home.social

#selfemployed — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #selfemployed, aggregated by home.social.

  1. When you're a #SelfEmployed #editor, there's no Human Resources to assess what processes you should change. Or is there? Lori Paximadis takes you through doing #project #reviews, on the blog of The Quad, a #mastermind #group that she, 5 others, & I have been in since 2015. tinyurl.com/5yx9v644

  2. When you're a #SelfEmployed #editor, there's no Human Resources to assess what processes you should change. Or is there? Lori Paximadis takes you through doing #project #reviews, on the blog of The Quad, a #mastermind #group that she, 5 others, & I have been in since 2015. tinyurl.com/5yx9v644

  3. When you're a #SelfEmployed #editor, there's no Human Resources to assess what processes you should change. Or is there? Lori Paximadis takes you through doing #project #reviews, on the blog of The Quad, a #mastermind #group that she, 5 others, & I have been in since 2015. tinyurl.com/5yx9v644

  4. When you're a #SelfEmployed #editor, there's no Human Resources to assess what processes you should change. Or is there? Lori Paximadis takes you through doing #project #reviews, on the blog of The Quad, a #mastermind #group that she, 5 others, & I have been in since 2015. tinyurl.com/5yx9v644

  5. When you're a #SelfEmployed #editor, there's no Human Resources to assess what processes you should change. Or is there? Lori Paximadis takes you through doing #project #reviews, on the blog of The Quad, a #mastermind #group that she, 5 others, & I have been in since 2015. tinyurl.com/5yx9v644

  6. “Business is booming.” 📈
    Bank: “You only made $50K.” 🤡

    Self-employed people will understand this pain.

    DM “BUSINESS” 🏡

    #MortgageBroker #SelfEmployed #BusinessOwner

  7. Australians increasingly staying put when it comes to jobs and housing, economic data suggests

    Not switching jobs. Not starting businesses. Not moving states. People are less mobile, less dynamic and more risk-averse…
    #NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #federalbudget #Housing #housingaffordability #jobmobility #Jobs #SelfEmployed #start-ups #stuck #workplace
    newsbeep.com/us/662992/

  8. Australians increasingly staying put when it comes to jobs and housing, economic data suggests

    Not switching jobs. Not starting businesses. Not moving states. People are less mobile, less dynamic and more risk-averse…
    #NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Economy #Business #federalbudget #Housing #housingaffordability #jobmobility #Jobs #SelfEmployed #start-ups #stuck #workplace
    newsbeep.com/us/662992/

  9. Paying too much for health insurance? If you're self-employed or above the subsidy limit, medical cost sharing and health share plans can lower monthly costs while still protecting against major medical bills. It’s not insurance, but many families use it as a more affordable alternative.

    Explore options here:
    mpb.health/

    #MedicalCostSharing #HealthSharePlans #SelfEmployed #AffordableHealthcare

  10. Most self-employed AuDHDers don't realize they're headed
    for burnout until it's too late.

    Find out where you stand.

    Take the 12-question AuDHD business health check. Free quiz.

    buff.ly/qKZhXW5

    #AuDHD #ActuallyAutistic #ADHD #SelfEmployed #Burnout

  11. 15 years of evading cubicle capture

    April of 2011 presented me with an opportunity disguised as the dismantling of a job I’d had under various titles for more than 17 years: a chance to pick up the work I loved without owing anything to how I’d done it at the Washington Post.

    But when I woke up on April 18, my first workday without a desk to my name at 15th and L, and proceeded to file one last uncomplicated tax return, I didn’t realize that I was starting this occupational reboot with a cheat code enabled.

    At least then, writing a personal-tech column for a major American newspaper for more than a decade and then getting unexpectedly kicked to the curb proved to be the best #OpenToWork ad I could hope to run.

    After getting enough unsolicited inquiries about writing for places on a contract basis instead of as an employee, I decided to try self-employment for at least a while instead of holding out for a full-time job that might return me to cubicle life.

