“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.
Read MoreThe routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
As you know, keeping accurate records not only complies with regulations but also prepares businesses for a smooth experience during HMRC inspections. But is it clear when a VAT invoice should be issued and how to handle cash payments in relation to VAT invoicing? Today we’ll help you understand the importance of VAT invoices and how to manage them effectively, ensuring you’re always prepared for VAT recovery and compliance.
Throughout the year, companies will experience a series of changes due to the implementation of ECCTA 2023 and the Registrar’s expanded role as a guardian of accurate company information. While the Registrar has historically taken a lenient approach to certain offenses under the Companies Act 2006 (such as late filing of forms or failure to maintain required records), recent developments indicate a shift toward stricter enforcement. To prepare, companies should update all internal and Companies House records promptly and establish effective procedures for future compliance.
The annual report and accounts of a charity are important documents that provide information on the charity’s purposes, activities, achievements, governance, finances and fund types. They are different from a limited company’s accounts as they have to follow a different accounting framework, use different terminology and provide more disclosures. To produce the right reporting required for charities, your accountant should possess the right skills, as expertise is essential.
Construction Industry Scheme (CIS) covers many types of construction work including building work, plastering, plumbing, electrical, decorating among many other works. To make sure you are deducting the correct amount from your subcontractors you must verify them with HMRC before you pay them.
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