Taxes can be tricky to navigate, can’t they? As a self-employed business, keeping track of all your tax reporting deadlines is just one of the many crucial things you need to remember. No matter how busy you are though, missing the deadline to submit your tax return and pay the bill is best avoided (along…
Many of us are swapping central heating for a hot water bottle at the moment as the cost of living and price of energy continues to climb. The crisis doesn’t just apply to life at home though, it’s also affecting businesses across the country who are having to cut back and compromise in order to…
Running one business is plenty of work by itself, but it’s not unheard of for some people to run multiple businesses at the same time. These might be sole trader enterprises, limited companies, or a combination. There aren’t any rules to say that you can’t run more than one business, but doing so can sometimes…
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…
Being a company director means you can take a more flexible approach to how and when you pay yourself. In most cases this means taking a tax-efficient ‘split’ income, where part of the money you pay yourself from the company comes from a salary, and the other part comes from dividends. This tax efficiency is…