    And now I’ve somehow made it 15 years without my work having a single point of failure. No one boss has been able to put me out of business, and no one editor has been able to quash my hopes of writing about any one thing.

    That’s left my own decision-making as the one ongoing risk, and I can think of so many ways that has failed me. The worst have been the times, more than once, that I assumed having one anchor client make up the vast majority of my income would be a quasi-permanent situation.

    The lesser ones have been my failures to sell stories that should have been easy to land somewhere. It’s weird how I can remember, with painful precision, individual story ideas that I should have turned into money–including the dollar amounts I could have put on each invoice–but instead fumbled away for one stupid reason or another.

    My income has varied more than I would have expected; 2012 was my best year, with the help of two clients paying above-market rates that they later thought better of, and then eight years later I finished 2020 with a bit over half that take as the pandemic beat down my fortunes and led me to accept some dismal worst per-word rates.

    (It helps, so much, that my wife has a real job with things like a predictable salary and health insurance.)

    Battling through 2020 and into 2021 meant more than I realized at the time; one of the best things that self-employment has taught me is resilience.

    It’s fair to say that I haven’t optimized my freelance work for personal wealth, not that any journalist makes that choice when they pick this profession. But I think I have optimized it for flexibility, both in the sense of how I’ve been able to write about things outside the mainstream of consumer-tech coverage (space foremost among them) and in how I’ve been able to make money (getting paid to speak remains something I should get better at).

    I have definitely optimized my work for taking me to interesting parts of the world.

    And because I enjoy my work, I think I’ve done a decent job of optimizing my work for fun. The New York Times’ late, great media reporter David Carr used to describe journalism as a caper that you hope to get away with for as long as you can, and I keep being reminded of how right he was about that.

    The past few years have lent one other perspective on my self-employed existence: the sight of so many friends with staff jobs losing those theoretically more secure positions. This February, that happened to about half of the newsroom of the Washington Post–including most of the tech reporters there.

    Somehow, despite regular reminders that maybe I don’t quite know what I’m doing, I carry on accumulating clients and 1099 tax forms. And if I can get away with this caper for another two and a half years, I will have spent more time working for myself than for any one company. That will be weird, but maybe not much more stranger than my entire career path so far.

    #1099 #caper #cubicle #freelance #freelancing #fullTimeFreelance #independentContractor #journalism #journalist #office #SchedC #ScheduleC #selfEmployed #workFromHome
  12. 15 years of evading cubicle capture

    April of 2011 presented me with an opportunity disguised as the dismantling of a job I’d had under various titles for more than 17 years: a chance to pick up the work I loved without owing anything to how I’d done it at the Washington Post.

    But when I woke up on April 18, my first workday without a desk to my name at 15th and L, and proceeded to file one last uncomplicated tax return, I didn’t realize that I was starting this occupational reboot with a cheat code enabled.

    At least then, writing a personal-tech column for a major American newspaper for more than a decade and then getting unexpectedly kicked to the curb proved to be the best #OpenToWork ad I could hope to run.

    After getting enough unsolicited inquiries about writing for places on a contract basis instead of as an employee, I decided to try self-employment for at least a while instead of holding out for a full-time job that might return me to cubicle life.

    And now I’ve somehow made it 15 years without my work having a single point of failure. No one boss has been able to put me out of business, and no one editor has been able to quash my hopes of writing about any one thing.

    That’s left my own decision-making as the one ongoing risk, and I can think of so many ways that has failed me. The worst have been the times, more than once, that I assumed having one anchor client make up the vast majority of my income would be a quasi-permanent situation.

    The lesser ones have been my failures to sell stories that should have been easy to land somewhere. It’s weird how I can remember, with painful precision, individual story ideas that I should have turned into money–including the dollar amounts I could have put on each invoice–but instead fumbled away for one stupid reason or another.

    My income has varied more than I would have expected; 2012 was my best year, with the help of two clients paying above-market rates that they later thought better of, and then eight years later I finished 2020 with a bit over half that take as the pandemic beat down my fortunes and led me to accept some dismal worst per-word rates.

