackled resources for help with sales and selling. In this post I have looked at financial and legal issues.

Setting up a jewellery business can feel like a minefield. You don’t always know what you don’t know! Here are some resources to help you feel more organised and clued up.

Registering your business and submitting your tax return
If you are going to start up a jewellery business you need to register with HMRC. It is worth viewing some of the HMRC webinars or signing up for a free live webinar as you can ask questions and get clarification on your situation.

Filing an online tax return
It is important to work out a system for keeping up to date with your tax return. There are ways of doing this yourself and helpful accountancy computer packages but I have personally found Go Simple Tax to be a really simple and hassle free way of compiling and submitting my tax return. It is an online system where you enter your sales, expenses etc. The data is automatically compiled into the format required by HMRC and you upload it directly to the government gateway when you’re done. I’ve also found the ability to email questions to tax experts and to get answers back in plain English really helpful.

Pricing is one of those difficult issues that we are often asked about during our business courses. There is a lot to bear in mind including your cost price, your wholesale price and your retail price. Have a look at this article from the Design Trust that addresses all of these issues.

Understanding intellectual property
We are often asked about how to protect your design ideas. Own It is a resource specifically designed for intellectual property in the UK and they have well written FAQs. You can also request 45 minutes of advice from a copyright lawyer for an admin charge if your query is not covered by their FAQs.

Remember, if you are finding setting up your business or taking it to the next level overwhelming we run jewellery business courses from 2.5 hours to 6 days there is a class for all your needs. Have a look at the London Jewellery School business classes here.


Stay up to date!

Popular posts from this blog

Jewellery inspiration - unusual stone settings

I am pretty addicted to pinterest and love that we have so much access to inspiration as jewellers there. I have recently been drawn to unusual stone settings and I find it useful to consider how the jeweller has done it as it gives me a jumping off point for ideas. Here are a few innovative designs that I love.

Turquoise necklace by Cobalt blue

I love the work of byDaphne Krinos who regularly uses stones in innovative ways. This piece is a round brooch on 18 carat gold

Swarovski crystalactite ring from Maison Margiela

Thomas Giesen - acrylic ring with amethyst ball

Labradorite pendant by Anna Vosburg

Glauco Cambi bracelet with magnetic closure

Odyssey orbital ring earrings by Silversong jewelry

Ring a month theme for February 2019

I've been overwhelmed by the number of people being inspired by the Ring A Month challenge. At the time of writing, we have 351 members in the Facebook group and 300 followers on Instagram.
If you'd like to join in there's still time!
Facebook group

I have decided to announce the theme for the coming month a week before the start of the month. This is to give people time to think about their designs, particularly those that are busy and have a lot to fit in.

The theme for February 2019 is .... music and lyrics

Here are some ideas to get you thinking about how to interpret the theme

Be inspired by

A song/piece of music you loveA specific lyric from a song A style of music e.g. classical, metal, rap, funk etcA musicalAn instrument/sMusic artwork (CD/LP sleeve or music video)A concert you went to (or wish you went to!)A music festivalChoose a musician, singer or composer you admire…

2018 Black Friday deals for metal clay jewellers

It's Black Friday again and even before the day arrived there were lots of deals around (and surely more to come). Black Friday is fairly new to the UK but it's always good to look out for a deal! Here are some of the best I've seen for metal clay artists. Do share any I've missed in the comments and I'll add them in

Clay, materials and tools
Cookson Gold has discounts on clay and tools
I haven't seen any other discounts on metal clay but there are a lot of discounts on gemstones and beads out there including Beads Direct and Kernowcraft. Elsilver also have discounts, it's worth checking out their 25% off offer on dies.

Online courses
Jewellers Academy has 50% off their courses including 3 metal clay courses. Tip: buy the bundle with Julia Rai's metal clay charms course and my stone setting torch fired course as it's the same cost as my course on its own! There's also the new Fancy bezels, prongs and bails course by Julia Rai which is great. Use c…