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.


Company Accounts for Year Ending 31st March

If your year end is 31st March, the filing deadline for your company accounts is 31st December.

November Payroll and RTI

File your monthly RTI reports for November payroll by 5th December and pay HMRC by 19th December.

VAT for Quarter Ending 31st October

If your last VAT quarter ends on 31st October the filing deadline is 30th November and payment is due by 7th December.

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

Company Accounts

The B20 WessexPayroll 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.

Payroll Bureau

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.

Self Assessment Tax Returns

We can help you prepare your management accounts on a regular basis so that you can keep track of your business.

Management Accounts