The Finance Blog

Brain Trust 24

The Finance Blog

Category

Estimated Tax Payments

Understanding Payments on Account
Oliver May 9, 2025

Imagine this: you’ve just submitted your Self-Assessment and finally paid your tax bill. You breathe a sigh of relief—only to see another bill from HMRC demanding more money… for next year. If you’ve experienced this shock, you’re not alone. It’s called a Payment on Account, and for many self-employed individuals, it’s a confusing and frustrating Read More

Calculating Your Estimated Tax Payments
Henry Caldwell May 3, 2025

You’ve landed new clients, wrapped up a big project, and invoiced for your best month yet. Life as a freelancer or sole trader is finally looking up—until tax season rolls around and hits you with a figure that makes your stomach drop. Sound familiar? You’re not alone. One of the biggest challenges of self-employment is Read More

Setting Up a Tax Savings Plan
Eleanor Brooks April 28, 2025

You’ve had a great year—clients paid on time, projects wrapped successfully, and your freelance income is finally steady. But then January hits, and HMRC sends a tax bill that knocks the wind out of you. If this scenario sounds familiar, you’re not alone. Many self-employed professionals experience this annual panic. Not because they didn’t earn Read More

Avoiding Penalties for Late Payments
Henry Caldwell April 24, 2025

You’ve worked hard all year, juggled clients, managed invoices, and poured energy into growing your business. But in the flurry of deadlines and life admin, one important date slipped your mind: your tax payment deadline. A week later, you get a letter from HMRC, and just like that, you owe not only tax but also Read More