Well you probably wouldn’t know whether you are paying too much tax or not. Self-assessment is what it says. HMRC do not as a matter of course check what has been filed with them. Just because HMRC haven’t investigated doesn’t mean what’s been submitted is correct. It could be that you are paying too much or too little tax, you wouldn’t know. It may be years later when HMRC do a routine check that you may find things haven’t been done properly and you are looking at fines & penalties […]
What an accountant can do for your business If you run a small business or you’re self-employed, having an accountant can bring advantages. Having an accountant frees up your time so you can focus on your business. An accountant can handle key functions such as bookkeeping, and filing your company and HMRC returns on time. As your business grows, your accountant’s input will become more significant, covering essential areas like: financial reporting compliance payroll tax efficiency business planning An accountant can also save you money in many areas by increasing tax […]