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Related UK Tax Questions
I have a question. If I am working now on PAYE as employee
HiI have a question. If I am working now on PAYE as employee and would like to do something ells on the top of it as my extra income, can this be done as sole trading? So can I work on PAYE and as a S… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
Can sole trader employ somebody on Payroll? If yes, is any
Hello Can sole trader employ somebody on Payroll? If yes, is any advantage there for sole trader employing his wife on payroll, rather than his wife working full time somewhere ells? And what if his w… read more
bigduckontax
bigduckontax
Accountant
FCCA FCMA CGMA ACG
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Hi, I am self employed and have been since 2008. I am a
Hi, I am self employed and have been since 2008. I am a director of my company. I have always filed all company accounts and VAT/PAYE tax and payment on time but have only submitted my registration fo… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi there, My wife and I own to Buy-To-Let properties, both
Hi there, My wife and I own to Buy-To-Let properties, both of which are mortgaged on an interest-only basis. Unfortunately, the Rental income, not-to-mention the ground rent, insurance and maintenance… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I am currently self employed and searching for a legitmate
I am currently self employed and searching for a legitmate method(s) to reduce my annual taxable income. If I purchased shares in another company as a potential investment would this legitimately lowe… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Is it tax efficient to have a 2nd company under the umbrella
Is it tax efficient to have a 2nd company under the umbrella of the 1st company (which I have a 49% director share in) or to set up an additional business as a sole trader? I run a business with my hu… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,157 satisfied customers
I was self employed and working on a contract delivering HR
I was self employed and working on a contract delivering HR services May 08 - Nov 08. I paid myself a salary from that but not until 2009. I am completing a Self assessment tax return for 09-10 and am… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,157 satisfied customers
hi, I am about to embark on a small business in the uk, it
hi, I am about to embark on a small business in the uk, it will start as a hobby and hopefully grow. At the same time I am a full time employee in a business. Do I have to register as a sole trader as… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
I am in full time empoyment on PAYE. If I set up a small business
I am in full time empoyment on PAYE. If I set up a small business as a sideline I know I have to do self assesment. My business earnings in the first year will be very low <£1000 Can I set off my b… read more
mark25551
mark25551
Audit & Accounts Manager
ACCA
197 satisfied customers
Im currently a registered sole trader, working as a self employed
I'm currently a registered sole trader, working as a self employed project manager for an manufacturing engineering firm. My partner has an opportunity to work on a contract basis for a telecomms firm… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
I AM STARTING UP A BUSINESS AS A SOLE TRADER AND I AM ALSO
I AM STARTING UP A BUSINESS AS A SOLE TRADER AND I AM ALSO EMPLOYED FULL TIME BY AN EMPLOYER. CAN I OFFSET MY TAX FROM MY EMPLEE EARNINGS AGAINST THE LOSS OF SET UP COSTS AGAINST MY SOLE TRADER EARNIN… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi my husband went from being a sole trader to a ltd co in
Hi my husband went from being a sole trader to a ltd co in dec 09 we have a tax bill saying we owe 16,000 for this year 2010 even though he has caesed trading as a sole trader and now is paying compan… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I work as a teacher and have a start up company which made
I work as a teacher and have a start up company which made a loss over the year ending 08 - 09. Can I claim income tax losses?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
i WISH T CALCULATE HOW MUCH i OWE - SELF ASSESSMENT AND AM
i WISH T CALCULATE HOW MUCH i OWE - SELF ASSESSMENT AND AM WAITING FOR MY UTR AND ACTIVATION CODE SO i WANT TO PAY BY PHONE AND FILL IN FORM LATER WHEN i CAN ACCESS ON LINE ASSESSMENT.… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
Hi! Having retired from self-employment in March 2008, aged
Hi! Having retired from self-employment in March 2008, aged 70, I began to work on a casual basis for my son, in the mail order business he runs from our home. My salary to 31st March 2009 for the yea… read more
Julie Kingham
Julie Kingham
Chartered Tax Adviser
Chartered Tax Adviser
734 satisfied customers
Hi up until Mid june 2009, i was a 40% paye employee (in
Hi up until Mid june 2009, i was a 40% paye employee (in same job for over 7 years). I left and became self employed and set up a business which traded but i made a trading loss of £15,000. also some … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
7,089 satisfied customers
I have just secured a six month contract being paid a flat
I have just secured a six month contract being paid a flat fee per day as an IT Consultant. I was previously employed on PAYE and therefore need to set myself up as being self-employed. The contract i… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
hi i was employed PAYE until oct last year and then set up
hi i was employed PAYE until oct last year and then set up as a sole trader for the remainder of the tax year. will the startup loss for the business be offset for the tax i have already paid… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,702 satisfied customers
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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