With taxes being the bloodline of many governments, it’s only justifiable to levy penalties and fines to entities who aren’t paying their taxes correctly or on time or both. In the UK, it’s the HMRC of Her Majesty’s Revenue and Customs that collects taxes from anyone who is a resident or is domiciled in the jurisdiction. Only those who make less than £12,570 are considered tax-exempt. But if you’re a business owner who earns more than that, you’d need help from professional…