Working from home will usually mean a self-employed status, which means sorting out your own taxes. There are a number of tax breaks for self-employed home workers but there are also some stipulations to these allowances.
How Much Can I Earn Before I Need to Pay Tax?
Everyone is entitled to earn a set amount of money before they start paying income tax. At the moment the amount that can be made before any tax is due will be £6,035. Once this figure has been surpassed the income tax payments will be around 20% of any profit made. However, there are tax breaks available for self-employed people. The personal allowance does fluctuate each year and those over 65 can usually earn more before any tax is due.
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Colette Morris
My home Biz http://tiny.cc.com/divablog393
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