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"Wages" working for yourself
moonpenny
Posts: 2,522 Forumite
Really interesting reading what everyone is up to on the "cottage industry" thread! :j
I am starting up in the near future selling accessories for weddings. I will be buying in a few items but making others (Sewing)
As I work full time, this will just be a part time venture with me posting the goods out or customers calling at the house to pick them up themselves.
I am quite happy keeping it small as I have security of my job and I satisfy my creative side.
How do you all decide what to pay yourselves in this sort of situation - a few hours here and there?
At one time, I thought there was such a thing as a "paying hobby" instead of a fully fledged business! How is everyone treating their "cottage industry" with regards to Inland Revenue etc?
Good Luck to everyone! :T
I am starting up in the near future selling accessories for weddings. I will be buying in a few items but making others (Sewing)
As I work full time, this will just be a part time venture with me posting the goods out or customers calling at the house to pick them up themselves.
I am quite happy keeping it small as I have security of my job and I satisfy my creative side.
How do you all decide what to pay yourselves in this sort of situation - a few hours here and there?
At one time, I thought there was such a thing as a "paying hobby" instead of a fully fledged business! How is everyone treating their "cottage industry" with regards to Inland Revenue etc?
Good Luck to everyone! :T
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