If you’ve never experienced this type of inflationary pressure when I’m working for an agency, and there is a real problem. So we’re going to talk about why what inflation means to an agency, what we can do, and most importantly, what I think we can do about it, because we do talk about why … Read more
https://www.sheffield.ac.uk/polopoly_fs/1.429180!/file/Working.as.self.employed.or.freelance.pdf https://www.ed.ac.uk/files/imports/fileManager/AGCAS%20Self-employment.pdf Self-employment Why do it? The definition of self-employment is ‘starting and running a successful business or social enterprise’. Many famous companies began this way as visionary men and women patented an invention, created a company or registered a brand. Although an excellent business idea plays a key role in the ultimate success of … Read more
If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as long as they’re allowable expenses. ExampleYour turnover is £40,000, and you claim £10,000 in allowable expenses. You only pay tax on the remaining £30,000 – known as your taxable profit. Allowable … Read more