What is Self Assessment and when should you go Limited?

What is it? Or rather: what is it other than a phrase that terrifies many, stresses out more, and bores or baffles everybody else?   It is mainly for the self-employed so whether on your own or in a partnership. It also affects directors of limited companies, some pensioners, subcontractors, people who have rental properties, and those people who are employed but fortunate enough to be paying high rate tax.   How do I even begin to approach Self-Assessment? If you are in business make sure you keep accurate and up-to-date business records, an accountant can help you in this
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