The Winchester Bookkeeping Company

Bookkeeping, accounts and tax support for sole traders in Hampshire

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Employed and self-employed – What tax will I pay?

March 26, 2017 By Karen Upcraft

What tax do I pay if I am self-employed and employed

You’re currently employed but want to start up a business as a sideline either because you are transitioning from a hobby or you’re keen to supplement your income. Either way, you’re ready to take the leap but haven’t quite got your head around the tax side of things. Am I right? The first thing to […]

Filed Under: Budgeting for small business, Personal taxation, Self assessment, Self employment, Starting Up, Working from home Tagged With: employed Income tax, hobby business, National Insurance, personal taxation, self assessment, Self employed income tax, Self-employment, sole trader, starting up a business, Tax returns

A Tax Return Checklist (part 2)

November 19, 2015 By Karen Upcraft

If the thought of completing a tax return feels scary and overwhelming right now. If, just hearing the word “tax” sends your heart racing. Let me start by saying that you’re not alone. It’s entirely normal to feel like you should be coping with everything that running a small business entails. I know I do! […]

Filed Under: Bookkeeping and accounting, Personal taxation, Record keeping, Self assessment, Self employment, Starting Up, Working from home Tagged With: 2014-15 tax year, hobby business, self assessment, sole trader bookkeeping, sole trader self assessment, sole trader tax, sole traders tax return, tax relief charitable donations, tax return, Tax returns, Using an accountant

Hobby business or self-employed? Why it’s important to understand the difference

April 25, 2015 By Karen Upcraft

hobby business

You’ve been employed or you’re working part-time. Either way you’ve had that niggling inclination to re-invent yourself, to indulge your passion in doing something creative or have a go at doing something completely new. You start selling on Etsy, take a few portrait photographs for friends, design some jewellery – you ‘re loving being able […]

Filed Under: Self assessment, Self employment, Starting Up, Working from home Tagged With: hobby business, mumpreneurs, self assessment, self employed, sole traders, solopreneurs, starting up a business

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Recent Posts

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The Winchester Bookkeeping Company Ltd. Registered office: The Elms, Itchen Abbas,SO21 1BN. Registered in England & Wales. No: 8942503.

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