AardvarkBusiness.net - Business Search Engine AardvarkBusiness.net - Business Search Engine



 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister   ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

     

Is this self-employment?

 
 
Post new topic   Reply to topic    AardvarkBusiness.net Forum Index -> Self-Employment Forum
View previous topic :: View next topic  
Author Message
ymi7
Temp


Joined: 09 Jan 2007
Posts: 1

4 ants

PostPosted: Tue Jan 09, 2007 4:42 pm    Post subject: Is this self-employment? Reply with quote

Hello everyone,

I'm from UK, working for an employer and looking for some guide regarding self-employment issue.

I design furnitures as a hobby and thinking about setting up a website to put pictures of my designs and of course would welcome anyone that is interested in my idea.

Will this be considered as online business? I am not going to set up an eshop on my website.

Or does this fall under the self-employment category?

The thing is I am not going to make this main source of income. Its just a hobby and I would like to share with everyone. Should people be interested with it, then perhaps maybe one day I will do it as a side income.

However, at the moment, what would this be? Any idea??

Thanks
A
Back to top
View user's profile Send private message
cheaptravel33
PA
PA


Joined: 05 Feb 2007
Posts: 29
Location: PA
38 ants

PostPosted: Sat Feb 10, 2007 10:23 pm    Post subject: Reply with quote

Yes that will be a online business
_________________
Travel Plus Make $10,000 week At Home
Get Affordable Leads To Promote Your Business
Back to top
View user's profile Send private message Visit poster's website
Smooth
Executive
Executive


Joined: 10 May 2004
Posts: 173

204 ants

PostPosted: Wed Feb 14, 2007 4:57 pm    Post subject: Reply with quote

Setting up a website isn't a commercial activity in itself. If you are inviting people to enter into a business-customer relationship then it becomes a business. If you put ads on it and earn income from those ads it becomes "business" income and is something you have to declare for tax purposes.
Back to top
View user's profile Send private message
masteremployment
Temp


Joined: 28 May 2007
Posts: 3

6 ants

PostPosted: Wed May 30, 2007 7:29 pm    Post subject: Reply with quote

You don't need to worry until you start making money. You could probably skim through the HM Revenue guides on self employment for more information (google "HM Revenue self employment")
_________________
Master Employment Jobs Search. Connecting highly skilled young professionals with recruiters world wide.
Back to top
View user's profile Send private message
StyleNerd
Executive PA
Executive PA


Joined: 13 Apr 2007
Posts: 51

60 ants

PostPosted: Thu May 31, 2007 1:30 am    Post subject: Reply with quote

You'll have to show us your site when you get it up Wink
_________________
Strictly Men's Business - The Men's Skin Care and Grooming Experts
Back to top
View user's profile Send private message Visit poster's website
HollowMarkeD
Executive
Executive


Joined: 19 Jun 2007
Posts: 111

128 ants

PostPosted: Tue Jun 19, 2007 1:21 pm    Post subject: Reply with quote

Yep thats self employment, as long as you incur all the costs of making your products and get all the profit. Whilst you are starting up you may want to look at Tax Credits that will take your self employed work into account, you may get some help setting up the business in your first year.
Back to top
View user's profile Send private message Visit poster's website
Smooth
Executive
Executive


Joined: 10 May 2004
Posts: 173

204 ants

PostPosted: Tue Jun 26, 2007 7:24 pm    Post subject: Reply with quote

Quote:
You don't need to worry until you start making money.


If only! Can you back this up with some link to HMRC's site? Or is it just a guess?

Taxes like business rates and VAT are due to the government whether you "make money" or not.
Back to top
View user's profile Send private message
HollowMarkeD
Executive
Executive


Joined: 19 Jun 2007
Posts: 111

128 ants

PostPosted: Wed Jun 27, 2007 9:46 am    Post subject: Reply with quote

You don't need to register for VAT until you're earning a good amount, I _think_ thats 50,000 per year at the moment. You can volunteer for VAT before that as in some cases you'll be better off.

The only start up cost of going self employed government wise are your NI contributions which you get in touch with the Tax office about, works out to be about 10 a month.

This is of course in the UK, no idea about other countries!

More details here at Tax office website
Back to top
View user's profile Send private message Visit poster's website
Smooth
Executive
Executive


Joined: 10 May 2004
Posts: 173

204 ants

PostPosted: Wed Jun 27, 2007 7:14 pm    Post subject: Reply with quote

It's actually 62,000, but it's a bit more involved than that tax site lets on.

My point remains: It is not the case that you do not pay tax if you are not making a profit. Taxes like VAT and business rates come out your takings before you get to calculate your "profit".
Back to top
View user's profile Send private message
elevatingyourbusiness
Secretary
Secretary


Joined: 27 Mar 2005
Posts: 8
Location: USA
11 ants

PostPosted: Sun Nov 25, 2007 11:40 pm    Post subject: well... Reply with quote

You are self-employed when you work for yourself and bring in an income (although it's possible to be self-employed the first few years and NOT turn a profit).

And you're an online business, if you have a web site and sell things from it.

So I'm guessing you maybe both.
_________________
Maria Marsala
Speaker, Business Strategist, Author

We help SMBs earn more, market smarter and only do the work they enjoy! It starts with More Business eNewsletter available at http://www.ElevatingYourBusiness.com
Back to top
View user's profile Send private message Visit poster's website
abdelrahman80
Secretary
Secretary


Joined: 27 Nov 2007
Posts: 15
Location: United States
20 ants

PostPosted: Tue Nov 27, 2007 2:10 pm    Post subject: Hello, Reply with quote

Well I do agree with Smooth in his comment but why you don't turn this hobby into a real business. Specially if you have a unique idea and you are that skillful.

Setting up this website will be beneficial anyhow as if it is not going to be an online business, it is going to be a means for millions of people getting to know about you and your activity from all over the world through search engines.

Hope I could be of any use Smile
_________________
AbdelRahman
http://follow4more.info/?i=137822/f-pif4pabdou-aardvark
Back to top
View user's profile Send private message Yahoo Messenger
Richard_zhou
Secretary
Secretary


Joined: 13 Oct 2008
Posts: 15
Location: Shenzhen,China
22 ants

PostPosted: Wed Oct 15, 2008 6:59 am    Post subject: Reply with quote

yeah, win your business, success in your trade.
Back to top
View user's profile Send private message Send e-mail AIM Address Yahoo Messenger MSN Messenger
Display posts from previous:   
Post new topic   Reply to topic    AardvarkBusiness.net Forum Index -> Self-Employment Forum All times are GMT + 1 Hour
Page 1 of 1

 
Google
 
Business Forum Sport Forum Travel Forum


Powered by php B B © 2001, 2002 php B B Group

AardvarkBusiness.net Business Search Engine & Directory