The First-Year Tax Trap for Sole Traders ⚠️💷📆 скачать в хорошем качестве

The First-Year Tax Trap for Sole Traders ⚠️💷📆

If you're in your first year of business as a sole trader, there's a hidden tax trap that could catch you out: payments on account. Most people know their tax is due by 31st January - but what they often don’t realise is that if your bill is over £1,000, HMRC expects you to pay half of next year’s tax as well. That means you pay your full tax bill plus an extra 50% - and another 50% in July 📈 It catches so many new businesses off guard. If you’re having a good first year, make sure you’re saving plenty to cover it - or you might face a nasty cash flow shock. A good accountant (hi!) can help you plan for it, so you’re not blindsided come tax time 💼💸 #SoleTraderTips #TaxPlanningUK #PaymentsOnAccount #FirstYearBusiness #SmallBusinessHelp #BrightonBusiness #SussexBusiness #2SistersAccounting