Keep it simple.
Submit all your tax returns in good time, pay the right amount of tax and don’t put the tax cart in front of the business horse!
The common taxes for owner-managed business are:
Being organised is the key to tax.
Good bookkeeping in your business should take care of VAT, payroll taxes and corporation tax and organised record keeping in your personal financial affairs will make your own tax return much easier to produce. Download our Bookkeeping EBook here.
Having a separate tax bank account to save into is also sensible so you have the money to pay your taxes when the time comes.