    (It helps, so much, that my wife has a real job with things like a predictable salary and health insurance.)

    Battling through 2020 and into 2021 meant more than I realized at the time; one of the best things that self-employment has taught me is resilience.

    It’s fair to say that I haven’t optimized my freelance work for personal wealth, not that any journalist makes that choice when they pick this profession. But I think I have optimized it for flexibility, both in the sense of how I’ve been able to write about things outside the mainstream of consumer-tech coverage (space foremost among them) and in how I’ve been able to make money (getting paid to speak remains something I should get better at).

    I have definitely optimized my work for taking me to interesting parts of the world.

    And because I enjoy my work, I think I’ve done a decent job of optimizing my work for fun. The New York Times’ late, great media reporter David Carr used to describe journalism as a caper that you hope to get away with for as long as you can, and I keep being reminded of how right he was about that.

    The past few years have lent one other perspective on my self-employed existence: the sight of so many friends with staff jobs losing those theoretically more secure positions. This February, that happened to about half of the newsroom of the Washington Post–including most of the tech reporters there.

    Somehow, despite regular reminders that maybe I don’t quite know what I’m doing, I carry on accumulating clients and 1099 tax forms. And if I can get away with this caper for another two and a half years, I will have spent more time working for myself than for any one company. That will be weird, but maybe not much more stranger than my entire career path so far.

    #1099 #caper #cubicle #freelance #freelancing #fullTimeFreelance #independentContractor #journalism #journalist #office #SchedC #ScheduleC #selfEmployed #workFromHome
  13. 15 years of evading cubicle capture

    April of 2011 presented me with an opportunity disguised as the dismantling of a job I’d had under various titles for more than 17 years: a chance to pick up the work I loved without owing anything to how I’d done it at the Washington Post.

    But when I woke up on April 18, my first workday without a desk to my name at 15th and L, and proceeded to file one last uncomplicated tax return, I didn’t realize that I was starting this occupational reboot with a cheat code enabled.

    At least then, writing a personal-tech column for a major American newspaper for more than a decade and then getting unexpectedly kicked to the curb proved to be the best #OpenToWork ad I could hope to run.

    After getting enough unsolicited inquiries about writing for places on a contract basis instead of as an employee, I decided to try self-employment for at least a while instead of holding out for a full-time job that might return me to cubicle life.

    And now I’ve somehow made it 15 years without my work having a single point of failure. No one boss has been able to put me out of business, and no one editor has been able to quash my hopes of writing about any one thing.

    That’s left my own decision-making as the one ongoing risk, and I can think of so many ways that has failed me. The worst have been the times, more than once, that I assumed having one anchor client make up the vast majority of my income would be a quasi-permanent situation.

    The lesser ones have been my failures to sell stories that should have been easy to land somewhere. It’s weird how I can remember, with painful precision, individual story ideas that I should have turned into money–including the dollar amounts I could have put on each invoice–but instead fumbled away for one stupid reason or another.

    My income has varied more than I would have expected; 2012 was my best year, with the help of two clients paying above-market rates that they later thought better of, and then eight years later I finished 2020 with a bit over half that take as the pandemic beat down my fortunes and led me to accept some dismal worst per-word rates.

    (It helps, so much, that my wife has a real job with things like a predictable salary and health insurance.)

    Battling through 2020 and into 2021 meant more than I realized at the time; one of the best things that self-employment has taught me is resilience.

    It’s fair to say that I haven’t optimized my freelance work for personal wealth, not that any journalist makes that choice when they pick this profession. But I think I have optimized it for flexibility, both in the sense of how I’ve been able to write about things outside the mainstream of consumer-tech coverage (space foremost among them) and in how I’ve been able to make money (getting paid to speak remains something I should get better at).

    I have definitely optimized my work for taking me to interesting parts of the world.

    And because I enjoy my work, I think I’ve done a decent job of optimizing my work for fun. The New York Times’ late, great media reporter David Carr used to describe journalism as a caper that you hope to get away with for as long as you can, and I keep being reminded of how right he was about that.

