Corporation & Self Employed Tax

Corporation, small business and self employed tax advice

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Explore our advice and guides on corporation, small business and self employed tax. From understanding your allowances as a director, P60 forms and allowances - we'll guide you through everything you need know.

We can also help with any of your small business accounting requirements and provide free accounting software that keeps you up to date with your tax requirements.

Accounting Advice
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Self-employed and freelancers Tax Requirements:

Key things you need to do

1. Understand the types of taxes you may need to pay as a sole trader:

  • Income tax
  • National Insurance contributions
  • VAT (if your VAT taxable turnover exceeds the current threshold of £85,000 within a 12-month period)
  • Other taxes you need to know about:

2. Know your tax return and payment deadlines

3. Make sure you’re keeping proper records

4. Complete the SA100 form. Depending on the type of income your business generates, you may be required to fill in other forms. Refer to the full list of supplementary pages here.

5. Complete your VAT return if applicable.

Resources:

Key things you can claim for:

We’ve outlined a list of key expenses you can claim for below. For further details, check out our guide to self-employed expenses.

  • Accountancy fees
  • Bank charges
  • Travel and communications
  • Business premises
  • Equipment
  • Marketing and advertising
  • Subscriptions
  • Work-related training
  • Business insurance

Limited company tax requirements

Key things you need to do:

1. Understand the types of business taxes you may have to pay:

  • Corporation tax
  • Employer’s National Insurance
  • VAT (if your VAT taxable turnover exceeds the current threshold of £85,000 within a 12-month period)

2. Understand the types of personal taxes you may have to pay:

  • Personal income tax
  • National Insurance contributions
  • Dividend tax

3. Understand other taxes you mayneed to know about:

4. Know your tax return and payment deadlines

5. Make sure you’re keeping company and accounting records

6. Meet your company filing requirements:

7. Meet your personal filing requirements:

Key things you can claim for:

We’ve outlined a list of key expenses you can claim for below. For further details, check out our guide to limited company expenses.

  • Advertising and marketing
  • Business insurance
  • Business mileage
  • Business travel expenses
  • Financial and legal expenses
  • General office expenses
  • Salaries
  • Use of home as office

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