Hi,
I’m really new to all of this....and just trying to get my head around becoming self employed. I know there are lots of pros and cons to this but I will be doing a percentage split 40/60 as I cannot afford room rent to start out.
My question is...if you earn £100 for example and £40 goes to salon owner and you get £60- do you pay tax on the full amount or on your split? Sorry if this is a silly question, I’m just trying to work out how much take home would be.
Thanks
I’m really new to all of this....and just trying to get my head around becoming self employed. I know there are lots of pros and cons to this but I will be doing a percentage split 40/60 as I cannot afford room rent to start out.
My question is...if you earn £100 for example and £40 goes to salon owner and you get £60- do you pay tax on the full amount or on your split? Sorry if this is a silly question, I’m just trying to work out how much take home would be.
Thanks