    The past few years have lent one other perspective on my self-employed existence: the sight of so many friends with staff jobs losing those theoretically more secure positions. This February, that happened to about half of the newsroom of the Washington Post–including most of the tech reporters there.

    Somehow, despite regular reminders that maybe I don’t quite know what I’m doing, I carry on accumulating clients and 1099 tax forms. And if I can get away with this caper for another two and a half years, I will have spent more time working for myself than for any one company. That will be weird, but maybe not much more stranger than my entire career path so far.

    #1099 #caper #cubicle #freelance #freelancing #fullTimeFreelance #independentContractor #journalism #journalist #office #SchedC #ScheduleC #selfEmployed #workFromHome
  14. 15 years of evading cubicle capture

    April of 2011 presented me with an opportunity disguised as the dismantling of a job I’d had under various titles for more than 17 years: a chance to pick up the work I loved without owing anything to how I’d done it at the Washington Post.

    But when I woke up on April 18, my first workday without a desk to my name at 15th and L, and proceeded to file one last uncomplicated tax return, I didn’t realize that I was starting this occupational reboot with a cheat code enabled.

    At least then, writing a personal-tech column for a major American newspaper for more than a decade and then getting unexpectedly kicked to the curb proved to be the best #OpenToWork ad I could hope to run.

    After getting enough unsolicited inquiries about writing for places on a contract basis instead of as an employee, I decided to try self-employment for at least a while instead of holding out for a full-time job that might return me to cubicle life.

    And now I’ve somehow made it 15 years without my work having a single point of failure. No one boss has been able to put me out of business, and no one editor has been able to quash my hopes of writing about any one thing.

    That’s left my own decision-making as the one ongoing risk, and I can think of so many ways that has failed me. The worst have been the times, more than once, that I assumed having one anchor client make up the vast majority of my income would be a quasi-permanent situation.

    The lesser ones have been my failures to sell stories that should have been easy to land somewhere. It’s weird how I can remember, with painful precision, individual story ideas that I should have turned into money–including the dollar amounts I could have put on each invoice–but instead fumbled away for one stupid reason or another.

    My income has varied more than I would have expected; 2012 was my best year, with the help of two clients paying above-market rates that they later thought better of, and then eight years later I finished 2020 with a bit over half that take as the pandemic beat down my fortunes and led me to accept some dismal worst per-word rates.

    (It helps, so much, that my wife has a real job with things like a predictable salary and health insurance.)

    Battling through 2020 and into 2021 meant more than I realized at the time; one of the best things that self-employment has taught me is resilience.

    It’s fair to say that I haven’t optimized my freelance work for personal wealth, not that any journalist makes that choice when they pick this profession. But I think I have optimized it for flexibility, both in the sense of how I’ve been able to write about things outside the mainstream of consumer-tech coverage (space foremost among them) and in how I’ve been able to make money (getting paid to speak remains something I should get better at).

    I have definitely optimized my work for taking me to interesting parts of the world.

    And because I enjoy my work, I think I’ve done a decent job of optimizing my work for fun. The New York Times’ late, great media reporter David Carr used to describe journalism as a caper that you hope to get away with for as long as you can, and I keep being reminded of how right he was about that.

    The past few years have lent one other perspective on my self-employed existence: the sight of so many friends with staff jobs losing those theoretically more secure positions. This February, that happened to about half of the newsroom of the Washington Post–including most of the tech reporters there.

    Somehow, despite regular reminders that maybe I don’t quite know what I’m doing, I carry on accumulating clients and 1099 tax forms. And if I can get away with this caper for another two and a half years, I will have spent more time working for myself than for any one company. That will be weird, but maybe not much more stranger than my entire career path so far.

    #1099 #caper #cubicle #freelance #freelancing #fullTimeFreelance #independentContractor #journalism #journalist #office #SchedC #ScheduleC #selfEmployed #workFromHome
  15. 15 years of evading cubicle capture

    April of 2011 presented me with an opportunity disguised as the dismantling of a job I’d had under various titles for more than 17 years: a chance to pick up the work I loved without owing anything to how I’d done it at the Washington Post.

