I’ve invested hours of my own time learning how to get my small business up and running. What I’ve learned over the past years of being a self-employed accountant dealing with other small business owners is that the same questions seem to persist. Below you’ll find some of the most common questions I get asked … Read more
Going Self Employed brings freedom, flexibility and the opportunity to build a business you love. But what about the tax benefits of going self employed? If you are in full time employment and wondering what you may gain by going self employed, then you have come to the right place. The Tax Benefits of Going … Read more
This step-by-step guide to registering as a CIS subcontractor online shows you what you need to do from start to finish. how to covers everything you need to know about CIS, registering as a subcontractor, how to check your tax status, your responsibilities and some tips on reducing your tax bill. You need to register … Read more
I’ve updated this post on 22 June 2020 There are two easy ways to find out when you registered as self-employed. Knowing when you registered is crucial to knowing what your responsibilities are and avoiding penalties. If you want to check if someone else is self-employed? Read this guide What Are Your HMRC Responsibilities When … Read more
There is nothing more fulfilling than making money from something you are passionate about. Nothing compares to the thrill of actually receiving money for doing something you love. But how do you know whether you are an accidental business owner? And at what point does your hobby become a business for tax purposes? Well, HMRC … Read more
Leaving your job and the security of a regular pay packet can be a worrying thought, especially if you have family and children dependant on you. But the thrill of being master of your own destiny and build your own business may be too much to keep you in a 9 till 5 job. So, before you make the leap, here are 5 questions to ask yourself before you get your P45.
Becoming a sole trader can be a life changing decision to make, one which may start with a steep learning curve. Tax is just one of the areas you will need to learn about, but before all of this you must register with HMRC as a sole trader. You Can Register as a Sole Trader … Read more
I’ve updated this post on 24 June 2020 Self-employment isn’t right for everyone. But whatever your reason is to stop being self-employed, there are some important steps you need to take to close things off with HMRC and avoid penalties. Here’s a step-by-step guide to help you stop being self-employed and de-register with HMRC. How … Read more