Hello
Guest

Sponsored Links


Topic: Filing as Self-Employed (when it is a 2nd job)  (Read 784 times)

0 Members and 1 Guest are viewing this topic.

  • *
  • Posts: 1952

    • unabridged opinions
  • Liked: 1
  • Joined: Feb 2008
  • Location: Manchester
Filing as Self-Employed (when it is a 2nd job)
« on: November 16, 2011, 10:48:14 AM »
Hi! Soooo, throughout the year I make a pittance as a self-employed copy-writer/editor/etc. It will be under £5000 for the year (well under).  When filing as self-assessed, do I also need to include all of the information from my "real" job (when I PAYE with that one)?
Argh. Let alone how this will complicate my US taxes this year!


  • *
  • Posts: 55

  • Liked: 0
  • Joined: Feb 2011
Re: Filing as Self-Employed (when it is a 2nd job)
« Reply #1 on: November 16, 2011, 10:58:58 AM »
Hi! Soooo, throughout the year I make a pittance as a self-employed copy-writer/editor/etc. It will be under £5000 for the year (well under).  When filing as self-assessed, do I also need to include all of the information from my "real" job (when I PAYE with that one)?
Argh. Let alone how this will complicate my US taxes this year!

Yes. If you file a tax return, you'll need to include PAYE income too.

For the US tax return, file Schedule C, and use the totalization agreement so you don't need to pay SE taxes there. It's worth changing your Accounting Year End here to 31 Dec to make it easier to file the Schedule C.
US Enrolled Agent and Certifying Acceptance Agent in Manchester
Contact me at info@americantax.co.uk or 0161 408 5613


IRS CIRCULAR 230 NOTICE:
To ensure compliance with requirements imposed by the United States Internal Revenue Service, we inform you that any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties or (ii) promoting, marketing or recommending to another party any transaction or matter addressed h


Sponsored Links