How to register as self employed online(3 Posts)
blublutoo Sat 21-May-16 18:09:32
Flanderspigeonmurderer Sat 21-May-16 18:15:01
nannynick Sat 21-May-16 19:06:07
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Hi, can someone tell me or send me a link please. I'm a nanny who is EMPLOYED but need to register self employed for my ad hoc work. I've heard it's relatively easy online..
HMRC website, I think you will need your national insurance number but it's relatively easy
Read that page then go on to the next page and click the Register as a new business link which will take you to the registration pages. Read through each step, selecting "I want to tell HMRC that I am in business and need to register for a new tax or tell HMRC that the company is now active". Keep on reading the pages and you will get to a Government Gateway login point.
You are on your own from there but it should be fairly easy to follow through each step.
I would use your own name as he business name. I would provide a brief description of your service - ad hoc childcare. I would use Cash Basis accounting (this is the easy method where you record payments in when you get paid and payments out when you make payments).
I would suggest you read a basic book about accounting if you do not know about doing small business accounts. Small Business Accounting: The jargon-free guide to accounts, budgets and forecasts (Teach Yourself) Paperback – by Andy Lymer is useful.
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