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I'll be home based with occasional visits to the office during the week, but will be using my own resources and dictating my hours. I'll also be working on other projects which are completely unrelated to the ltd company.
I've heard a solid contract between both parties clearly demonstrating...
The work will be varied but will incorporate elements of my existing role. The changes are not intended to avoid tax and indeed the very reason I'm asking these questions is to ensure I abide correctly by HMRC :) I have already started a sole trading business which requires more of my time, and...
Hopefully I've picked the right forum for this one. Here goes...
I will soon be stepping down from my role as a director to become a consultant for the same company. I wish to come off PAYE and invoice the company directly as a sole trader. However, I may have hit a bit of a snag.
I want to...
Hi all. I'm hoping someone can clear this up for me...
I'm doing a mixture of work via PeoplePerHour and direct. This means I have two types of invoice:
1) Generated by PeoplePerHour
2) Generated by me
Both have their own invoice numbering system, obviously, and I have no control over the...
Sorry, another question!
Going by the income tax rate table on HMRC's website, and taking into account my gross earnings, less my personal allowance, I sit in the 20% tax bracket, as you say above.
If that's the case, shouldn't I be taxed at 10% for the dividend? I've also read there's a 10%...
Forgot to mention that I have invested around £900 in IT equipment for the SE work this year, too, plus some other ongoing expenses (only around £100 worth). How would they affect that end figure?
Thanks Kevin (although not the answer I'd hoped for!). In your opinion, is the self employed work I'm doing pushing me into that upper tax bracket?
Do your calculations above take into account the personal allowance?
Hi all
I've got a quick query I'm hoping someone can clear up for me.
My gross annual salary is £32,000
I run a little sideline which generates in the region of £3,800 per annum
I have a company car, the benefit in kind value of which is £5,624
I have received dividends totalling around £8,400...
Thanks Littlebiz for the quick response and info. I'll take a look at those courses and books suggested.
It's probably worth highlighting that the amount I can invest in this business initially is relatively small, therefore I would hope to gain some initial experience and real-world examples...
Hi all
I'm considering becoming a freelance copywriter and would like some advice from anyone on here who has trodden the same path. I'm based in Northampton and while I'm currently employed, I recently entered the thirtieth year of my life and subsequently started to take stock of...