In April 2010, the Crown Prosecution Service (CPS) joined forces with the Revenue and Customs Prosec...
If you are working for yourself either as a freelancer or sole trader, or even if you employ others but have not set up a limited company, then you will be classed as self-employed by HMRC and will be subject to Self Employment Tax. There are certain tax rules and policies which apply to being self-employed. The first thing you need to be aware of when planning your taxes is the requirement to register as a self-employed person with HMRC as soon as you can. If you fail to do so and fail to send in tax returns as a result, you can be heavily fined. You need to register WITHIN 30 DAYS of being in business, to avoid being fined. As a self-employed person you will still need to pay income tax and national insurance contributions, so will need to file a self-assessment tax return with HMRC every year to declare your income and expenses. The self-assessment calculates how much income tax and national insurance you need to pay for that year. It is always good to professional tax advice from our specialist tax accountants to ensure you set up the self-assessment correctly.
It’s impossible to praise Tax Accountants too highly! They aren’t sales driven and deliver a professional quality service. They offer a tailored and bespoke service that matches individual needs. 100% would recommend them.
Tax Accountants called me shortly after I had set up a company just as I was looking for an account. They asked a few questions and my intentions and they explained about tax planning saving me the time of blindly fishing around in the dark.
Fantastic service, my highly specific needs were listened to and understood, and I was put in contact with a relevant specialist. Couldn’t have asked for any better. I would recommend to anyone looking for fast and reliable service.
Amazing service and FREE Advice !!! What an amazing setup. Thank you very much for your help guys and I look forward to working alongside you in the future. Special thanks to Mr. Malik as he was the only one that I needed to talk to to get everything set up. Thank you again