5 Top VAT Tips For The Self-Employed Business Owner

5 Top VAT Tips For The Self-Employed Business Owner

They say that tax doesn’t have to be complicated. We hear this time and time again when the end of the tax year comes around – but the truth of the matter is, especially for small businesses and start-ups that may have never had to deal with financial matters on...
Guide to Self-Assessment

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...
Quick Guide to 2017 Autumn Budget

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...
Paper Self-Assessment Tax Return Deadline

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...
How HMRC are Fighting Tax Fraudsters

How HMRC are Fighting Tax Fraudsters

HMRC have many methods to fight tax fraudsters and will not be backing down anytime soon. Many of these methods are traditional and have been used in the past. However, many of the newer methods are high tech and have made HMRC’s job of finding tax fraudsters easier....
Quick Guide – Changes to ISA’s for 2017-2018

Quick Guide – Changes to ISA’s for 2017-2018

Allowances on all ISA’s (Individual Savings Account) has increased from £15,2490 to £20,000 from April 2017. This is very good news for savers especially if you decide to invest your money at the beginning or as close to the start of the new tax year. Both types of...