Tag: Accountants for Self Employed

Self-Assessment Tax Return guide for self employed
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Self-Assessment Tax Return guide for self employed

As self employed it can depend on how you want to setup your business. You can be self employed and form a limited company. You can be self employed and register as sole trader with HMRC. Most common taxes you pay are Income Tax, National Insurance, VAT and corporation tax.

Starting Business
HMRC

Starting a Business | Income Tax and Accounting

A business can choose the accounting date that best suits the business. This will affect the profits assessed in each tax year and the extent of overlap profits. A date early in the year will give the maximum cash flow benefit.