Advice for Self Employed Friend

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

morphman replied

28 March 2006, 18:50
Hi, sorry, im not ignorant, just lazy.

Thanks for the advice. I have passed it on, so hopefully she can sort out her affairs pronto.
Leave a comment:
Lucifer Box replied

27 March 2006, 21:20
Was this information any use to you or are you just an ignorant coont?
Leave a comment:
Lucifer Box replied

24 March 2006, 08:36
HMCR will give her all the help she needs. She has registered with her local tax office as self employed right? If so, all of the information will be in the self employed pack they sent to her at the time, which clearly lays out what she needs to do. If she hasn't, she had better do so pronto as there are fines to pay if you do not notify your tax office within 90 days of commencing trade.

In a nutshell, she should be paying her weekly self-employed NI stamps (usually by direct debit to keep it easy) and then pays tax on her profit through the self employment section of her self assessement tax return, due Sept '06 for paper filing or Jan '07 for on-line filing.
Leave a comment:
morphman started a topic Advice for Self Employed Friend

24 March 2006, 08:29
Advice for Self Employed Friend

Hi,

A friend of mine started running a business (non-limited) in Aug 2005. She isnt really business minded, and now is very worried that she has so far not paid any tax.

Does anyone know, firstly where she can get help, or secondly, what her immediate obligations are with the impending change in tax year?
Tags: None