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 July

If your year end is 31st July, the filing deadline for your company accounts is 30th April.

VAT for Quarter Ending 31st March

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

April Payroll and RTI

File your monthly RTI reports for April payroll by 5th May and pay HMRC by 19th May.

VAT for Quarter Ending 28th February (or 29th for a leap year)

If your last VAT quarter ends on 28th February (or 29th for a leap year) the filing deadline is 31st March and payment is due by 7th April.

March Payroll and RTI

File your monthly RTI reports for March payroll by 5th April and pay HMRC by 19th April.

Corporation Tax for Year Ending 31st July

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

Making Tax Digital

Is your software MTD compliant?

P60s

Have you issued P60s to your employees?

Employment Allowance

Are you claiming the Employment Allowance? Filing deadline is the first pay run.

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