We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Advice regarding being Self Employed
jatt
Posts: 77 Forumite
Hi,
I am asking for advice on behalf of my friend who has just completed course in Homeopathy and wants to start his own practice.
Can please somebody advise me about what should he be doing i mean with regards to tax etc. I know he should get a National Insurance number but what else?
Thanks in advance
Jatt
I am asking for advice on behalf of my friend who has just completed course in Homeopathy and wants to start his own practice.
Can please somebody advise me about what should he be doing i mean with regards to tax etc. I know he should get a National Insurance number but what else?
Thanks in advance
Jatt
0
Comments
-
He will already have a national insurance number...Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
He needs to register as self employed and keep financial records.
Have a look on www.hmrc.gov.uk at the self employed section. It tells you all you need to know and how to register for self assessment and national insurance.Here I go again on my own....0 -
Have a consultation with an accountant and find out how an accountant can save him enough money to pay the accountants fees."Unhappiness is not knowing what we want, and killing ourselves to get it."Post Count: 4,111 Thanked 3,111 Times in 1,111 Posts (Actual figures as they once were))Women and cats will do as they please, and men and dogs should relax and get used to the idea.0
-
It has already been mentioned that he needs to register as self-employed with HMRC.
He needs to complete form CWF1 which is available from HMRC wesite. This must be done within three months of starting self-employment.If it’s not important to you, don’t consume it0 -
Don't forget to remind him to get professional indemnity insurance:)0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards