Here’s a breakdown of what you need to do when going self employed as a Virtual PA.
Registering your business as a Sole Traderhttps://www.gov.uk/set-up-business You can be a sole trader if the following apply:
This is different from owning a limited company or being in a partnership. |
Setting up a bank account for your business.We always suggest having a separate bank account for your business to your personal one. |
TaxesCheck what taxes may apply to you as a sole trader. |
Tax ReturnSelf Assessment tax returns https://www.gov.uk/self-assessment-tax-returns Who must send a tax return Self Assessment tax returns: Who must send a tax return – GOV.UK Registering and sending a return https://www.gov.uk/self-assessment-tax-returns/sending-return
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