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Each year, thousands of self-employed people fail to file their tax returns with HM Revenue & Customs (HMRC) on time. Follow these six practical steps to avoid filing a late return and suffering penalties as a consequence.
If you're just starting up in business, you may not have realised how important it is to stay on top of your record keeping. Although other elements of your business may seem more pressing, it is, however, essential to set aside enough time each week to ensure that your books are in order. Keep putting it off and you'll quickly find that your accounts become unmanageable.