reducing your payments on account

Under the self-assessment system, a taxpayer is required to make payments on account – advance payments towards the eventual tax and National Insurance liability – where the previous year’s self-assessment bill was £1,000 or more, unless more than 80% of the tax liability is deducted at source, for example, under...

making tax digital – how it could affect your business

You might have heard adverts on the radio… Maybe you’ve seen stories in the news... Or maybe you’ve heard another business owner talking about it. Of course, it’s possible you haven’t heard anything about HMRC’s Making Tax Digital initiative. Like many people, you might simply be too busy dealing with all the other issues...