Self – Employed Tax and National Insurance

Phil Owen & Co accountants Liverpool know that when you’re self-employed you have so much to think about that sometimes things can get forgotten.

Understanding Self – Employed Tax and National Insurance

TAX & NIWe understand that when self-employed you’re responsible for some many things that you wouldn’t usually be if you worked for a company – you have to deal with paying your own tax and national insurance contributions, that is why our Liverpool accountancy services are perfect for you.

You will need to keep business records at all times so that our Liverpool accountants can help you, details of all of your income would also be appreciated so that you are able to fill in an annual self-assessment tax return and register for VAT (if needed).

We know that this all sounds so much, but that is why our accountancy services Liverpool are here to remove the stress and worry.

It is very important that you let the HMRC know you are self-employed and you can do this by registering yourself. It is vital you do this quickly no matter if you already fill in your tax return year by year. Not telling them may result in penalties. You can avoid penalties by registering online for business taxes for which you will need information about yourself and business and HMRC will then be able to set up tax records with the information you provide.

Liverpool Accountancy Services for Self – Employed Tax and National Insurance

Liverpool accountancy services that we provide at Phil Owen & Co are second to none and we can help you every step of the way. With our accountancy services Liverpool why not let us do the majority of the hard-work so you can focus on keeping your business thriving.

Once again, if this all sounds too daunting there is no need to worry or stress because our Liverpool accountants can help you every step of the way, year after year because we are dedicated to making sure you get everything right.

Self-employment means taking a lot of things into consideration. VAT thresholds and keeping business records for everything are another two things that you will encounter. It is important legally that you get this right. Liverpool accountants at Phil Owen & Co can guide you through all of the legal jargon that usually get people into trouble so that you can get everything correct first time round. Call us now to get started.

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