BEING SELF EMPLOYED AND EMPLOYED AT THE SAME TIME

Have a side hustle and wondering what the issues are with being self employed at the same time as being an employee? In this video Dan runs you through what you need to know.

Topics include:

Being self employed and an employee at the same time (UK)
How tax on a side hustle works
How national insurance on a side hustle works
How national insurance as a self employed person works
How tax works as a self employed person
Tax and national insurance explained
How to get a tax return
How to register as self employed

… and more!

If you have any questions on this, please comment below.

You can see more about what we get up to on the following:





#accounting #businessaccounting #selfemployed #sidehustle #tax

[evelintoth]

Thank you for these videos! They are so helpful

[MrOrangeman]

awesome. thanks for your help. your videos are what's given me the confidence to start my own side hustle.

[thedoctorjamie]

Really helpful video - probably the best one so far ! Thanks

[chrismawa]

Fantastic video thanks! Helped answer some questions I had regarding setting up a "side hustle" 🙂

[darrylwebb]

Great video. Exactly all the right detail I wanted, clearly explained.

[MrCliverlong]

Very clearly organized and presented introduction and video. Explained exactly the situation I have. Thanks.

[AfroCitrus]

This video was immensely helpful! Thank you so much for this; I was really confused as to whether to register as a limited company or sole trader, first of all and then what to do with my finances in terms of tax. I hadn't even considered National Insurance. I am now perfectly clear on all fronts - thank you!!

[pilatesyogataichifit]

Thank you. I worked out much of this on my own, but good to ensure I was/am on the right track

[Onkarr]

Topman, been on my mind for years and 2021-2022 may be the year for it 👍

[laurahelen]

Fantastic video|! Thank you, super concise and I didn't even need to speed you up|!

[carlgouder]

Very helpful video! Thank you so much.

[simonpert]

Really helpful, great video thank you. Subscribed and will check out more videos, all explained in a great way.

[smooth]

Wow you are super helpful thanks so much!

[zoefallows]

fabulous thank you so much. Simple and effective :)

[AH-heub]

Hi Dan, really loving your simple and easy to understand "language". Apologies in advance for a basic question. Just recently opened a sole trader account to keep things "separate". However prior to it I used my other personal debit cards for business expenses. I have all receipts and backup if required. Can I still claim them on my 1st self assessment next year! :)

Thanks again for a speedy response:)

[johnwhite]

I think this is the best video I have seen so far. I cannot understand why accountants are not responding to me for help in doing my books. I am only just starting and want to get things right. The tax has not got back to me other than to say I already have a UTR number which I do not know about. But yeah I enjoyed the video

[TM-vgmx]

to be honest this is the main reason why I am not starting any hustle side work as things are too complicated in particular that day job is automatically taxed, thanks for the great video

[Pareeeeesa]

Amazing video! I'm thinking of starting my side hustle. Just wanted to ask, when I do my self assessment for 31st Jan, will HMRC already have all the information from my full time job and the tax/NI I've already paid, or do I need to dig up my pay slips for the tax year and input it?

[Gudha_Ismintis]

Hi Dan - thanks for the video - will there be another video on a 'Limited Company as a Side Hustle'

[KimMills-hlki]

Great video, Is there an updated version of this? Has anything changed since this was created in 2020?