E eeyore2502 Registered User Messages 118 31 Dec 2009 #1 I am currently employed Part-time and I am considering opening a small business part-time. For tax purposes can I still pay my tax through my PAYE and any extra then what I earn from my own small business?
I am currently employed Part-time and I am considering opening a small business part-time. For tax purposes can I still pay my tax through my PAYE and any extra then what I earn from my own small business?
J John Conlon Registered User Messages 72 1 Jan 2010 #2 Your employment will have tax deducted from PAYE. By 31st October after year end 31/10/2011 for 2010 income you must file Form 11 Income Tax return This will include income from all sources including PAYE and self-employed. On the form you show the PAYE income and tax already taken. You will pay over any balances. If you make a loss in the busienss it can be set against your PAYE income. You will need accounts as the form looks for balance sheet extracts. [broken link removed]
Your employment will have tax deducted from PAYE. By 31st October after year end 31/10/2011 for 2010 income you must file Form 11 Income Tax return This will include income from all sources including PAYE and self-employed. On the form you show the PAYE income and tax already taken. You will pay over any balances. If you make a loss in the busienss it can be set against your PAYE income. You will need accounts as the form looks for balance sheet extracts. [broken link removed]
E eeyore2502 Registered User Messages 118 1 Jan 2010 #3 Hi John, Thanks for the reply. How much would it cost to get books done up each year?