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Tax if You Have More Than One Business?
JennyG84
Posts: 23 Forumite
Hey Guys,
I don't know if you can advise at all but basically I have a part time business teaching yoga and ultimately I'd like to leave my full time job and run another part time business (at least one anyway). Now if I have two businesses, will I need to do a self assessment for each one?
Thank you kindly
Jen
I don't know if you can advise at all but basically I have a part time business teaching yoga and ultimately I'd like to leave my full time job and run another part time business (at least one anyway). Now if I have two businesses, will I need to do a self assessment for each one?
Thank you kindly
Jen
Light Bulb Moment ~ September 2015
£50/£1000 Emergency fund
£50/£1000 Emergency fund
0
Comments
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If you are a sole trader, then the only 'business' is you. So no, one self-assessment on which you declare all the earnings from all sources.Signature removed for peace of mind0
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Thank you so much Sue, that's very helpful Light Bulb Moment ~ September 2015
£50/£1000 Emergency fund0
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