INTRODUCTION FOR THE SELF EMPLOYED

One of the concerns people have when setting up a business is the various taxes that will have to be paid and returns that will have to be made to the H M Revenue & Customs. Many people go from a situation of having paid tax by deduction under the PAYE system, to having to account for and pay their own tax annually. In addition they may have to account for VAT and/or PAYE on a regular basis.

In setting up a business you are likely to ask questions such as.

How do I register for tax?

What income do I pay tax on?

How do I deduct Tax from my employees?

I am a Builder, How do I pay my Subcontractors?

What about VAT, do I need to register?

What records do I need to keep?

How can we help you?

The aim of this site is to make the tax system easier to understand, answer many basic questions people ask in relation to tax when setting up a business and to introduce ourselves by stating we can help you with any aspect you require. Many questions are answered within this site but for further clarification on any point please do not hesitate to contact us.