Want to Pay Your Tax Bill Early?
For those of you who are self-employed, a sole trader or in a partnership, you can buy a tax certificate to pay tax early. You get interest on the advance payment, though at a lower rate than the usual personal savings rates.
For further information please click here.
If you are a limited company and want to pay your Corporation Tax bill before it is due (9 months and 1 day after your year end) then you could receive an interest rate of 4.75% on all company tax paid before the due date. If you estimate your tax bill and over estimate so that you pay too much, you will also receive interest on any overpayment at 4% from the due date to the date you receive the refund.
What expenses can I claim as a Ltd Company?
Limited Company expenses The rules for deciding what business expenses can be deducted from your profit for tax purposes can be quite complex. The importance of claiming all your allowable business expense deductions cannot be overstated. When a limited company claims allowable expenses, they will reduce their profit which in…
Pros and cons of a Sole Trader vs a Limited Company
Are you thinking of setting up your own business? For many would be entrepreneurs the idea of starting a business can be a life changing experience. There are many important issues to bear in mind when you consider how to start a business. Before embarking on starting a new business…
Win a year of Accountancy and Insurance
We’ve teamed up with our partners Create Insurance to offer people in the creative industry the chance to win a year’s worth of insurance and Accountancy services. 2020 was a tough year for freelancers in the creative space, so we’re hoping we can get 2021 off to a better start…