Self Employment registration

Registering as self-employed is a crucial first step towards starting your own business, becoming an independent contractor, or going freelance. It is important for legal compliance and proper tax management, ensuring your work is legitimate and that you benefit from accurate tax submissions and other entitlements.

You must register with HM Revenue & Customs (HMRC) if your self-employment income exceeds £1,000 or more in a tax year, calculated before any permitted expenses are deducted. Even if you do not reach this threshold, you might still want to register to claim certain benefits like childcare or maternity, or to make national insurance payments.

Being self-employed gives you independence and control over your career and earnings. However, it also comes with responsibilities:

• Covering your business costs
• Keeping accurate records of income and expenses
• Filing a self-assessment tax return each year.
• Paying income tax and national insurance contributions to HMRC

Filing your self-assessment online is the easiest option. At Sigma Accounting, we offer a stress-free alternative to HMRC’s online service. Simply input your income and expense details into our intelligent software, and we will manage the rest. Being self-employed is demanding—let us manage your self-assessment for you.