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 Self Employment Short If You're Self Employed, Have Relatively Simple Tax Affairs and Your Annual Business Turnover Was below 73 2019

Sa103s 2019-2025 Form

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Video instructions and help with filling out and completing Self employment Short If You're Self employed, Have Relatively Simple Tax Affairs And Your Annual Business Turnover Was Below 73,000, Use The SA103S Short Version Of The Self employment Supplementary Pages When Filing A Tax Return For Form

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Instructions and help about download self assessment tax return sa103s

this is a huge trap that I see self-employed people fall into all the time if you're self-employed you are the employer and the employee in your business which means you also are paying both sides of payroll taxes and when people are new to being self-employed they generally do not save enough sometimes they don't save anything at all so here's a rule of thumb if you're new to being self-employed and you can't accurately predict what your tax bill is going to look like figure out what your net income is for the year take your revenues minus your expenses and that's going to be your net income multiply that number by 30% to understand what you're probably going to owe in taxes now remember this isn't specific advice to your situation so go talk to a tax professional in your area who's going to coach you through all of this

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