This course will give you an understanding of the tax regimes for sole traders, partnerships, and small limited companies. The course aims to enable individuals to complete their own tax return if they so wish.
Even if you decide to use an accountant, it will give you the benefit of knowing how it should be done and whether you are getting value for money.
Remember, even if you use an accountant, you are personally responsible for any errors and penalties arising from your tax return.
Topics covered include:
- how HM Revenue and Customs operate in the area of enforcement
- how to calculate your tax liability
- how to complete a self-assessment tax return
- how to calculate National Insurance contributions