hello ,
i am about to start as self employed.
i realize i need to register online as a sole trader.
1 - what do i do about money? trying to sort tax credits etc out. are my predicted earnings what i estimate to earn each month one expenses are deducted??
2 - if i estimate i will make 15000 a year and can show receipts etc for 2000 then i only will pay tax on 2000??
im unsure of how the financial side of it all works.
what else do i need to do?literally i have handed in my notice at my current job.
help!!!!1
i am about to start as self employed.
i realize i need to register online as a sole trader.
1 - what do i do about money? trying to sort tax credits etc out. are my predicted earnings what i estimate to earn each month one expenses are deducted??
2 - if i estimate i will make 15000 a year and can show receipts etc for 2000 then i only will pay tax on 2000??
im unsure of how the financial side of it all works.
what else do i need to do?literally i have handed in my notice at my current job.
help!!!!1