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Sole trader - I made a mess
Hi,
In 2019 I started a career as a freelance photographer and I realised five photographic services for a total amount of £1,130.00.
Since I was starting, my photographic expenses in terms of camera and lens (£676.97) and female designer outfits I used for my shootings (£4966.91) were very high, for a total amount of £5643.70.
I registered my self as a sole trader on January and I received the government gateway user ID, but the problem is that I haven’t fill the tax return for 2019 since I thought that I should have paid taxes on my second year, but reading online I just realised I was wrong.
Also, in the same period, I got £3,570.40 from sales on Ebay (personal items or objects I previously bought that I didn’t need anymore). For this sort of business did I have to pay taxes?
What should I go? Do you suggest me to hire a professional? How could I fix the situation?
Many thanks,
x
In 2019 I started a career as a freelance photographer and I realised five photographic services for a total amount of £1,130.00.
Since I was starting, my photographic expenses in terms of camera and lens (£676.97) and female designer outfits I used for my shootings (£4966.91) were very high, for a total amount of £5643.70.
I registered my self as a sole trader on January and I received the government gateway user ID, but the problem is that I haven’t fill the tax return for 2019 since I thought that I should have paid taxes on my second year, but reading online I just realised I was wrong.
Also, in the same period, I got £3,570.40 from sales on Ebay (personal items or objects I previously bought that I didn’t need anymore). For this sort of business did I have to pay taxes?
What should I go? Do you suggest me to hire a professional? How could I fix the situation?
Many thanks,
x
- Contact in PM
Dau - Moneytree Financial
Messages count : 2Likes count : 0Registration : 15 April 2020Hi Alek,
Hope you and your family are coping fine during this pandemic.
We can certainly help you with this issue if you like, although its probably best if you hired an accountant to keep your finances in order.
If you have any other question feel free to email me. - Contact in PM
Lupita
Messages count : 207Likes count : 6Registration : 2 November 2006Alek90,
FreelanceUK arranged for an expert to answer your question on the FreelanceUK frontpage!
https://www.free-work.com/en-gb/tech-it/blog/freelancer-finances/%E2%80%99-questions-how-fix-my-sole-trader-tax-mess-overspending-and-not-self-assessing
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