OP - I know someone said to get an accountant, but the really important bit is to stash some money away for your tax every time you get paid for a job. At least 25%-30% of your 'profit' for the job. Your tax bill comes in two big lumps each year, and if you've not got in the habit of putting money to one side it can take a long time to get back on top of it after the initial pain - and the tax man won't wait to get paid!
If you're disiplined about it you'll build up a surplus over time. Put it somewhere where it isn't easily accessible. Premium Bonds are where I used to stash my tax money. Tax free and you could win a million! (I never did though!)
Going self-employed was the best thing I ever did.
If you're disiplined about it you'll build up a surplus over time. Put it somewhere where it isn't easily accessible. Premium Bonds are where I used to stash my tax money. Tax free and you could win a million! (I never did though!)
Going self-employed was the best thing I ever did.