UK Guide to Freelance/Self Employment
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- rascuache0
I just started out as self employed this year, and learned heaps from visiting a business support service. It was invaluable in terms of walking me through the sort of things you're asking about.
The service local to me is also European Union funded so it didn't cost anything. I'd definitely recommend that sort of thing, if there's something local to you. I found it much more helpful to have someone to talk through stuff with, rather than pulling stuff from the numerous books I've bought in the past.
Feel free to chuck me an email if you wanna talk about it a bit more - happy to help out if I can :)
- fadein110
If you are a sole trader it is ridiculously simple. Keep a note of your income and expenses (with supporting material), get an accountant (I use an online accountant who is v.cheap) or do yourself if you can be bothered, hand over said figures once a year, pay tax. Sorted.
- MrT0
VAT. Just be aware if you turn over more than £79K they like you to register for VAT. I guess that's not a concern until you've done a year or so.