Tax Tips For Freelance Bloggers – TaxBack

from the blog.

Tax Tips For Freelance Bloggers

Freelance _writer

Blogging can start off as a simple hobby for many
people but more often than not it can actually turn into a
full-time job.

Once you start earning money from your blog,
you’ll need to start declaring your income to the taxman (HMRC to
use the official name!) so if you haven’t done so already you’ll
need to register as self-employed.

Keeping on top of your tax can be daunting, but
as long as you follow these simple tips you’ll be able to keep on
top of it, and your freelance blogging career can flourish!

Get Organised With Your Receipts

Keep all your invoices and all accounting
information in one place so you can easily keep track of your
incomings and outgoings. When it comes to filing your tax
return it will help to have your accounts in a tidy fashion, so
you’re not searching around for information. This will also help if
you need to employ an accountant.

Tax Returns

Take your time to read your tax-return
forms. It can seem confusing at first, but if you give
yourself plenty of time to concentrate on the task, it’s not quite
as bad as you might think!

Use A Tax Agent

Hire an expert. If you really do find it
confusing, then there is no shame in hiring an accountant to help
you out, that is what they are there for. There are
accountants that specialise in sole traders and small businesses
and will be able to go through all your accounts for you, saving
you lots of time and effort.

Watch The Clock

Don’t be late! It helps to be punctual and
file your tax return in plenty of time before the deadline.
If you file your tax return too late, you could incur a financial
penalty which could negate any tax rebate you may be expecting.

Think you may be owed some money from the Tax
Man? Apply
here to get your tax back.

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