Five tips for the self-employed and freelancers juggling multiple incomes, by a tax expert

Contributing sentiments towards policy:

61% : They're also great at helping you find additional tax reliefs you might be able to claim, so you might earn back more than what you pay on accountants through additional income."
57% : " "All income must be declared on your Self Assessment tax return, even if you're also in full-time employment and taxed through PAYE.
52% : " "Many people forget that tax is a thing until the Self Assessment tax deadline comes, and they think they have more income than they do.
51% : HMRC doesn't separate your additional freelance income from your main job, and it all needs to be reported together, although you won't pay tax on the same money twice!"
49% : It's often the 'little bits on the side' that freelancers and the self-employed forget about, but these are the ones that are likely to cause the most problems if they're missed off a tax return.
47% : According to Lauren Harvey, Accounts Manager at The Accountancy Partnership, an expert in accounting and tax for sole traders, limited companies and freelancers, she sees many freelancers make life harder for themselves when it comes to tax.
45% : While this can mean greater financial security and freedom, it can also bring additional administrative headaches when it comes to taxes.
45% : "When you have more than one income stream, it's easy to blur the lines on what you can and can't claim back against tax.

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