Self Employed

You are probably self employed if you:-

• Run your business for yourself and take responsibility for its success or failure
• Have several customers at the same time
• Can decide how, where and when you do your work
• Provide the main items of equipment to do your work
• Are responsible for finishing any unsatisfactory work in your own time
• Charge an agreed fixed price for your work
• Sell goods or services to make a profit

What you are required to do:

• Register as self-employed with HM Revenue and Customs (HMRC) to make sure you pay the correct Income Tax and National Insurance
• Keep records of your business income and outgoings
• Complete yearly tax return
• Pay your tax each year, usually in 2 payments on the 31 January and 31 July

With the support of Petra Accounting these tasks become minimal. The Basic price for this package is a one off price of £200