A guide to registering for self-assessment
How to register for and file your self-assessment tax return. […]
How to register for and file your self-assessment tax return. […]
What changes can you expect from April 2023? […]
Have you submitted yours? What are the benefits of submitting early? […]
The key personal taxes and tax changes you need to know starting from 6 April 2022. Download Article (PDF)
How to extract profit from your limited company in a tax efficient way. Download Article (PDF)
From April 2024, sole traders and unincorporated landlords with business or property income of £10,000 or more, will be required to join Making Tax Digital (MTD). This means that those affected must use MTD-compliant digital software (such as Xero) to [...]
For most UK citizens, the question of what income and gains should be included on their tax return is easily answered because they are both UK domiciled and UK tax resident. Anyone domiciled and resident in the UK will need [...]
If your unincorporated business was adversely affected by the pandemic and had annual trading profits of £50,000 or less, you would’ve been eligible to obtain the first three taxable grants via the SEISS in 2020/21. These need to be included [...]
Sole traders and partnerships could be about to see significant changes to the ways in which they are taxed. The Government plans to reform the basis period rules in a bid to simplify how unincorporated businesses allocate trading profits to [...]
If you’re self-employed, your business will rack up various running costs throughout 2021/22. Some of those you’re able to deduct as allowable expenses. By deducting these allowable expenses as part of calculating your business’s taxable profits, it’s possible for us [...]