With the deadline for making your Self Assessment Payment on Account looming (31 July), you may be wondering what happens if you make your payment late. Well apart from lots of reminders, HMRC will apply interest to the outstanding amount from 1 August....
No one wants to pay more tax than they have to and when you are running a small business every penny counts! So here are 5 tops tax tips that can help you save on your Corporation Tax bill.... Claim Your Expenses All too often a Director will pick the bill...read more
Self Employed Cake Maker? Here is our tax advice guide just for you. Whether you are starting out or just want to understand more about allowable expenses, here are some useful tips specifically for Self Employed Cake Makers. Register with HMRC as a Self Employed Cake...read more
HMRC require a payment on account towards your tax bill in January and July of each year. But what if your earnings have taken a dip or gone into full time employment? Well, you can apply to HMRC to reduce your payments on account. You can either apply as...read more
Registering for Self Employment if you have NOT Submitted a Personal Tax Return Previously Registering for Self Employment is a fairly straightforward process and you can do it online yourself here. The process can take up to 7 -10 days however and...read more
Long before you launch your start up and begin making sales, you will probably have begun to incur costs while you try, test and bring your idea to life. It's no surprise that you may be wondering whether these early expenses which you probably paid for...read more
Your staging date for setting up a Workplace Pension Schemes and start making contributions has been set. You should have received a letter from The Pensions Regulator which sets out your staging date - this is generally first issued a year before your...read more