# CFA Tax > Aware Winning Accountant in Selby ## Posts - [The Self-Employed Tax Trap: Why Business Owners Get Caught Out (and How to Fix It)](https://www.cfatax.co.uk/self-employed-tax-trap/): The Self-Employed Tax Trap: Why Business Owners Get Caught Out (and How to Fix It) You made the sale. The money is in your bank. So why doesn’t it feel like it’s yours? There’s something nobody really teaches you when you become self-employed: the money coming into your business isn’t all yours. It sounds obvious, but it’s one of the biggest mindset shifts a new business owner has to make and failing to make it catches people out time and time again. Employee vs. Self-Employed: The Tax Mindset Shift When you’re employed, tax is easy. Perhaps “easy” isn’t the word you’d […] - [When Did You Become the Bottleneck in Your Business?](https://www.cfatax.co.uk/business-owner-bottleneck/): When Did You Become the Bottleneck in Your Business? Your business is growing. So why does it feel like you’re working more than ever? At first, growth is exciting more customers, more work, and more revenue. But somewhere along the way, you realize you’ve created a job you can never switch off from. You answer every customer query, approve every invoice, and solve every problem. If someone asks, “Can you just…?”, somehow the answer is always you. Stop Being the Bottleneck in Your Business This is one of the biggest problems we see with an overwhelmed business owner. You have become […] - ["If I Make More Money, I'll Pay More Tax… So What's the Point?"](https://www.cfatax.co.uk/if-i-make-more-money-ill-pay-more-tax-so-whats-the-point/): The mindset that’s holding more businesses back than HMRC ever will. It’s something I hear surprisingly often. “There’s no point growing because I’ll just pay more tax.”Or…“If I have to register for VAT, my prices will have to go up and I’ll lose all my customers.” Can I let you in on a secret? The tax isn’t what’s holding your business back. Your mindset is. Let’s use VAT as an example. You’ve done well. Your business has grown, and you’ve reached the VAT threshold. Instead of celebrating, you panic. “I need to put my prices up by 20%. My customers won’t […] - [How Can They Afford That? The truth behind the flashy cars, dream homes and social media success](https://www.cfatax.co.uk/how-can-they-afford-that/): It’s a question I’ve heard countless times from business owners “How can they afford that car?”“How have they bought a house like that?”“They must be doing something clever with tax.” Maybe.But probably not. The truth is, you very rarely know someone else’s financial story.That dream home may have been inherited. It could have been bought years ago when prices were much lower. It might even belong to their partner. That brand-new prestige car? It might not be owned at all. It could be leased, hired, or paid for through a finance agreement that costs more each month than some people’s mortgage. […] - [Why Can't I Take the Money? Understanding Dividends and Directors' Loan Accounts](https://www.cfatax.co.uk/why-cant-i-take-the-money-understanding-dividends-and-directors-loan-accounts/): One of the most common questions we hear from business owners is: “How can my Director’s Loan Account be overdrawn when there’s plenty of money in my business bank account?” It’s a fair question, and one that often causes confusion. The key thing to remember is that the money in your business bank account isn’t automatically yours to take. Before a limited company can pay dividends to its shareholders, it must have enough distributable profits, also known as reserves. These are the profits left after taking into account all of the company’s costs, including Corporation Tax and any other liabilities, even […] - [Making Tax Digital for ITSA: The Biggest Change to Self-Assessment in a Generation](https://www.cfatax.co.uk/making-tax-digital-for-itsa-the-biggest-change-to-self-assessment-in-a-generation/): Thousands of self-employed people are approaching a significant milestone this summer as Making Tax Digital (MTD) for Income Tax reaches its first quarterly filing deadline. If your turnover (your sales before expenses) exceeded £50,000 on your 2024/25 Self Assessment tax return (covering 6 April 2024 to 5 April 2025), you are now part of the first wave of taxpayers required to comply with the new rules. Your first quarterly update, covering the period ending 30 June 2026, must be submitted by 7 August 2026. While many businesses are already familiar with quarterly VAT returns, this is an entirely separate reporting requirement […] - [Your HMRC Gateway Account: The Most Underused Tool for Business Owners](https://www.cfatax.co.uk/your-hmrc-gateway-account-the-most-underused-tool-for-business-owners/): For many business owners, dealing with HMRC can feel overwhelming. Yet one of the simplest ways to stay on top of your tax affairs is by setting up and regularly using your HMRC Business Tax Account and your HMRC Personal Tax Account. Whether you’re paying PAYE, submitting VAT returns, checking Corporation Tax details or managing Self Assessment, much of it can be accessed through one central gateway account. Your HMRC Business Tax Account acts as a central hub for your business taxes. Once set up, you can add various taxes to your account, including: PAYE, VAT, Corporation Tax and