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Muhammad Haider
Muhammad Haider,
Category: Tax
Satisfied Customers: 911
Experience:  Director at HM Accountax
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My first year of self employed started in April 2020 after

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My first year of self employed started in April 2020 after being made redundant. I earned £8500 in the year but my tax bill is over £1200. I don't know if I've made a mistake.
JA: Are you filing as a sole proprietor or independent contractor?
Customer: Sole trader
JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
Customer: I paid tax on my redundancy in the last financial year

Hi,

I am an advisor at JA and happy to assist you.

You might have included something wrong as if the total income is £8,500 then there shouldn't be any tax.

Regards

Muhammad

Muhammad Haider and other Tax Specialists are ready to help you
Customer: replied 13 days ago.
What about national insurance?

NI should be minimal

Customer: replied 13 days ago.

I must have made a mistake but nothing says I've earned any more. Thanks

If you send me your tax calculation, I’ll review and come back to you.