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Self Assessment Tax Return

Self assessment tips, advice and guides

Do You Really Need an Accountant If You’re Self Employed?

When it comes to the question of whether you really need an accountant if you’re self employed, it seems to me that there are...

What is HMRC Self Assessment

If you are self employed then understanding what is HMRC Self Assessment is critical. Failing to misunderstand it, meet its requirements and deadlines will result in automatic penalties and interest.

Hobby Business Tax Rules UK 2018

The Hobby Business Tax Rules have never been so important in the UK with millions of people trading on sites like eBay, Etsy or Amazon...

Marriage Tax Allowance 2017/2018

The HMRC Marriage Allowance is a tax perk that allows one partner in a marriage of civil partnership to transfer up to 10% of their unused personal allowance to another, meaning that person can benefit from some additional tax free earnings.

HMRC Overlap Relief

Overlap profits occur mainly when someone who is newly self employed chooses an accounting period that is not the same as the tax year....

HMRC Overlap Profits

When you are self employed you pay tax on your business profits according to the tax year (6th April to 5th April) you make...

What is an HMRC Basis Period

Definition of the HMRC Basis Period A basis period is a term used by HMRC referring to the time period on which someone who is...

6 Reasons to Submit a Tax Return, Even If You Don’t...

Taxes can be annoying - a pain to deal with and irritating to pay, especially when you read all the stories about the sneaky...

Do I Have to File a Tax Return Even If I...

Taxes can be time consuming and expensive to deal with. What can feel more frustrating is having to deal with filing a tax return...

HMRC £1,000 Annual Tax Free Allowance for Trading & Property Income

From 6 April 2017 HMRC have launched two new £1,000 tax free allowances to help make the tax system easier. They are perfect for people...

Freeagent UK Review 2018: Cloud Accounting Software 30 Days Free +...

The Simplest bookkeeping system designed just for freelancers and the self employed. Bank feeds, automation, snap receipts, time tracking, invoicing and much more. Find out more about Freeagent and how I use it in my business to automate my bookkeeping and tracking.