Self Assessment […] - [Why Understanding ROI Could Save Your Business Thousands](https://www.cfatax.co.uk/why-understanding-roi-could-save-your-business-thousands/): With rising costs, tighter cashflow and increasing pressure on small businesses, many business owners are looking for ways to save money. The natural reaction is often to cut spending wherever possible but this can sometimes create bigger problems later. One of the most important things a business owner can understand is Return on Investment, commonly known as ROI. Put simply, ROI means understanding what you are getting back from the money you are spending. Too many businesses spend emotionally rather than strategically. They sign up for software because everyone else uses it, pay for subscriptions they barely touch, or try to […] - [Exciting News – We’re moving!](https://www.cfatax.co.uk/exciting-news-were-moving/): We are absolutely thrilled to share some exciting news with all our fantastic clients and partners – our journey of growth and expansion has reached a new milestone! Today, we stand proud to announce the opening of our brand new premises at the prestigious Selby Times and Business Centre in Selby. As we continue to evolve and adapt to the needs of our clients, this strategic move allows us to introduce an exclusive and innovative service that we believe will greatly benefit your businesses! Drumroll, please! Introducing Our Registered Address Service for Businesses! We understand that every business is unique, and […] ## Pages - [New Services Page](https://www.cfatax.co.uk/new-services-page/): This content is password-protected. To view it, please enter the password below. Password: - [Contact us today](https://www.cfatax.co.uk/contact/): Contact Us Accountancy With Personality Send us a message Looking for help with your tax return or payroll? Or maybe you’re interested in full accounting services. Whatever you need, we’re here to help you get on with business. 01757 601074 Speak to Us on WhatsApp cassie@cfatax.co.uk Room 4, Selby Times & Business Centre 11 The Crescent, Selby, YO8 4PD Tell us your details and we’ll get right back to you. Please enable JavaScript in your browser to complete this form.Name *FirstLastEmail *Single Line TextComment or Message * Send By completing this contact form, you give consent for CFA Tax to process […] - [Award Winning Accountants in Selby](https://www.cfatax.co.uk/): Your Complete Accountancy Solution. Accountants in Selby offering dedicated and highly knowledgeable services Services Book a Chat Today! Tax Services Tax returns can be time consuming and often often confusing for those with a busy schedule. And judging by the many taxpayers who are penalised by HMRC each year it can be very costly too. Personal Tax Returns Partnership Tax Returns Corporate Tax Returns Training Support Services Qdos Contract Review VAT Services If you are a VAT -registered business you must report to HRMC the amount of VAT you have charged and the amount of VAT you have paid. This is […] - [Accountancy Services in Selby](https://www.cfatax.co.uk/services/): Our Services Accountancy With Personality TAX SERVICES Personal Tax Returns Partnership Tax Returns Corporate Tax Returns Training Support Services IR35 Contract Review Personal Tax Returns However simple or complex your tax return may be, we can complete and submit your return.   We always look for ways to reduce the tax you pay and advise you of your tax position in good time in order to support your growing business. Contact Us Partnership Tax Returns We can complete and submit these on your behalf if instructed. Contact Us Corporate Tax Returns We can calculated and file the corporation tax fro your […] - [About Our Accountancy Services](https://www.cfatax.co.uk/about/): About Us Accountancy With Personality Cassie Fennell Let’s be honest… most people don’t wake up excited about their accountant. That’s where I’m different.  I’m a qualified tax advisor and licensed accountant, yes but more importantly, I bring energy, clarity, and a genuine passion for helping businesses actually grow, not just stay compliant. Of course, I’ve got the essentials covered. Self-assessments, tax returns, company accounts, corporation tax, HMRC and Companies House all handled properly, efficiently, and without the usual headache. I’ll also take care of the day-to-day bits like VAT, payroll, and bookkeeping so everything runs smoothly behind the scenes. But that’s just […] - [Privacy Policy](https://www.cfatax.co.uk/privacy/): Introduction This Privacy Policy outlines CFA Tax (” we “, ” our ” or ” the Company “) practices with respect to information collected from users who access our website at cfatax.co.uk (” Site “), or otherwise share personal information with us (collectively: ” Users “).  Grounds for data collection  Processing of your personal information (meaning, any information which may potentially allow your identification with reasonable means; hereinafter ” Personal Information “) is necessary for the performance of our contractual obligations towards you and providing you with our services, to protect our legitimate interests and for compliance with legal and financial regulatory […] ## Optional - [Agent (MCP protocol)](websites-agents.hostinger.com/www.cfatax.co.uk/mcp) [comment]: # (Generated by Hostinger Tools Plugin)