startSelf-employment
How To

Self-employment

CCH IFirm Personal Tax
Last update: Reading time 1 minutes
Self-employment

    Click on Self-employment from the left panel or from the Self Assessment screen (you can also click Edit/View in the Self Assessment screen). 
    Click here to learn more about adding data sources.

    Add Self-employment

    To add self-employment:

    • Click on +Add data on the Self Assessment page.
    • Type the Business name and click +Add selected.

    iFirm-Personal-Tax_DataEntry_Self-Employment_1.png

    Business Details: In this section add the description and and address of the business. Tick the relevant boxes in the section.

    Business Income and Expenses: Enter the income and expenses values in the relevant boxes.

    Balance sheet: The balance sheet section is split into assets, liabilities and capital account. Scroll through and enter values in the relevant boxes.

    Capital Allowances and Balancing Charges: Enter the capital allowances and balancing charges.

    Adjustments: Enter the adjustments.

    CIS Deductions: Enter the CIS Deductions.

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