    But when I woke up on April 18, my first workday without a desk to my name at 15th and L, and proceeded to file one last uncomplicated tax return, I didn’t realize that I was starting this occupational reboot with a cheat code enabled.

    At least then, writing a personal-tech column for a major American newspaper for more than a decade and then getting unexpectedly kicked to the curb proved to be the best #OpenToWork ad I could hope to run.

    After getting enough unsolicited inquiries about writing for places on a contract basis instead of as an employee, I decided to try self-employment for at least a while instead of holding out for a full-time job that might return me to cubicle life.

    And now I’ve somehow made it 15 years without my work having a single point of failure. No one boss has been able to put me out of business, and no one editor has been able to quash my hopes of writing about any one thing.

    That’s left my own decision-making as the one ongoing risk, and I can think of so many ways that has failed me. The worst have been the times, more than once, that I assumed having one anchor client make up the vast majority of my income would be a quasi-permanent situation.

    The lesser ones have been my failures to sell stories that should have been easy to land somewhere. It’s weird how I can remember, with painful precision, individual story ideas that I should have turned into money–including the dollar amounts I could have put on each invoice–but instead fumbled away for one stupid reason or another.

    My income has varied more than I would have expected; 2012 was my best year, with the help of two clients paying above-market rates that they later thought better of, and then eight years later I finished 2020 with a bit over half that take as the pandemic beat down my fortunes and led me to accept some dismal worst per-word rates.

    (It helps, so much, that my wife has a real job with things like a predictable salary and health insurance.)

    Battling through 2020 and into 2021 meant more than I realized at the time; one of the best things that self-employment has taught me is resilience.

    It’s fair to say that I haven’t optimized my freelance work for personal wealth, not that any journalist makes that choice when they pick this profession. But I think I have optimized it for flexibility, both in the sense of how I’ve been able to write about things outside the mainstream of consumer-tech coverage (space foremost among them) and in how I’ve been able to make money (getting paid to speak remains something I should get better at).

    I have definitely optimized my work for taking me to interesting parts of the world.

    And because I enjoy my work, I think I’ve done a decent job of optimizing my work for fun. The New York Times’ late, great media reporter David Carr used to describe journalism as a caper that you hope to get away with for as long as you can, and I keep being reminded of how right he was about that.

    The past few years have lent one other perspective on my self-employed existence: the sight of so many friends with staff jobs losing those theoretically more secure positions. This February, that happened to about half of the newsroom of the Washington Post–including most of the tech reporters there.

    Somehow, despite regular reminders that maybe I don’t quite know what I’m doing, I carry on accumulating clients and 1099 tax forms. And if I can get away with this caper for another two and a half years, I will have spent more time working for myself than for any one company. That will be weird, but maybe not much more stranger than my entire career path so far.

    #1099 #caper #cubicle #freelance #freelancing #fullTimeFreelance #independentContractor #journalism #journalist #office #SchedC #ScheduleC #selfEmployed #workFromHome
  16. I have said that if everyone became #self-employed there would be #no #financial #imbalance. And it's possible to do. If you #unionize that way. You are #self-employed #contractors in a #union. Much more powerful than still having to #negotiate directly with just one #employer. Harder to do even...

  17. I have to tell a potential client no tomorrow, and I don't think I've ever done that before. I have a horrible #pleaser gene, so I somehow have to grow a massive pair before tomorrow.

    Really, I'd prefer just writing awesome code and building cool stuff. Preferably on my own terms. While being selfempl..

    Oh, walked right into one.

    Growing it is.

    #selfemployed #work #contracts

  18. Hey freelance developer friends, do you carry insurance policies for your work? One of my contracts is asking me to have a $2 million dollar liability insurance policy in order to work for them.

    Is that amount a reasonable ask for a single freelance developer?

