Filing your tax return and paying your tax bill on time are essential if you’re hoping to stay out of trouble whilst managing things like cash flow, budgets and expenses. But if your cash flow takes a hit, what happens if you’re having problems paying the tax you owe? Let’s take a look at HMRC…
No matter how much you love what you do, getting paid for your products or professional services is one of the most satisfying parts of the job. Unfortunately taking care of your invoicing can be a bit like doing the weekly food shopping – a bit of a nuisance, but worth it. That’s why it…
If you’re at the point where your skill, passion or side hustle seems to be a viable means of self-employment, congratulations! This is your first big step to entrepreneurial success and it’s a super exciting time. You know you want to be self-employed. You’ve got reason to believe it’s going to be a great move….
If you’re about to submit a Self Assessment or you’re still fairly new to it, then you might stumble across ‘payments on account’. These are basically advance payments that you make towards your self-employed tax bill, but not everyone needs to make them. To help you plan ahead and manage your cash flow, we explain…
Dividends can be a great way for company shareholders to earn money in a tax-efficient way, but they are still subject to tax – just at a different rate to other types of income. What are dividends? Dividends are payments that limited companies can make to qualifying shareholders from the profits that the company earns….