Thursday, 25 November 2010
Talking to the Tax Man
I promised I'd update on business issues as well as crafting, so those of a nervous disposition when it comes to matters of self-employment and tax should probably look away now.
For those of you with strong stomachs who are still with me, I registered as self employed with Her Majesty's Revenue and Customs today. And it took...wait for it...less than 5 minutes. Yay me, and more importantly, yay to the nice tax man.
I went to a seminar organised by the tax office earlier this year, when I first thought of starting up my own business. The man who ran the seminar was really helpful, explaining how to register, what happens to National Insurance, and how/when you do your tax returns. He recommended registering on the phone rather than online, and it was so quick and easy that I was ridiculously impressed. So my papers are on their way, I understand what I need to do and when, and that's a big tick made on my list of things to do.
And a virtual bouquet to HMRC for making it so very easy.