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Pros/cons of a Sole Trader sideline?

BittenByTheBug · 2014-04-25 19:29:14

Hi, I'm lucky enough to be in full-time employment. I've been doing some free graphic design work for various voluntary groups as a sideline, and now other people are coming to me looking to get jobs done. If I'm to start charging for my time, I want to do it legitimately. What's the story with setting up a small sole…

25-04-2014 07:29PM

#1

BittenByTheBug

Registered Users, Registered Users 2 Posts: 37 ✭

Join Date: December 2009

Posts: 9

Hi,
I'm lucky enough to be in full-time employment. I've been doing some free graphic design work for various voluntary groups as a sideline, and now other people are coming to me looking to get jobs done.
If I'm to start charging for my time, I want to do it legitimately.
What's the story with setting up a small sole trader sideline in terms of tax? How do you separate it out (I can't see the sideline income amounting to much, maybe a couple of grand a year) and what are the potential pros/cons?
Thanks.

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Comments

#2 26-04-2014 02:07PM

Mr. Incognito

Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭

Join Date: March 2007

Posts: 9552

read the guide to self employed income in the stickies

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