Self Employed

As a sole trader you are personally responsible for your business activities. You may take all the profits made by the business, but you are also responsible for all its debts and liabilities.

You are taxed on your total personal income, derived from your business Accounts and any other source disclosed on your personal tax return. As soon as you become self-employed, you need to complete and submit within three months Inland Revenue form CWF1 to avoid incurring a penalty.

B20 Wessex can prepare your tax return for you and submit this long before the 31 January deadline.

Announcements

Company Accounts for Year Ending 31st October

If your year end is 31st October, the filing deadline for your company accounts is 31st July.

VAT for Quarter Ending 30th June

If your last VAT quarter ends on 30th June the filing deadline is 31st July and payment is due by 7th August.

Corporation Tax for Year Ending 31st October

If your year end is 31st October the deadline for payment of corporation tax is 1st August.

July Payroll and RTI

File your monthly RTI reports for July payroll by 5th August and pay HMRC by 19th August.

VAT for Quarter Ending 31st May

If your last VAT quarter ends on 31st May the filing deadline is 30th June and payment is due by 7th July.

Payment on Account for Self Assessment

The second payment on account is due to HMRC by 31st Jul. Can you claim to reduce it?

Company Accounts

At B20 Wessex we are Chartered Certified Accountants with years of experience in advising businesses on how to maximise their company tax savings.

Payroll Bureau

The B20 Wessex Payroll Bureau offers a comprehensive range of services for your business at competitive rates. We offer our customers a comprehensive payroll service, supporting your business at the fraction of the cost of a full time member of staff.

Self Assessment Tax Returns

If you are in business as a sole trader you are personally responsible for your business activities. Talk to us for more information about sole trader responsibilities and advice on becoming a sole trader.

Management Accounts

As a chartered, certified accountant we are well qualified to help you prepare your management accounts on a regular basis, so that you can keep track of your business.

Partners