Chapter 28
Tax
You have a choice when sorting out tax on your business: enlist a professional or do it yourself. If you operate as a company, it makes sense to use an accountant or a book-keeper. If you are a sole trader or partner, it can be helpful to use a professional to present your accounts and tax calculations but, provided your business is fairly simple and you have the time, you should be able to do this yourself, and the self-assessment tax system is designed to be workable by non-experts. However, you may still wish to use a professional so that you can devote more of your time to activities you might consider more important, such as getting sales, or developing your product.
If you use a professional to help you prepare your accounts ...
Get FT Guide to Business Start Up 2021-2023, 32nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
