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Huge Tax Bill - Very Naive - Need help - Struggling to keep head above water

WobblyJelly20981 · 2024-09-04 11:02:10

Hello everyone, Please be kind because I know I'm terrible at finance and I don't know what to do. I just received my corporation tax bill and self assessment and I need to pay £14k by end of Jan 2025. This is just not doable in any shape or form. I'm self employed and last year I had a brilliant year! I had 7 clients and…

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MattMattMattUK Posts: 11,275 Forumite

4 September 2024 at 2:00PM

Grumpelstiltskin said:

Have you got an accountant?

I would hope so if you are a Ltd. company

Speak to them for advice.

I would say if you have not got an accountant and I suspect that as you are in this position you do not, you should seriously consider getting one asap.

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