Tax Planning for Self-Employed Individuals

What tax planning for self-employed people covers

Tax planning is about turning your day-to-day numbers into a clear plan for tax, cash, and record keeping. Typical areas we look at include:

• A practical review of your income streams and business costs
• Making sure you claim allowable expenses correctly and consistently
• Identifying missing or weak record keeping that can cause issues later
• Profit and tax forecasting, so you know what to set aside
• Planning for Payments on Account and managing cashflow around due dates
• Checking whether simple changes (timing of invoices or purchases) could reduce surprises
• Flagging when it may be time to consider a different structure, if relevant

Who this service is for

This service is a good fit if you are a UK sole trader, freelancer or contractor and you:

• Do your own invoicing and business spending but want confidence it is being captured properly
• Have had an unexpected tax bill before, or struggle to know what to save
• Are earning more than you used to and want to stay compliant without overpaying
• Want plain-English guidance on what you can claim and what you should avoid

How the service works

We start by getting a clear view of your current position, then build a plan you can actually follow.

• Initial review of your records, income and expense categories
• Questions and checks to confirm what is business-related and what is not
• A tax estimate based on your expected profit and current-year activity
• A simple action list: what to change in your bookkeeping, what to track going forward, and how much to put aside

Timing depends on where you are in the tax year, but planning is most effective when done early and revisited as your numbers change.

What you get after the planning

You will leave with a clearer routine and fewer unknowns.

• A workable saving approach for tax and any upcoming Payments on Account
• Cleaner records that make Self Assessment smoother and reduce last-minute chasing
• A framework you can repeat each year, with updates as your business grows or changes.