If you have recently started to receive income from the following: - Self employment - Directorship - Rental property - Other untaxed sources You will need to complete a self assessment tax return. Generally speaking your first tax return period ends on 5 April after you commence any of the above. The deadlines for submission… Continue reading When is your first tax return due?
Consider if your business structure is the most appropriate for you - as you get larger it may be more efficient to trade through a limited company rather than as a sole trader. Invest in equipment – the cost of the first £25k per year of equipment (excluding cars) is deductible in full as an… Continue reading Want to minimise the amount of tax you pay?