Understanding tax return errors and potential penalties
Understanding tax return errors and potential penalties Written by India Johnson Sometimes people make mistakes on their tax return, which can end up in them paying less (or more) [...]
How to file your Self Assessment and pay your tax bill
How to file your Self Assessment and pay your tax bill Written by India Johnson If you’re newly self-employed, sooner or later it’ll be time to get your [...]
Self-employed deferred tax: What you need to know for January
Self-employed deferred tax: What you need to know for January Written by India Johnson Earlier this year, the Government introduced an optional tax deferral scheme that let self-employed [...]
I’m employed and have a side job – what tax do I owe?
I’m employed and have a side job – what tax do I owe? Written by India Johnson Like the Bermuda Triangle, or Stonehenge, the world of tax in [...]
Understanding Phase 3 of the SEISS grant
"UK parliament" by Alan Cleaver is licensed under CC BY 2.0 Understanding Phase 3 of the SEISS grant Written by India Johnson (Updated on 11th November following Government changes) It’s recently [...]
7 reasons you SHOULD submit your taxes early
"Tax Return" by 401(K) 2013 is licensed under CC BY-SA 2.0 7 reasons you SHOULD submit your taxes earlyTo file early, or leave everything to the last minute – that is the [...]
What does SEISS mean for your tax return
Photo by Richard R. Schünemann on Unsplash What does SEISS mean for your tax return? If you’ve received a grant as part of the government’s Self-Employed Income [...]
Phase 2 of the Self-Employment Income Support Scheme
"UK parliament" by Alan Cleaver is licensed under CC BY 2.0 If you’re a sole trader and have been adversely affected by the Coronavirus outbreak, you could be eligible to receive financial [...]
Re-filing your Self Assessment
Did you know that you can resubmit your previous year’s tax return if you want to make changes? From the HMRC website: “You can make a [...]
“I’m complicated” – How to deal with multiple jobs
If you have freelance income from more than one profession or vocation (HMRC calls this a 'trade'), then you must fill in separate SA103 (s or f) forms [...]