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Self employment guide - Tiscali

Self employment

Self employment

Giving up the security of a regular salary, paid holidays, statutory sick leave and even perhaps a company car for the challenge of self-employment is one of the biggest decisions an aspiring entrepreneur will ever take.

It can also be one of the most daunting, involving a seemingly endless choice of taxation options, office management problems and, of course, the responsibility of being in charge of the business. But as the 320,000 or so individuals who become self-employed for the first time each year in Britain could testify, it can also be the most rewarding.

If you're thinking of taking the plunge or have already set yourself up here are a few pointers:

  • Timing
  • Tax status
  • Planning
  • Home or office?
  • Workstyle
  • Self assessment

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