There is encouragement from the government for people to become self-employed and at first it seems attractive, especially if you have recently become unemployed or redundant. Although one of the main attractions of becoming self-employed is no longer having to work for somebody else there are several points you should consider. These include having to arrange your own sick pay and pension and the possibility of having to work long hours.
Having siad that the benefits are very reqarding and we can help you with your book keeping, accounts and when you employ staff - your payroll.
As a self-employed person, you will be responsible for paying income tax on your earnings and will usually need the help of an accountant. There are special tax reliefs and allowances which self-employed people can claim. If you are newly self-employed, you should register with HM Revenue and Customs (HMRC) by calling the helpline for the Newly Self-Employed. The helpline number is: 08459 154515.
You can get more information about income tax for self-employed people from the HMRC website at: www.hmrc.gov.uk.
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