Help with setting up as self employed

dreambig19

I'll start this off by saying I'm almost certain this is the wrong sub-forum for this thread, but I wasn't sure where it fit, so please can it be moved if necessary? Thanks
In an effort to become debt free, I'm now working a freelance job in the evenings to boost my income. I'm aware that after I have earned a certain amount (£1k I believe), that this needs to be reported correctly, and I need to pay tax on my earnings. I'll cross this threshold either in March or April.

Can anyone explain, in laymans terms, how I go about setting myself up as self employed and working out what tax I need to pay, or better still, point me in the direction of a dummies guide to doing this (to save you the time of explaining it)?

Thanks in advance, and apologies again for posting in the wrong place
R

fatbelly

I suspect @sourcrates will move you to the employment board

Well done btw

dreambig19

Thanks (and thanks for putting me in the right place haha)

moneysavinghero

https://www.gov.uk/set-up-self-employed

dreambig19

moneysavinghero said:

https://www.gov.uk/set-up-self-employed

moneysavinghero said:

https://www.gov.uk/set-up-self-employed

thank you! 

Marcon

dreambig19 said:

I'll start this off by saying I'm almost certain this is the wrong sub-forum for this thread, but I wasn't sure where it fit, so please can it be moved if necessary? Thanks
In an effort to become debt free, I'm now working a freelance job in the evenings to boost my income. I'm aware that after I have earned a certain amount (£1k I believe), that this needs to be reported correctly, and I need to pay tax on my earnings. I'll cross this threshold either in March or April.

Can anyone explain, in laymans terms, how I go about setting myself up as self employed and working out what tax I need to pay, or better still, point me in the direction of a dummies guide to doing this (to save you the time of explaining it)?

Thanks in advance, and apologies again for posting in the wrong place
R

You asked for a dummies guide and this one looks spot on - even the right title! https://rsaccountancy.co.uk/self-employed-tax/

dreambig19

Marcon said:

dreambig19 said:

I'll start this off by saying I'm almost certain this is the wrong sub-forum for this thread, but I wasn't sure where it fit, so please can it be moved if necessary? Thanks
In an effort to become debt free, I'm now working a freelance job in the evenings to boost my income. I'm aware that after I have earned a certain amount (£1k I believe), that this needs to be reported correctly, and I need to pay tax on my earnings. I'll cross this threshold either in March or April.

Can anyone explain, in laymans terms, how I go about setting myself up as self employed and working out what tax I need to pay, or better still, point me in the direction of a dummies guide to doing this (to save you the time of explaining it)?

Thanks in advance, and apologies again for posting in the wrong place
R

You asked for a dummies guide and this one looks spot on - even the right title! https://rsaccountancy.co.uk/self-employed-tax/

Brilliant thanks! I'll take a look