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Payments on Account for the Self-Employed/in Financial Advice/by Editor
When you’re employed, your income tax and National Insurance Contributions (NICs) are deducted at source through the PAYE (Pay As You Earn) system so that you receive a salary net […]
National Insurance Rates for the Self Employed Explained/in Financial Advice/by Editor
National Insurance was introduced in 1911 and greatly expanded after the Second World War to provide insurance against illness and unemployment. Since then it has widened to encompass benefits more […]
How Voluntarily Registering for VAT Can Help Your Business/in Business, Financial Advice/by Editor
You might already know that you are legally required to register for VAT once your business turnover exceeds £85,000 but did you know that you can do it voluntarily before […]
How HMRC Calculates Your Tax Penalty/in Financial Advice/by Editor
Calculating your tax bill can be a complicated affair – that’s why you turn to your friendly accountant with all of their expertise – but what if there is also […]
5 Signs a Sole Trader Needs Help From an Accountant/in Business, Financial Advice, News/by Editor
If you’re running a small business as a sole trader, then you may be opting to complete your tax return and even VAT returns yourself – and this is perfectly […]