Self employed accounts are due.
It's that time of year again which all self employed and sole traders hate and accountants rejoice. Yes, it's the end of tax year and our accounts are due.
For the past week I have been sorting through all my paperwork and printing off invoices and wondering how long I have before my accountant phones to hurry me on. The one thing I have learnt is there no point putting if off, we all accept we have to pay our tax. If you decide not to submit accounts you will be fined and if you can not afford to pay your tax bill you could be taken to court and made bankrupt.
However, for many sole traders and self employed people, their latest tax bill can be the beginning of the end for their business. Due to no fault of their own many small businesses are currently struggling. Many of these are sole traders and self employed who have used debt to try and keep their company going. Then the repayments to the credit cards, plus the costs of vehicles and premises can be to much. The good news is that if you find yourself in this position. you are not alone. We can help you find a solution.
We offer specialised advice to sole traders and self employed people. We can help you find a solutions to your debt which allows you to continue trading without the worry of your debt. If you find you are unable to pay your tax bill, phone us for advice today before it's to late.