Your Guide to Tax as a Personal Trainer

So first of all, let’s have a look at your options once you are fully qualified. You can either be ‘Employed’ or ‘Self-employed’ or a ‘Limited company’. We don’t cover being a Limited Company or Corporation Tax in this guide. So, head over to our ‘Guide to tax as a Limited Company’ post if you […]

Self-Employed Personal Trainer – TAX and NIC

SELF-EMPLOYED PERSONAL TRAINER? TAX AND NATIONAL INSURANCE EXPLAINED… Tax when you’re self-employed usually refers to the tax payment of sole traders. After initially registering with HMRC as self-employed via the form CWF1, sole traders are expected to figure out how to calculate their tax and national insurance themselves. It’s a massive change, going from not […]

Registering for Self-Assessment (including class 2 contributions) for your PT business

The first step in letting HMRC know you have started your own personal training business is to register for self-assessment (including class 2 contributions). This is the same process for all self-employed individuals. You must follow the link above and follow HMRC’s long winded process of requesting your details by 5 October following the end […]

Making Tax Digital (‘MTD’) for Income Tax – Personal Trainers Get Ready!

From April 2023, things are changing for individuals with ‘Turnover’ or ‘Rental income’ that exceeds £10,000. Continue to read this article to understand what MTD for Income Tax is and whether you are one of the millions affected. If you are a Limited Company, MTD doesn’t apply to you yet. This is expected to come […]