Introduction to Tax for Self Employment
Congratulations – You’re running your own business!As a self employed individual, it is essential that you keep on top of...
Getting Started
Information on getting started as a self-employed individual, requirements and obligations.
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Business Bank Account / Finance
When operating as a sole trader, or as a business, it is important to arrange for an appropriate second bank... -
How do I get a HMRC User ID, Password or UTR?
To use HMRC’s online systems for viewing, submitting and paying your tax, you’ll need a number of different items –... -
Allowable Expenses, what are they?
Allowable expenses (sometimes referred to as revenue or trading expenses) are anything which has been purchased “wholly and exclusively” for... -
Payments on Account
Explainer Video Introduction If your tax bill is more than £1000, you’ll be required to make ‘balancing payments on account’... -
National Insurance Contributions
National Insurance can be simply seen as the system of contributions which are paid by workers and employers towards the cost... -
How to Register with HMRC
It is very important that you register with HMRC as soon as possible when you become Self Employed. HMRC are actually quite... -
Value Added Tax (VAT)
Important: This tax guide, and the Malgra Tax Guide website are designed for non-VAT registered self employed Slimming World consultants.... -
Personal Allowances
There is an amount of tax which does not need to be paid. This is known as your ‘Personal Allowance’.... -
Franchise Fees
As part of a franchise, the franchisor (the person or organisation selling the product or service) will provide the franchisee...