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Hi everyone.
I need help with a situation that is a bit complex for me and I need what options are actually available.
I have been working as a regular employee in a permanent position for a company that laid me off mid-November 2016. After that, I registered as self-employed with the HMRC because I am trying to start an acting career, so I have some invoicing to do as an actor. Hoping, of course, that this will grow with time. Still, because I also need to sustain myself, I am looking for more steady jobs to take on on the side.
Now, I have two options about what may happen in the near future and I need to figure out what is the best way to do everything according to the law.
1. I get a new permanent job. In this case: should I simply provide the P45 to the new employer and in the meantime keep invoicing acting jobs as self-employed and at the end of the year work out the extra tax return for the actor work subtracting what has already been paid as per P60? Is being self-employed as an actor and being employed as *whatever* valid?
2. I get a contract role. In that case, should I just incorporate? So that I can invoice both normal work and actor work with the Ltd? Or should I just keep invoicing everything as self-employed, so that I have a more direct cash flow? Or should I more simply use an umbrella for the contract and self-employed for acting?
Am I getting all this wrong?
Thanks again for the advice!
Best,
Alessandro Valentini
I need help with a situation that is a bit complex for me and I need what options are actually available.
I have been working as a regular employee in a permanent position for a company that laid me off mid-November 2016. After that, I registered as self-employed with the HMRC because I am trying to start an acting career, so I have some invoicing to do as an actor. Hoping, of course, that this will grow with time. Still, because I also need to sustain myself, I am looking for more steady jobs to take on on the side.
Now, I have two options about what may happen in the near future and I need to figure out what is the best way to do everything according to the law.
1. I get a new permanent job. In this case: should I simply provide the P45 to the new employer and in the meantime keep invoicing acting jobs as self-employed and at the end of the year work out the extra tax return for the actor work subtracting what has already been paid as per P60? Is being self-employed as an actor and being employed as *whatever* valid?
2. I get a contract role. In that case, should I just incorporate? So that I can invoice both normal work and actor work with the Ltd? Or should I just keep invoicing everything as self-employed, so that I have a more direct cash flow? Or should I more simply use an umbrella for the contract and self-employed for acting?
Am I getting all this wrong?
Thanks again for the advice!
Best,
Alessandro Valentini