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Work PT & Start up my Own business PT
Pja2371
Posts: 1 Newbie
in Cutting tax
I am currently employed part time and they pay my tax and NI through PAYE, however to supplement this I am starting up my own therapist business which will also be part time. How will it work in regards to my tax and NI going forward. And who do I need to alert to my change in status at the HMRC.
All advice greatfully received.
thank you
Penny
All advice greatfully received.
thank you
Penny
0
Comments
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You need to register as self employed with HMRC, and they will then invite you to the excitement which is self-assessment.
If you do not expect to make more than c.£6000 profit from your self-employment, ask for a certificate of exemption from NI. If more than that, you'll need to set up a DD for NI.Signature removed for peace of mind0
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