    Where do you buy your insurance from and what kind of policy are you carrying?

    #webdev #freelance #insurance #devlife #selfemployed

  19. FGS someone tell me to get on with my story practice and stop procrastinating!
    It’s Easter Sunday and this one takes 45 minutes and it’s sooo difficult but heck
    #selfEmployed #freelance #work

  20. Thanks for sharing your experience with going solo: Studio Self.

    Many interesting observations. This one will touch base with many ambitious creatives:

    "We’d struggled with precisely that experience: attempting to scale our own capabilities by hiring someone else, only to find ourselves mired in a level of mediocrity"

    Interesting to read how you use AI to 'outsource' non-creative tasks, so you can focus on what you do best and like most.

    #Creativity #SelfEmployed #AI #Entrepreneur
    @Daojoan

  21. Today, in a discussion, the question came up (by someone who has an inactive #Mastodon account), if the #Fediverse is welcoming for self-employed people who use social to market their services...

    ...I (as a self-employed person myself) don't have a full yes to that.

    So, then, are people who need to market their services for a living stuck to the billionaire platforms?

    What do you think?

    (that person isn't happy with Meta & Co)

    #selfemployed

  22. Please help me decide!
    If you're Autistic and self-employed, I want your opinion!

    The self-employment without burnout course is almost ready to go live. But I'm still vaccinating on the name. The contenders are:

    A) Anchored: Build Your Business to Work for You
    for Autistic & AuDHD Solopreneurs

    B) Unburnable: Build Your Business to Work for You
    for Autistic & AuDHD Solopreneurs

    C) Unburnable: Build a Burnout-Resistant Business
    for Autistic & AuDHD Solopreneurs

    D) AuDHDers: Work for Yourself Without Burning Out

    Please comment with opinions or suggestions!

    (And do you think of yourself as self-employed, a solopreneur, do you "work for yourself"? How do you say it to yourself?)

    #Autistic #AuDhd #Autisticbusiness #Selfemployed

  23. As an #editor, I have not always been the only #SelfEmployed person in my household. Here's a Facebook memory from 2015 showing my mate, a #cabinetmaker, working away. He has never been one to create lists on a computer. 😁

  24. Quite hard convo with a couple of late payers. I'd say this is the worst side of being a #selfemployed #digitalnomad . I don't like the potential conflict. Just pay up you....

  25. AuDHDers: tired of burning out trying to make self-employment work?

    A lot of solopreneur advice assumes people work in the same way, but Autistic and AuDHD founders have totally different strengths and challenges.

    I'm launching a new course soon: Work for Yourself Without Burning Out

    autismchrysalis.com/audhd-solo

    1/2
    #ActuallyAutistic #AuDHD #AutisticBusiness #NeurodivergentEntrepreneur #AutisticFreelancer #SelfEmployed #Solopreneur

  26. AuDHDers: tired of burning out trying to make self-employment work?

    A lot of solopreneur advice assumes people work in the same way, but Autistic and AuDHD founders have totally different strengths and challenges.

    I'm launching a new course soon: Work for Yourself Without Burning Out

    autismchrysalis.com/audhd-solo

    1/2
    #ActuallyAutistic #AuDHD #AutisticBusiness #NeurodivergentEntrepreneur #AutisticFreelancer #SelfEmployed #Solopreneur

  27. AuDHDers: tired of burning out trying to make self-employment work?

    A lot of solopreneur advice assumes people work in the same way, but Autistic and AuDHD founders have totally different strengths and challenges.

    I'm launching a new course soon: Work for Yourself Without Burning Out

    autismchrysalis.com/audhd-solo

    1/2
    #ActuallyAutistic #AuDHD #AutisticBusiness #NeurodivergentEntrepreneur #AutisticFreelancer #SelfEmployed #Solopreneur

  28. AuDHDers: tired of burning out trying to make self-employment work?

    A lot of solopreneur advice assumes people work in the same way, but Autistic and AuDHD founders have totally different strengths and challenges.

