Self-EmploymentWhat changes when you work for yourself, and what to set aside.MoneyGeneral principles; the specifics differ by country.1RegisterMost countries require registration within a set period of starting.2Separate the moneyA second account for tax. Move a percentage of every payment inimmediately.3Keep recordsEvery invoice and every receipt. Digital copies are usuallyacceptable.4Know your allowable expensesCosts wholly for the business reduce taxable profit.5File and pay on timePenalties are automatic and rarely negotiable.A COMMON RULE OF THUMBSet aside 25–30% of every paymentMore at higher incomeBetter to over-reserve than to oweGeneral education, not tax advice. An accountant usually costs lessthan the mistakes they prevent.Self-Employmentlearnposters.com
Self-Employment — printable money wall chart from LearnPosters. Free vector PDF, US Letter and A4.

Self-Employment, step by step

General principles; the specifics differ by country.

  1. RegisterMost countries require registration within a set period of starting.
  2. Separate the moneyA second account for tax. Move a percentage of every payment in immediately.
  3. Keep recordsEvery invoice and every receipt. Digital copies are usually acceptable.
  4. Know your allowable expensesCosts wholly for the business reduce taxable profit.
  5. File and pay on timePenalties are automatic and rarely negotiable.

A common rule of thumb

  • Set aside 25–30% of every payment
  • More at higher income
  • Better to over-reserve than to owe

General education, not tax advice. An accountant usually costs less than the mistakes they prevent.

Questions about the Self-Employment poster

What’s on the Self-Employment poster?
5 numbered steps, with a full worked run-through. General principles; the specifics differ by country. Register — Most countries require registration within a set period of starting.; Separate the money — A second account for tax. Move a percentage of every payment in…; Keep records — Every invoice and every receipt. Digital copies are usually acceptable.; Know your allowable expenses — Costs wholly for the business reduce taxable profit.; File and pay on time — Penalties are automatic and rarely negotiable.. General education, not tax advice. An accountant usually costs less than the mistakes they prevent.
Who is the Self-Employment poster for?
Self-Employment belongs to the Money section rather than to a school year, because money is not something one grade owns. Anyone learning tax can pin it up — a beginner, a student mid-course, or someone revising years later.
When should you use the Self-Employment poster?
Nobody deducts tax for you. Set money aside from every payment, from the first one. A wall chart earns its place by being glanceable from where the work is happening, so Self-Employment belongs on the wall where that money work actually happens, within glancing distance, rather than filed away.
What other posters go with Self-Employment?
Capital Gains, Working Across Borders and How Income Tax Works sit alongside Self-Employment in the Money section. Printed together they make a wall rather than a single sheet, which is how a reference set actually gets used.Capital GainsWorking Across BordersHow Income Tax Works
Is the Self-Employment poster free to download and print?
Yes. Self-Employment downloads as a free PDF with no account, no email and no watermark, like everything else in the Money section. Print as many copies as you like for a home, a classroom, a library or a tutoring group; reselling the file is the only thing the licence rules out.Read the licence
What size does the Self-Employment poster print at?
Self-Employment is a vector PDF laid out for US Letter, and prints on A4 with Fit to page — the same file, no separate download. Because every mark on it is drawn rather than photographed, it stays sharp enlarged to A3, A2 or A1 at a copy shop. Colour carries emphasis only, so a greyscale print of Self-Employment loses nothing.Printing guide

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