by Hannah Adams | Jul 12, 2018 | Making tax digital, Self Assessment, Small business, Sole Trader, Tax, tax returns
Life as a small business has many perks, but doing your own taxes sure isn’t one of them. Indeed, a recent report commissioned by the Government named tax one of the top challenges faced by small businesses in the UK. And it isn’t hard to understand why. Getting all...
by Hannah Adams | Jul 3, 2018 | Self Assessment, Small business, Tax, tax returns
How much does an accountant cost? The short answer is ‘this depends’– which probably isn’t the answer you wanted. Each business and individual is different. Therefore putting an exact figure on the cost can be tricky. So how much does an accountant cost? Accountants...
by Hannah Adams | Jun 25, 2018 | Self Assessment, Small business, Tax, tax deductible, tax returns, VAT
Entertaining – Does this reduce my tax bill? How often do you hear ‘I’ll put it on expenses. Let me take you out to lunch. I’ll get this. I’ll put it through the business’? It certainly appears a lot on TV and in films, and sounds great, but what is actually allowed...
by Hannah Adams | Apr 9, 2018 | Limited company, Self Assessment, Sole Trader, Start ups
Employed by yourself (self employed) means different things to different people. The starting point is what HM Revenue & Customs (HMRC) thinks of your situation. HMRC has many tests that you will need to meet to pass as someone who is truly self-employed. You are...
by Hannah Adams | Mar 16, 2018 | Self Assessment, tax returns
How to pay your Self Assessment tax bill? Paying your self assessment tax bill should be easy. You’d expect the tax man to be falling over himself to get your money. WRONG. From the 13th January 2018, the HMRC have changed the methods of payments they accept. It...
by Hannah Adams | Jan 12, 2018 | Self Assessment, Start ups, tax returns
January can only mean one thing As we are rapidly approaching the end of January, that can only mean one thing – your self assessment return (tax return) is due. If you are like the few, you’ll have already filed your tax return, and you can sit tight...
