Many small businesses start off with the owner also working a full-time job elsewhere. The business is typically a hobby or interest that has grown. But do you know when you should formalise it? Does formalising your hobby business scare you? Look no further for some hints and tips on how to get it right. HMRC define you entrepreneurs as people who are employed and are paid wages through PAYE for their main job but who earn extra money from activities such as: consultancy and other services organising parties and events or providing entertainment activities such as taxi driving, hairdressing, providing
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