Being your own boss in the UK offers incredible freedom and flexibility, but it also comes with the responsibility of managing your own taxes. For many new and aspiring self-employed individuals, the tax system can seem daunting. A frequent and crucial question is: “How much can I earn self-employed before doing a tax return?” This…

If you are searching for a self employed tax accountant near me, you’ve come to the right place. I offer friendly and affordable tax and bookkeeping services for people running their own business in and around Newmarket, Cambridge, Ely, and Bury St Edmunds. Being self employed has many benefits – freedom, flexibility, and the chance…

If you’re self-employed in the UK, knowing when to pay tax when self-employed is just as important as knowing how much you owe. Missing a deadline can lead to penalties, so it’s good to be clear on the dates. Key Deadlines for Self-Employed Tax The UK tax year runs from 6 April to 5 April,…

If you are self-employed in the UK, you might be asking: can self employed pay tax monthly? The good news is, yes – there are options to spread the cost of your tax bill instead of paying it all in one go. How self-employed normally pay tax Self-employed people usually pay Income Tax and National…

If you are self-employed in the UK, you must pay tax on the money you earn. But the good news is, there are legal ways to reduce your tax bill — and in some cases, you may pay no tax at all. Here’s how to avoid paying tax on self-employed income the right way. 1.…

If you are self-employed in the UK, one of the biggest questions you may have is: how much money should I put away for tax self-employed? Unlike employees, tax is not taken from your wages automatically. You are responsible for saving enough to pay your tax bill each year. Why saving for tax is important…

When it comes to running a business or sorting out tax returns, many people ask the same question: are accountant fees tax deductible uk? The short answer is yes, if the costs are linked to your business or taxable income. Accountant Fees for Businesses If you’re self-employed, a sole trader, or run a limited company,…

Yes, you can do a self-assessment tax return yourself — and many people in the UK do it each year. If your finances are simple, it’s often quite straightforward. HMRC (HM Revenue & Customs) provides an online system that guides you through the process. Who Needs to Do a Self-Assessment? You usually need to do…

When working with an accountant in the UK, you may be asked to show your passport. But why is this needed? Why Do Accountants Ask for Your Passport? Accountants are legally required to follow anti-money laundering (AML) rules. These rules help stop fraud and illegal activity. To follow the law, accountants must: A passport is…

Choosing the right accountant can make a big difference to your business or personal finances. But how do you know if your accountant is good? Here are a few simple signs to look for. 1. They Explain Things Clearly A good accountant will make things easy to understand. They won’t use confusing jargon or rush…