Includes:

• Preparing self-assessment for review and filing (even from a bag of receipts!)

The first question is, do I need to file a self-assessment? Some of the most common reasons the answer is yes:

• You are a company director
• You are self employed or a partner in a firm
• Yo have high investment income
• You let land or property
• You have overseas income
• You receive child benefit but have income in excess of £50,000.

Not only is this a laborious task (especially when you are not quite clear on what you are doing) but it can also be daunting. It requires time and patience and often an understanding of complex tax legislation. Many people expect to receive the required support and advice from HMRC but they are not tasked to advise on organising your affairs and minimise your tax. This leads to many paying too much tax, or worse, incurring a penalty.

Congratulations on taking the leap to becoming a business owner and putting faith in your abilities. This is where your journey starts! We believe the key to making it through your first year is to get the correct help and support in record keeping and setting up processes and procedures to aid you with useful and accurate financial information.

Cash flow management can be tough when you first start out, so we aim to provide the tools to help you manage your finances yourself until the time comes that you can outsource this function and concentrate on the day to day.

We are always only a phone call away and there to support and advise you whenever you need it. A good place to start is to contact us about our cloud-based services.