Fusion Accountants Blogs

Guide to Self-Assessment

Self-employed and those who run their own business or have income from elsewhere must report the income that they made by sending a tax return also known as a Self-Assessment to HM Revenue and Customs (HMRC). The Tax Year Your self-assessment for this year must cover...

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Quick Guide to 2017 Autumn Budget

The 2017 Autumn Budget had several announcements that affect small businesses, freelancers and contractors. Some of these announcements highlight changes to be made. They are summarized in our Quick Guide that follows. Income Tax and Personal Allowance As from April...

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National Insurance Guide for Contractors

National Insurance(NI) is payable only on earnings for employed and self-employed above 16 years of age for both men and women. You can build up a State pension and a Jobseekers Allowance by contributing to a National Insurance. National Insurance Contribution (NIC)...

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Paper Self-Assessment Tax Return Deadline

HM Revenue and Customs (HMRC) deadline for 2016/2017 Paper Self-Assessment Tax Return is 31 October 2017. If you fail to meet this deadline then your Self-Assessment Tax Return will have to be submitted electronically as the deadline for Online Tax Returns is the 31...

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