Hi,
Just about to receive a cheque for my first contract job outside of my fulltime job. Its a job I did for a fixed amount evenings and weekends at home after work.
How do I go about it to avoid paying loads of tax and losing all my (really really!!) hard earned money. I've waited four months for payment and don't want to see it all swallowed up in tax.
Should I set up a company or just declare it as earnings?
Any help, links, advice would be hugely helpful as they are asking who to make te cheque payable to and I dont know what to do
rich
Just about to receive a cheque for my first contract job outside of my fulltime job. Its a job I did for a fixed amount evenings and weekends at home after work.
How do I go about it to avoid paying loads of tax and losing all my (really really!!) hard earned money. I've waited four months for payment and don't want to see it all swallowed up in tax.
Should I set up a company or just declare it as earnings?
Any help, links, advice would be hugely helpful as they are asking who to make te cheque payable to and I dont know what to do
rich
Comment