I am a Software Developer and I live and work for a company in the UK and pay PAYE taxes and NI Contributions through my wages for this jobs salary.
I am looking to start working on a couple of contracts as a sideline (not reducing my main jobs hours) that people have invited me to quote for (also in the UK) and I want to know what I should be doing regarding taxes on this work?
Do I need to register myself as a company in some way? Do I need an accountant? Do I need to file some tax forms?
Obviously I don't want to have to do these things as I don't want to pay for them at this early stage in my freelancing/consulting career but at the same time I want to be covered and not get fined for not paying relevant taxes.
Other people must be in a similar situation so I would like to know what you are doing in terms of accounts.