Currently I work a 9-5 job but want to do freelance in my own time which I shall be starting next month but I'm confused as to what I need to do to in order to comply with all the tax and income rules and regulations.
What do I need to do in order to register and make sure all is above board for a second income? I can only imagine it to be an admin nightmare and I hate admin!
I will be receiving all secondary income as an automatic payment every month which should make it easier to track for tax and everything. I will certainly be making my way into the higher rate tax band at least for a short time (6-12 months potentially) while I have a full time job and freelance income but at some point I hope to make the transition to freelancing full-time. Is there anything I need to consider for that situation?
Finally, what can I do to make the whole process as easy as possible? Obviously getting an accountant will help me with that but that almost certainly won't be feasible, at least initially.
