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Self Assessment Tax Return

Self assessment tips, advice and guides

Reasonable Excuses for Missing the Tax Return Deadline

If you didn’t manage to get your self assessment tax return in by the 31 January deadline, you’ll face penalties and interest.

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.

How to Calculate Your Business Turnover for Your Self-Assessment Tax Return

It's crucial to calculate your business turnover correctly for your self assessment tax return. Show too much and you'll pay too much tax.  Show too little and you could face penalties.

What Expenses Can You Claim As Self Employed on Your Self...

One of the perks of being self employed is that you get to claim expenses against your income.  Claim correctly and you'll reduce the...

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...

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...

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...