Finance Basics for Side-Hustlers
On the Make Episode 14 - finance basics for side-hustlers with Julie Day
If you’re feeling unsure about where to even start with finance for your creative side-hustle this is a must listen. In this episode I chat to Julia from Easy as VAT who shares a wealth of knowledge and so many useful tips on the basics of accounting for creative business owners.
If you feel you might be burying your head in the sand when it comes to your business finances or you’re worried that HMRC might be after you, this episode should help to put your mind at ease and introduce you to the basics of business accounting. Julia really has the knack of making the money stuff simple and approachable so if you’re currently trying your best to ignore the finance-y side of your side-business I really recommend have a listen to this episode. I promise it’s not scary!
IN THIS EPISODE WE COVER
How Julia left her full time job to make her business Easy as VAT her full-time gig!
What you need to be keeping track of in your business finances as an absolute minimum
When you need to register as self employed with HMRC and how
When you need to start declaring your income from your side-hustle and where to start
How tax works specifically for people in employment who are alsorunning a side-business
The most common finance mistakes that side-hustlers make with their business finances and how to avoid them
The benefits of having an accountant and what considerations you need to make before finding an accountant to work with
Sign up to Julia’s new membership group; The Independent Girls Collective
Julia’s simple guide on registering as self-employed with HMRC
Julia’s super straightforward spreadsheet template for your income and expenses
My interview with Jen from The Crafty Traveller on episode 2 of On The Make where she mentions her routine for managing her finances