15:05 25 March 2013
If you started your internet business, consulting, crafts, or other type of self-employmentthis year there are a few things you’ll want to know before you are surprised by the taxes. Here is the information you will need to have at the ready.
These are just a few of the things that you’ll want to prepare and have handy for your self-employment taxes at the end of the year. A good rule of thumb is to keep anything at all related to financial transactions that involve your business.
You may not need all the data for the various business records listed, but it is important to have all of that material at the ready.
Also before you jump into the task of figuring out self-employment taxes, you may want to enlist the help of an individual such as a person from the Citizens Advice Bureau (CAB) to figure the amount of credits you receive.
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