How to budget for tax when your self employed

 Budgeting for your tax bill is probably the most important thing to do if your self employed. I’ve had a few clients that do not do this only to receive a visit from HMRC and interest charged on top. 

Before I tell you this, I want you to know I am overly cautious when budgeting for my tax and save way too much!!!

So without further ado... this is how I do it!!!

For everything I earn, I put 50% into a savings account until I know how much my tax bill is going to be and when your tax bill arrives you have so much money in that account you can easily pay your tax bill and even treat  yourself! 

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