Recent content by cyberpedz

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    Self assessment and paypal

    Thanks all just out of interest at what point would I need to be saving 40%?
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    Self assessment and paypal

    Ok thanks. With NI contributions am i right that this is now taken at the same time you pay tax and is no longer paid monthly? Also being that i am paying NI for my employment do i need to still pay NI contributions for self-employed? Thanks for all the help guys. ;)
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    Anyone use quickbooks self-employed?

    thanks guys. So i have just gone through all the transitions i have added so far in quickbooks. I am using the online quickbooks self-employed by the way. It looks like in transactions they show the correct amounts but each time i add a new transaction it rounds the total up. So already my...
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    Self assessment and paypal

    oh ok employment before tax is 19500. Self employment is likely to only be about 6000 for first year if that. My plan is that self employed will eventually earn me enough to not be employed.
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    Self assessment and paypal

    Yes i have other income because i am employed so already pay tax via PAYE so would assume that i would just need to save money for tax for the self employed bit?
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    Anyone use quickbooks self-employed?

    Thanks but in quickbooks self-employed every transaction of income is rounded up. So say i have 50 transactions of 14.05 a month, quickbooks rounds each transaction to 15 meaning each month it looks like i am earning 47.50 more than i am. Over a year that's 570!
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    Anyone use quickbooks self-employed?

    I am trying to get my head around this. Plus self assessment in general. I am in full time employment but have also this month registered self employed as sole trader. I want to ensure I am bookkeeping efficiently to intimately ensure come tax time I am prepared. I started trailing quickbooks...
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    Self assessment and paypal

    Thanks guys. Another quick question. I want to ensure as much as I can there is no big shocks come tax time. I have read in places as a rough rule to save 30% of what you earn a month. Firstly is this correct and if so is this 30% of income or 30% of what you have left after experiences?
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    Self assessment and paypal

    Hello all i know this is probably a simple question to some so pease don't shoot me down. Most of my income is via paypal. My question is how do i best record this for self assessment? For an example, i sold a service for £100 1. Should i just add income as £96.40 which is after paypal fees...
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    Hello all

    Thanks for this. Yeah my forum is for window cleaning business owners and the sites I do are for cleaning business owners so very similar although both sites running under different names. I was wondering if I could register as just one business for simplicity and for payments like invoices...
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    Hello all

    Wow almost a year and not one reply. Does nobody know the answer. Essentially I run a forum and am starting to offer hosting services. Both under different names and domains but serving mostly to same customers. Can I have one main registered business cover both these services?
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    Hello all

    Hi all i have registered as have a question i can not seem to find the answer to. I have offered some online services and communities for a while. I am looking to monetize these but in the business sense i wonder if i can register as one business with all services under it rather than...
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