Education (Tutors)
Private tutors often work independently, offering in person or online sessions. Many are unaware of their tax obligations or the expenses they can claim.
Why you need an accountant:
An accountant can assist with HMRC registration, ensure compliance, and help you claim allowable deductions such as teaching supplies, travel, and subscriptions, also having someone who has more tax industry knowledge.
Self-employed vs. Limited Company:
Most tutors operate as sole traders due to the simplicity and lower administrative burden. However, if you're earning significantly or planning to expand in terms of staff, forming a limited company might offer tax benefits and a more professional image.
Pricing Guide:
Self-employed: from £150/year
Limited Company: from £600/year or £50/month
Education (Tutors)
Private tutors often work independently, offering in person or online sessions. Many are unaware of their tax obligations or the expenses they can claim.
Why you need an accountant:
An accountant can assist with HMRC registration, ensure compliance, and help you claim allowable deductions such as teaching supplies, travel, and subscriptions, also having someone who has more tax industry knowledge.
Self-employed vs. Limited Company:
Most tutors operate as sole traders due to the simplicity and lower administrative burden. However, if you're earning significantly or planning to expand in terms of staff, forming a limited company might offer tax benefits and a more professional image.
Pricing Guide:
Self-employed: from £150/year
Limited Company: from £600/year or £50/month
Education (Tutors)
Private tutors often work independently, offering in person or online sessions. Many are unaware of their tax obligations or the expenses they can claim.
Why you need an accountant:
An accountant can assist with HMRC registration, ensure compliance, and help you claim allowable deductions such as teaching supplies, travel, and subscriptions, also having someone who has more tax industry knowledge.
Self-employed vs. Limited Company:
Most tutors operate as sole traders due to the simplicity and lower administrative burden. However, if you're earning significantly or planning to expand in terms of staff, forming a limited company might offer tax benefits and a more professional image.
Pricing Guide:
Self-employed: from £150/year
Limited Company: from £600/year or £50/month
