As a small business owner who also does RU-vid one of the most common things I get asked is whether you have to pay tax on RU-vid earnings and also small income from the likes of eBay, Etsy and the like? In this video I'm going to hopefully answer that question! This is specifically for the UK for the 2017/2018 tax year but if you're in a different part of the world it would be interesting to hear things are done where you're from! For more small business and self employment tips don't forget to Like, Share & Subscribe! :-)
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Here's the HMRC guidance for tax free allowances on trading and property income:
www.gov.uk/gui...
Also an excellent article here on Accountancy Age that discusses these allowances in more detail:
www.accountanc...
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I'm not in any way qualified to give you accountancy, tax or legal advice. Always use a good accountant. My opinions are my own and don't necessarily reflect the views of the companies I deal with. I sometimes use affiliate links - these don’t cost you a penny and help to keep this channel running. Read more about affiliate links here - the fairest way of funding the internet: smallbusinesst... - thanks so much for your awesome support!
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#SmallBusiness #BusinessTips #SelfEmployed
25 авг 2024