This Content Was Last Updated on April 6, 2020 by Jessica Garbett
Did you know there are over sixty help sheets for Yoga Teachers on our website?
Heres a list – and if there is a topic not covered, let us know
Setting Up
- Basic Principles of Tax
- Choice of Structure – Sole Trader, Partnership or Company?
- Registering With HMRC
- Trading Allowance £1,000
- Legalities of Working as a Yoga Teacher
Paying Taxes
- Basic Principles of Tax
- How is a Yoga Teacher Taxed?
- Tax Rates and Allowances
- Tax Examples
- Tax Calculator for Self Employed Yoga Teachers
- Self Assessment Return
- Guide to Filing Your Own Self Assessment Return
- Making Tax Digital
- Paying Your Tax and Payments on Account
- Penalties From HMRC
- Value Added Tax – VAT
- Combining Yoga Teaching with other Jobs or Businesses
- Employment Status
- Tax Enquiries
- Universal Credit & Tax Credits
- National Insurance and State Pension for Yoga Teachers
- Voluntary NI
- Working on Payroll
- Employing Someone to Assist You
Expenses
- What Expenses Can Be Claimed Against Tax?
- Travel Expenses – own car or public transport – Whats eligible for deduction
- Claiming Clothes
- Training, CPD and Class Attendance
- Do I Need Receipts?
- Car Costs
- Capital Allowances
- Home as Office Expenses
- Massage, Osteopathy or Chiropractic Expenses
Bookkeeping and Accounting
- Keeping Books and Records
- Bookkeeping Template
- Class Records – Students, Cash and Registers
- FreeAgent Software
- Do I Need a Business Bank Account?
Vat and Yoga Teachers
Running Your Business
- Running a Studio at Home
- Legalities of Working as a Yoga Teacher
- Practical and Legal Obligations of Running a Studio
- Business Accounts and Year Ends
- Payment terms, Agreement and Invoicing
- Trading Names, Business Registration and Intellectual Property
- Insurances and Protection (sickness, injury and unable to work)
- General Insurance (liability, equipment etc)
- Pensions and Retirement
- Maternity
- Child Care
- Working Through a Limited Company
- Working Through a Partnership or LLP
- Forming a Social Enterprise or Charity
- Budgeting for a Yoga Teacher
- Data Protection and GDPR
Working With YogaTax