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A guide to controlling costs in business

Managing your business costs can be a bit of a juggling act. Read this guide for tips to help you stay on top of your costs and keep spending down.

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What is Self Assessment?

Self Assessment is the system used by people who are self employed, or who have income to declare outside of their main work.

You must register with HMRC for Self Assessment, then complete a tax return each year by the 31 January online deadline, or 31 October if posting the tax return. The tax return details all your outgoings, know as expenses, and your income, know as earnigs. You must pay any tax due (and payment on account for next year) by 31 January, too.