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Self Assessment Tax Return

Self assessment tips, advice and guides

Beginners Guide to HMRC Payments on Account

Let's talk about HMRC Payments On Account as we fast approach the self assessment tax return filing deadline of 31 January.

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...