From the flexibilty to choose your own working hours, to the freedom and independence to try out new ideas. Whatever the reason you became a Sole Trader or Self Employed person, having to comply with accounting and tax requirements should not stand in the way of achieving your goals.
We're certain that you didn't become a Sole Trader or Self Employed person so that you could compile business accounts or submit tax returns to HMRC. Unfortunately, this time consuming, potentially complicated, and let's be honest, quite boring set of tasks is a legal requirement in the UK, so there is no escaping this tedius aspect of working for yourself. Or is there?
A good accountant can relieve you of this unnecessary burden. While it does cost money to employ the services of an accountant, Sean Stephens & Co believe that this money should not just be another expense you have to pay out for.
The money you pay an accountant should work for you as an investment. It should not only save you the time you would have to spend compiling your accounts and tax returns yourself, but it should also protect you from paying too much tax. At Sean Stephens & Co, we'll even get you a good percentage of your accountancy fee refunded to you by means of an additional tax deduction.
This where Sean Stephens & Co really come into our own. We don't just take your documentation from you and fill out the forms and produce the necessary accounts. In addition to this, we take the time to get to know our clients and their business goals. It is by doing this that we gain an understanding of what you are trying to achieve, and by extension we are able to formulate a personalised tax strategy that will enable us to take proactive steps to minimalise your tax bill.
If you would like to know more, please feel free to contact us at your convenience.
31 October:
Deadline for submission of paper returns.
31 January:
Deadline for returns submitted online.
31 January:
Payment required for one or both of the following:
31 July:
Deadline for making any further payments on account. For example on 31 July 2014, you'd make your second payment on account for the 2013-14 tax year.