Using Cash Basis for Tax Returns
Understand the cash basis for tax returns, the rules around who can and can’t use this tax scheme and the advantages the cash basis can bring.
DIY-ing your self-assessment tax return? Here you’ll find easy-to-follow guides to help get you through the process of filling in your return so you can press the submit button with confidence. From finding the paperwork you need to declaring different types of income and choosing the right sections to fill in, you’ll find everything you need all in one place.
Friendly Disclaimer: Whilst I am an accountant, I’m not your accountant. The information in these guides are legally correct but are for guidance and information purposes only. Everyone’s situation is different and unique so you’ll need to use your own best judgement when applying the advice that I give to your situation. If you are unsure or have a question be sure to contact a qualified professional. I cannot accept responsibility for any losses or penalties you may incur while following the contents.
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Understand the cash basis for tax returns, the rules around who can and can’t use this tax scheme and the advantages the cash basis can bring.
Familarise yourself with the most common Self Assessment tax return mistakes & how to avoid them to ensure you file a tax return correctly.
A list of common documents and information you may need to complete your self-assessment tax return.
Find out how you can arrange for more time to pay your self assessment tax bill with HMRC by setting up a payment plan.
Find out how to register for self assessment, check whether you need to apply and what happens once you are registered with HMRC.
Find out how self assessment works if you earn over £100k, if you need to register and tax tips to help you pay less tax on your £100k+ income
Find out whether you can do a paper tax return, when it is due for filing and where you can find a copy to send to HMRC.
Find out how to show your SEISS grant correctly on your tax return and what you need to include in business turnover.
Wondering whether you should get an accountant to do your tax return? Understand the legal requirements as well as the pros & cons of engaging a professional.
Find out if you need to do a tax return if you earn under £10000 or below the personal allowance and have no tax to pay.