Tax and NI

18. Next Steps

Having read this far, you will have a basic grasp of how tax works. You should now:

18.1 Discuss your specific situation and business with a tax specialist.

• Check that the specialist is properly qualified - either a member of the Chartered Institute of Taxation or the Association of Taxation Technicians (020 7235 2544).

18.2 Make sure your accounting system shows how much tax is payable each month.

18.3 Make realistic provisions for future tax bills.

• Plan cashflow so that when a tax demand arrives, you have the cash to pay it.