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Starting out question - Keeping Old Job aswell
Hi all, I would like to ask a quick question in regards to what type of company to set up. Forgive me for not knowing to much about freelancing yet.
The question is, I want to remain in my permanent job as a designer but want to do graphics and web design in my spare time at home legally. So how would i go about setting up tax etc?? The other thing is that the company I work for may not last much longer so Im wanting to go into business for myself if this happens.
With all the types of company and tax I feel a bit lost at this stage, if somone could recommend and point me in a direction I would greatly appreciate it.
The question is, I want to remain in my permanent job as a designer but want to do graphics and web design in my spare time at home legally. So how would i go about setting up tax etc?? The other thing is that the company I work for may not last much longer so Im wanting to go into business for myself if this happens.
With all the types of company and tax I feel a bit lost at this stage, if somone could recommend and point me in a direction I would greatly appreciate it.
- The easiest thing to do is call up the Inland Revenue and tell them you want to be self employed as well as continuing your current job where you pay taxes through PAYE.
The call only takes a couple of minutes and keeps the tax office happy. -