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“There is no such thing as a good tax.” – Winston Churchill. Yet here we are, — faced with one all the same. If you’re self-employed or earning extra income outside your 9 to 5, Self Assessment tax is something you can’t afford to ignore. It’s not just a form to fill in. It’s a legal obligation — with real cash flow consequences if you miss it, misjudge it, or misunderstand it. But here's the good news: paying your tax bill doesn't have to be stressful. It doesn't have to be last-minute. And it definitely doesn't have to come with a side order of panic. In this guide, I’ll walk you through how to pay Self Assessment tax with clarity — not confusion. You’ll learn what to expect, when to act, and the smartest way to pay (including a method that takes less than 60 seconds). We’ll also unpack hidden traps like payments on account, how to avoid penalties, and what to do if your cash flow’s tight. Read on — your future self (and your bank balance) will thank you.
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The routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
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The OECD's newly established Crypto-Asset Reporting Framework (CARF) mandates that crypto platforms share taxpayer data with tax authorities, a practice they currently do not follow. The objective is to grant tax authorities access to cross-border information, aiding in the enforcement of tax compliance. The UK, foreseeing the potential recovery of substantial tax revenue through CARF implementation, has forged a historic agreement with 48 nations to combat criminal exploitation of cryptoassets for tax evasion.
Raising threshold to £500,000 would cost £1.4bn a year in lost tax
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If you run a company and you employ professional lorry drivers, then your business might have particular tax concerns. The tax system in the UK is complex and can be daunting to navigate but it’s important that you get it right, as there are serious penalties for getting things wrong. Also, the first thing a business owner should remember is that costs incurred exclusively for the business purpose can be reimbursed. On other hand any benefits offered to employees are taxed in the same way as their income. If you’re not sure how to pay your drivers from a tax perspective, we’re here to help!
We are experienced certified accountants in Kent that are committed to helping small businesses achieve growth.
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