Self-Employed checklist

by | Jul 29, 2016

 

There are 4 things to complete if you’re self-employed:

  1. HMRC – register with HMRC to pay income tax and national insurance. You will need to do this by 5 October in your business’ second tax year
  2. self-assessment – register to pay your tax each year. The payments will usually be due on 31 January and 31 July
  3. VAT – register your business if your turnover is over £83,000
  4. records – keep accounts of business income and outgoings.

Contact us to discuss self-employment.

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