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Matching "Self Employed" Tag

7 articles 
 
If you are a sole trader or consider yourself to be self-employed you will need to declare your income and expenses to HMRC at the end of each tax year through a self-assessment tax return.  Even if you earn income in addition to being employed and receiving pay through a payroll from your employer you need to declare your additional income to HMRC.  The only exception to this…
I was chatting with a business owner today who said there are only two advantages to being self-employed - you can go on holiday when you like and you can work with who you want to. That started me thinking - are there really only two advantages and no disadvantages?  If that was the case why isn't everyone self-employed?…
The recent ruling against Pimlico Plumbers in favour of one of its workers highlights the need for every business owner to understand the rules around employment and self-employment. The worker in question was self-employed but wanted to be paid sick pay when he fell ill and also to be paid holiday pay.…
If you want to expand your business you need people to support you as there is no way you can do everything yourself.  But it seems that business owners are reluctant to employ anyone and would rather use an associate or a consultant than commit to someone joining their business.  Even if they need someone to do the day to day administration it has become more common to use someone who is self-employed.  Why is this?…
As a sole trader or self-employed person you won't have to pay tax on your earnings until 31 January the year after your first accounting period ends.  Finding out how much tax you will have to pay when you first tax return is submitted can come as a bit of a shock especially if you haven't saved for your tax bill during the year.  Do you understand how Self-Assessment tax works?…
If you are earning income from a business activity you must register with HMRC as self-employed (also known as being a sole trader) and submit a self-assessment tax return annually by 31st January each year. A business activity includes:…
Over the Christmas and New Year break we all have time to take a breather and think about our lives and our jobs and nearly everyone will make some sort of New Year's resolution. Many of those resolutions will be about working for yourself, starting a business and getting a better work/life balance.…
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