Author: Anita

How to Start a Business With No Money!

Some businesses and startups have huge budgets and investors, but a lot of other businesses and startups have grown on a shoe string budget and have seen a lot of success.  You may be dreaming of being your own boss and starting your own business but the lack of start up funds may halting your entrepreneurial spirit.  Well, if you are feeling this way read on for a few ideas about how you may be able to start your dream business sooner than you think: Sell Your Own Time Selling your own time is a great way to make money without needing money...

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Self Employed Graphic Designer: A Guide to Registering with HMRC and Allowable Costs

Self Employed Graphic Designer? Here is our tax advice guide just for you. Whether you are starting out or just want to understand more about allowable costs, here are some useful tips specifically for self employed Graphic Designers. Register with HMRC as a Self Employed Graphic Designer Going self employed is the easiest way to kick start your career as a self employed graphic designer. First of all you must let HMRC know that you are self employed and you can do that online here. Once this process is completed HMRC will send you a UTR number (Unique Tax...

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How to Let HMRC Know You Are a Sole Trader

So you’ve decided to become a sole trader, to spread your wings and be master of your own destiny.  But as a sole trader it is worth noting that you are responsible for your own taxes and registering with HMRC for Self Assessment is an important step you mustn’t miss when you begin to work for yourself . Register Online with HMRC As part of setting up your business you must let HMRC know that you are in business for yourself, you can do that online here. Once this process is completed HMRC will send you a UTR number...

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How Much Tax Do You Pay As a Sole Trader?

If you are considering becoming a sole trader you should be aware of the tax implications.  As a sole trader it is your responsibility to manage your own tax and declare/pay this to HMRC by 31 January each year. How Much Tax Will You Pay? The tax you pay is based on the income you make from your trade.  Confusingly, income actually means profit – all the money you make less all the costs you have incurred.  So, for example, if you are a bookkeeper your income would be the money your clients pay you for maintaining your books...

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Self Employed Architect: A Quick Guide to Registering with HMRC, Start Up Costs and Allowable Expenses

Self Employed Architect? Here is our tax advice guide just for you. Whether you are starting out or just want to understand more about allowable expenses, here are some useful tips specifically for self employed architects. Register with HMRC as a Self Employed Architect Whether you intend to freelance or start your own practice going self employed is the easiest way to kick start your career as a self employed music teacher. First of all, you must let HMRC know that you are self employed and you can do that online here. Once this process is completed HMRC will send...

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