JSP Easy Accounts

5 Top Tax Tips:
	Ensure that when you first start in business you register with HMRC within 3 months, otherwise you will automatically incur a fine of £100.
	Ensure that your tax return is submitted to HMRC before the deadline of 31st January. Failure to do so will incur a fine of £100 plus interest on any tax due.
	Make use of Individual Savings Accounts (ISA’s) for tax free savings.
	Paying additional payments into your pension before 5th April could reduce the tax payment to be made on 31st January.
	Always keep money aside for any possible tax due as HMRC will charge interest on late payments.