    I'm launching a new course soon: Work for Yourself Without Burning Out

    autismchrysalis.com/audhd-solo

    1/2
    #ActuallyAutistic #AuDHD #AutisticBusiness #NeurodivergentEntrepreneur #AutisticFreelancer #SelfEmployed #Solopreneur

  29. AuDHDers: tired of burning out trying to make self-employment work?

    A lot of solopreneur advice assumes people work in the same way, but Autistic and AuDHD founders have totally different strengths and challenges.

    I'm launching a new course soon: Work for Yourself Without Burning Out

    autismchrysalis.com/audhd-solo

    1/2
    #ActuallyAutistic #AuDHD #AutisticBusiness #NeurodivergentEntrepreneur #AutisticFreelancer #SelfEmployed #Solopreneur

  30. ‘Death of the traditional tax return’ as biggest shake-up in 30 years hits South Wales

    From April 6, a radical new regime known as Making Tax Digital (MTD) will become mandatory for anyone with a gross income above £50,000 per year, marking the end of an era for paper-based filing.

    Experts have described the overhaul as the most significant change to the UK tax system since the introduction of self-assessment nearly 30 years ago in 1997.

    Regional accountancy firm Azets, which has offices in Swansea and Cardiff, is urging local business owners to act now to avoid falling foul of the new HMRC rules.

    Under the new system, qualifying individuals will no longer be able to submit a single annual return; instead, they must keep digital records and provide updates to the taxman every single quarter.

    Fraser Campbell, UK Head of ABAS at Azets, who is warning South Wales businesses to prepare for the “death of the traditional tax return.”

    Fraser Campbell, UK Head of ABAS at Azets, has confirmed that the shift represents a major digital reporting obligation for hundreds of thousands of landlords and sole traders.

    “MTD truly signifies the death of the traditional income tax return,” Mr Campbell has said, adding that the April deadline is now “fast approaching.”

    The changes are set to affect an estimated 864,000 individuals nationwide from next month, with that number predicted to soar to nearly three million within just three years.

    While the initial phase targets those earning over £50,000, the threshold is set to drop to £30,000 in April 2027 and further still to £20,000 by 2028.

    HMRC has said the move will bring the tax system closer to “real-time,” providing businesses with more accurate financial information throughout the year.

    However, the transition requires the use of specific MTD-compatible software, and experts are warning that those who haven’t yet modernised their processes could face a scramble to comply.

    “Preparation, planning ahead and taking advice at the right time are key for compliance,” Mr Campbell has stated, urging those in South Wales to check their qualifying income immediately.

    Related stories from Swansea Bay News

    Swansea mum wipes £1,500 off her mortgage with simple hack
    A quick switch slashes years off repayments — and locals say it works.

    The supermarket maths trick that stops shoppers falling for fake deals
    A GCSE‑level skill exposes the offers that aren’t really offers at all.

    £100 contactless limit set to be scrapped
    A major shake‑up for tap‑and‑go payments as rules face overhaul.

    Call to scrap VAT on sunscreen as skin cancer rates rise
    Campaigners say sun protection should be treated as essential, not a luxury.

    More money stories
    The latest ways people across our region are saving, spending and staying afloat.

    #Azets #Business #Cardiff #Finance #HMRC #Landlords #MakingTaxDigital #money #MTD #SelfEmployed #Swansea #tax
  31. So something like the #PostOffice #HorizonScandal could then happen to all #SelfEmployed people... a software bug creating the impression they have something wrong when they haven't. What a bright idea.

  32. So something like the #PostOffice #HorizonScandal could then happen to all #SelfEmployed people... a software bug creating the impression they have something wrong when they haven't. What a bright idea.

  33. So something like the #PostOffice #HorizonScandal could then happen to all #SelfEmployed people... a software bug creating the impression they have something wrong when they haven't. What a bright idea.

  34. So something like the #PostOffice #HorizonScandal could then happen to all #SelfEmployed people... a software bug creating the impression they have something wrong when they haven't. What a bright idea.