two jobs tax advise needed

[mimo]

I am still childminding but am now also a self employed career for a old lady two days a week. Daft question but can i out it all through the same set of books or do i have to keep seperate accounts for each job i.e childminding and careing. Also do i have to let the tax office know i have taken on another job or as it is al self employed am i ok.
Thanks in advance

[Paula J]

My husband used to have two part time jobs he ws self-employed for both the tax office required him to keep two sets of books one to cover each job for money comming in and expenses. He simply filled them at the same time before September 30th so Tax office worked out what tax he owed Paula

[Chatterbox Childcare]

I would say 2 sets of books because your expenses would be totally different, including car expenses which would be a nightmare of work out amalgamated

To get the best info, call the inland revenue help line

[sarah707]

Good answers and good advice to call the IR and ask...

But yes I know if you have 2 jobs you need to tell them... you get a different kind of return to complete

[4365]

Hi

I do two jobs -childminding and greetings cards etc. so both self employed. You do have to tell them and keep accounts separately. Remember that childminding tax concessions for heating, wear and tear may well be different or non-existent for the other job. When doing your tax forms you fill in two self-employed business bits and then they work out tax and NI contributions overall. At first I thought it would be a nightmare but if you keep up with accounts very little extra on the tax form. I also keep two business bank accounts because I reconcile my childminding using the ncma accounts book but for the card business I use the statements.

Best Wishes

Anni