Self Employed is the simplest way to start a business; it doesn’t involve any registration fees. The only drawback is that you are personally liable for any debts that your business runs up, these make risky options for businesses that require a lot of investment. If you are self-employed you would need to complete a Self Assessment tax return. We can complete and file your return online or fill in a paper form. You would probably need to pay any Income Tax you owe for a tax year in two installments i.e. January and July plus a final ‘balancing payment’.
At Fylde Coast Accountancy we try make things transparent for our clients by providing maximum information. If you are looking for Accountants for Self Employed, please feel free to contact us on 01253 728296.