SELF-EMPLOYED numbers are at a record high and thousands of newly self-employed workers in Scotland will have to finalise their first tax returns this week ahead of the self-assessment deadline on Thursday.
Ronnie Ludwig, tax expert at Saffery Champness in Edinburgh, said: "Individuals who are submitting a tax return for the first time should be aware that you can offset any business losses you have made against the tax due on other sources of income, for example on earnings from part-time work or rent on property you own.
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