fbpx

Finmo estimates that on average, freelancers overpay their taxes by £400. Don’t make the same mistakes on next year’s taxes.

Offering a free review of last year’s Self Assessment

Get Started

Finmo Members are among the most impacted groups during this unprecedented time in our history. At Finmo, we help Self Employed and those with side income track and file their taxes. Throughout the Finmo process, we especially add value by providing guidance as it pertains to HMRC’s rules.

It is with this guidance in mind that I am opening up Finmo’s Review product to anyone who needs it. This means we can maximise the financial impact for those who are in a tight spot right now.

We hope this crisis is on the shorter rather than longer end and I look forward to getting through it together.

J.D. Rainey
CEO, Finmo

You may have paid too much

Below are some common errors we find when reviewing our Member’s previously submitted Self Assessments.

You miscategorised expenses

You may have miscategorised some expenses into categories that are not actually considered claimable. Correct expense categorisation makes a difference.

You used simplified expenses

Simplified expenses are simple. But, sometimes, simple isn’t the best. Often times freelancers take the easier and faster way which could cause them to pay more than they would have otherwise.

You forgot to include your PAYE income

Sometimes your PAYE takes out too much tax. When you file your Self Assessment, you need to include information from your P45 or P60 and you may be owed money from that job(s).

You were too conservative

There are many expenses you can claim partially or wholly for your business – there are specific rules for different types of expenses and those rules sometimes depend on what you do for a living.

Self Assessmet Review 

Free

Initial consultation

Self Assessment Review

Accountant tax consultation

Sign up for your 15 minute initial call

How it works

1

Speak to one of our experts

Speak to one of our experts about your tax circumstances to determine whether a full Tax Review is right for you.

2

Upload last year’s self assessment

Upload your previous Self Assessment(s) for a Finmo Accountant to review.

3

Schedule a call to discuss our findings

Discuss any findings and receive tips on how to improve your submission for next year.