Being self employed is great.The freedom is a real breath of fresh air after corporate life.However,managing the financial side isn’t so much fun.For most people doing their own taxes is a new experience.And not a good one.Keeping records and keeping track of all income and expenditure is difficult and then how to calculate how much to put aside for the HMRC? 

Smart business people and freelancers don’t take chances with their finances. When it comes to paying the HMRC they know just how much they owe and have put the money aside. Because they are sensible and use a tax calculator to keep track of their liabilities.

Using an income tax calculator removes all the guesswork from the process. This means people can track their tax liabilities throughout the year and ensure they have enough funds set aside for when the time comes to pay the HMRC. There’s nothing worse than coming up short and having to go to the bank for a loan.

Of course using a tax calculator is useful, but it can’t replace the services of a good accountant. An income tax calculator can help keep track, but it can’t provide advice on what can legitimately be shielded from the tax man. No one wants to over pay and give the government more than its due.

So keep on top of things with a calculator, but ensure an accountant checks the books to ensure all allowances have been claimed in order to keep the tax bill as low as possible. Sagen Accounting can help any individual or business with this process. They are experts in business taxation and provide great value services to their customers. Maybe it’s time to get them to look the books over. It’s amazing what a difference a good accountant can make.