rosstheboss
Retrobike Rider
Thinking about going self employed a lot recently, and was wondering as I know a fair few of you are already, what the deal is with it?
A few things I was wondering about
How did you start out/get going?
How do you sort the tax bit out and how do you decide how much to declare?
How does the vat back thing work?
What do you do about sickness/injury?
How does it affect tax credits etc?
How do you discipline yourself for putting tax aside?
Work has been quite thin on the ground recently and I've been helping a mate out who has since told me he has a fair bit on, although he quite often gets his brother to help out. I'm employed but the boss has said if needs must I can work for my mate on the odd day. I have a feeling I could make more money by spreading myself thinner between a number of employers rather than one with occasional big paying jobs, although I am slightly nervous of losing the perks of being employed - i.e. a constant wage each month(albeit crap basic wage, with decent bonus for site work, although I've only got the basic the last couple of months and probably next month too), holidays, sick pay etc. I guess that is the eternal toss up though!
All thoughts welcome!
P.s. TGR don't mention this to Paul just yet!
A few things I was wondering about
How did you start out/get going?
How do you sort the tax bit out and how do you decide how much to declare?
How does the vat back thing work?
What do you do about sickness/injury?
How does it affect tax credits etc?
How do you discipline yourself for putting tax aside?
Work has been quite thin on the ground recently and I've been helping a mate out who has since told me he has a fair bit on, although he quite often gets his brother to help out. I'm employed but the boss has said if needs must I can work for my mate on the odd day. I have a feeling I could make more money by spreading myself thinner between a number of employers rather than one with occasional big paying jobs, although I am slightly nervous of losing the perks of being employed - i.e. a constant wage each month(albeit crap basic wage, with decent bonus for site work, although I've only got the basic the last couple of months and probably next month too), holidays, sick pay etc. I guess that is the eternal toss up though!
All thoughts welcome!
P.s. TGR don't mention this to Paul just yet!