Category Archives: Self Employed

Things affecting Self Employed people

HMRC Penalties

  If you miss the self assessment deadline, a late tax return penalty of £100 will be issued by an automated process at HMRC. If you still have not filed three months after the deadline, you will also start clocking up automatic £10 per day penalties – up to a maximum of £900. If you… Read More »

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Employers can save £2000 a year

A new bill is going through the parliamentary process which will save employers £2000 a year in Employers National Insurance contributions.  This represents a help to the smaller businesses and should work as an incentive for smaller businesses to take on staff without the initial burden of Employers National Insurance. In a letter from MP… Read More »

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Self Employed vs Limited Company

One of the most often asked questions is  ‘What business form should I use?’ Most people only consider how much money a Company can save them.  However there are many considerations to look at before making a decision. Advantages: Limited liability – as long as the company is run properly your personal finances are kept safe… Read More »

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