If I register as self employed, will it affect my current PAYE tax in my Full Time regular job?

Question by Father Crowe: If I register as self employed, will it affect my current PAYE tax in my Full Time regular job? I am looking to start a small home based business, while still keeping on my regular Full-Time job and was wondering if I register as self-amployed via HMRC what effect, if any… Continue reading If I register as self employed, will it affect my current PAYE tax in my Full Time regular job?

Q&A: How will claiming a loss on my taxes affect my business standings?

Question by nu_girlie: How will claiming a loss on my taxes affect my business standings? I run a home based direct sales business. In my first 2 years I claimed losses on my taxes, my third year I broke even; however this year I may be showing a loss again. In the state of Massachusetts… Continue reading Q&A: How will claiming a loss on my taxes affect my business standings?