I want to set up my own business as a self-employed. What should I do?

I want to set up my own business as a self-employed. What should I do? If you want to start working as self-employed, you must register with HM Revenue & Customs, but first make sure you have a National Insurance Number. After the registration, you will receive your Unique Taxpayer Reference (UTR) and HMRC will…

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Why Is Filing Your Tax Return Early A Good Thing?

We’ve all heard that annoying radio advert about your tax return deadline from HMRC which gets aired every 5 minutes around each January – well, if you want to feel smug about it next time you hear it read on…   January 2018 seems months away, but you may have already received a letter from…

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How To Choose Your Accounting & Bookkeeping Software

Choosing an accounting software doesn’t have to be complicated. Here are three questions to focus on when selecting one for your business: How much are you willing to pay? Why do you need accounting software? Which features does your business require in an accounting software program? 1. How much will the software cost? The most…

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Do I have to declare my income from eBay?

Do my eBay earnings constitute a business? First of all, you are liable to pay income tax on the profits from any business; the fact that you are using eBay to conduct this business is largely irrelevant. The more pertinent question is whether you are a BUSINESS or not! You do not have to declare…

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Can You Be Employed and Self-Employed at the Same Time?

Can You Be Employed and Self-Employed at the Same Time? Confused about whether or not you can be employed and self-employed at the same time? LeeP Accountants looks at the legality and logistics of such a working scenario. LeeP Accountants in Peterborough get asked this question a lot: can I be employed and self-employed? It is…

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