With Covid-19 restrictions slowly winding down, many more businesses find themselves starting work up again. This, of course, rings true for those who are self-employed, too. With big companies it can be easy to get back into the swing of things, with many different employees able to handle the niche necessities of their business. Being self-employed, however, means that you may miss out on certain aspects of your business when getting back into things.
What do you need after Covid?
Once you start operating as a self-employed, freelancer or contractor, you need to make sure everything is in order and that you are able to work to the best of your ability.
Insurance for self-employed business
Insurance for self-employed businesses is extremely important. With how long Covid restrictions have gone on, it’s very possible that the insurance you had for your business previously could have run out. Insurance is incredibly important for everyone operating any kind of business, whether it be public liability or even cyber insurance. As someone who is self-employed, it is especially important to remain conscious of what insurance you do and do not have.
What is a self-assessment tax return?
Many find themselves wondering; what is a self-assessment tax return? Well, a self-assessment tax return is one of many year-end accounts. This is extremely important as someone who is self-employed, as not all of your income can be tracked by HMRC. If you’re having difficulty completing your self-assessment tax return, bookkeeping and payroll services can also help to simplify this for you. This could also help to simplify other aspects of your year-end accounts also.
Liaising with HMRC
For some who are self-employed, it can be quite difficult to keep in contact with HMRC. There are sometimes a variety of things you need keep in contact with them about. Contacting HMRC can be an awkward process, but is necessary to ensure you’re entirely compliant with them. This includes things like compliance obligations and enquiries.
How we can help
Here at Carrington Blake Accountancy, we take care of the parts of your business that could hinder your work. You may find yourself spending a little too much time on accountancy related issues when getting your business started up again. We have a team of expert accountants ready to cover all of these issues for you. This gives you the maximum amount of time to focus on the important aspects of your business. You can leave your year-end accounts, the matter of contacting HMRC and your bookkeeping and payroll services to us.
Get in contact with us now and email us at email@example.com to get a quote on how much your accountancy could cost.