Self-Assessment Tax Return FAQs

With the 31st of January fast approaching so does the deadline to submit your 2018/19 Self-Assessment tax return. If this is your first tax return it can seem like an intimidating task, and at times the guides provided by HMRC can be confusing and full of tax jargon that can be hard to sift through, so here are several things you'll need to know in order to be ready to submit your tax return on time...

Important Tax Dates for 2019/20

In order to avoid any late filing penalties and charges from HMRC it is important to know the imortant deadlines for the upcoming tax year (2019/20) which will help you to prepare and send off the main forms in good time...

Important Self-Employed Tax Changes For 2019

The start of the new tax year is just around the corner and like with any new tax year there have been several changes that the self-employed will have to get to grips before the 2019/20 tax year begins on…

How To Appeal A HMRC Self-Assessment Penalty Notice

HMRC impose penalties for a number of self-assessment issues, including late filing and payment, and tax return errors. These penalties can signal the start of cash flow problems, as well as bringing businesses to the attention of HMRC. There may…

The Ultimate Guide To Capital Gains Tax

Capital Gains Tax (CGT) is tax that’s payable on any profit made after selling assets. It is declared and paid through your Self Assessment tax return. Assets that are subject to Capital Gains Tax if sold at a profit include:…

How To Claim Motoring Expenses

If you're self-employed and own a car you'll probably have some motoring expenses which can be used in your annual accounts in order to reduce your tax bill. Claiming your motor expenses can be a little trickier than most of…

The Ultimate Landlord Tax Guide

If you asre a landord, you'll need to pay income tax on the rent you receive from your properties. This guide explains how you calculate what you pay and how income tax is applied to rental income. How much tax…

5 Important Record Keeping Tips for Small Businesses

Most small business-owners are so eager to jump behind the wheel of their business and start doing things “my way” that they often overlook the process of record keeping...

Tax tips for digital content creators

In todays ever increasing digital world more and more people are creating content either as a hobby or as part of a new profession, this can range from writing a blog, creating their own YouTube channel or by live streaming…

How to register with Companies House guide

One of the most important steps when setting up your business is to register your new company (or partnership) with Companies House. This can seem like a daunting prospect however it is a relatively simple process providing you have the…