16:23 28 March 2013
If you work for yourself, or own part of a business you are self-employed. You have to file an assessment every single year for the tax season. Some of the information you will need to know about in order to complete the assessment is how your business did with profits.
If you have earned any additional income, such as earnings from rental property to contribute to your total household income, you will have to submit that information to the HM Revenue and Customs as well.
In order to see if you are indeed self-employed you should ask these questions to determine if you need to file a tax return.
Lastly, you can be working for someone else and be your own boss at the same time. Important Information to Know for Self-Employed about Taxes:
Those are the basics, if you have further questions you can contact the HM Revenue and Customs.
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