Declaring self employment

SalonGeek

Help Support SalonGeek:

sweetasanut69

Member
Joined
May 11, 2012
Messages
15
Reaction score
0
Location
Reading
Hi everyone,
I am new here so be kind please.
I work in a salon part time but have been building up my client base doing nails/waxing/eyelashes from home. Just wondered how important it is to declare what I am earning privatly and tell the council that I am using my home as a business etc as I know this may affect my council tax. Does anyone know anything about this? I just worry I may get in trouble if I don't do it all properly.
Thanks x:Scared:
 

xxJackiexx

Well-Known Member
Joined
Sep 15, 2011
Messages
900
Reaction score
14
Location
North West
Hi everyone,
I am new here so be kind please.
I work in a salon part time but have been building up my client base doing nails/waxing/eyelashes from home. Just wondered how important it is to declare what I am earning privatly and tell the council that I am using my home as a business etc as I know this may affect my council tax. Does anyone know anything about this? I just worry I may get in trouble if I don't do it all properly.
Thanks x:Scared:
It's very important !
 

sweetasanut69

Member
Joined
May 11, 2012
Messages
15
Reaction score
0
Location
Reading
How do I go about informing the council and are their any other steps I must take?
 

xxJackiexx

Well-Known Member
Joined
Sep 15, 2011
Messages
900
Reaction score
14
Location
North West

sweetasanut69

Member
Joined
May 11, 2012
Messages
15
Reaction score
0
Location
Reading
I am also employed too though. Oh it's so confusing! Will do research tonight. Thanks
 

Papillion

Well-Known Member
Joined
Jul 20, 2011
Messages
271
Reaction score
0
Location
Xanadu
I'm employed part time and am looking at properly setting up as self employed along side this.

I have just today booked myself on to a free 1 day course that is run jointly by my local council and a business enterprise company. The course is about how to become self employed and as part of it HMRC are going to be there too, so we can ask questions and find out how to do it all correctly. They run the course once a month.

I have found the local council, chamber of commerce or business link are good places to look for free help and advice. Maybe see if there's anything similar in your area.
 

Steph86

Well-Known Member
Joined
Jul 28, 2011
Messages
3,032
Reaction score
0
Location
At Home
I am employed, so u will need ur wage slips/p60 to say how much uve earnt, as ur self assesment needs to cover both ur employment and ur self employment.

U have 3 months to register so I'd do it as soon as poss, then they send u all the relivent codes for ur self assesment.

It is really important hun, I'd back date it. Not only that you can class all ur products as outgoings for ur business.

Last tax year it was around £7450 tax free allowance, as of april'12 you can earn £8,100 tax free, then anything over that u pay 20% tax... So if u put 20% of any takings into a pot (so to speak) you'd have enough for ur tax bill and probably alittle bit too much-so abit of savings to-cz its actually 20% tax of any profit u make.

As said above, contact ur local council and you may need a waste bin for ur business xx
 

Latest posts

Top