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DMT612 Professional Preparation PRACTICAL TAX. Practical Tax Seeing yourself as a business means taking responsibility for all aspects of your career,

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Presentation on theme: "DMT612 Professional Preparation PRACTICAL TAX. Practical Tax Seeing yourself as a business means taking responsibility for all aspects of your career,"— Presentation transcript:

1 DMT612 Professional Preparation PRACTICAL TAX

2 Practical Tax Seeing yourself as a business means taking responsibility for all aspects of your career, not least money and financial planning, income, outgoings and taxes.

3 Register your new business https://www.gov.uk/set-up-sole-trader http://marksimpson.co.uk/sass/

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7 Session Links https://www.gov.uk/set-up-sole-trader https://www.gov.uk/expenses-if-youre-self-employed/overview https://www.gov.uk/income-tax-rates/income-tax-rates https://www.gov.uk/paye-forms-p45-p60-p11d/p45 https://www.gov.uk/register-for-self-assessment https://www.gov.uk/apply-national-insurance-number https://www.gov.uk/tax-on-your-private-pension/overview https://www.gov.uk/workplacepensions https://www.gov.uk/tax-come-to-uk

8 Close Tax doesn’t have to be taxing, but you do need to get into the habit of keeping records, keeping receipts and keeping your accounts up to date. Do this and it’s far less likely that you’ll go wrong.


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