At present, there are two different types of National Insurance for the self-employed, Class 2 and Class 4. Class 2 is a fixed weekly amount, whereas Class 4 is charged based on profits. We had been expecting Class 2 National Insurance to be abolished for some time. It was supposed to be replaced by a […]
Deadline to register for a 2018 tax return
If you have income to report to HMRC for the tax year ending 5th April 2018, the deadline to register to complete a 2018 tax return is fast approaching. You must notify HMRC by 5th October 2018 that you will be submitting a 2017/18 tax return. Once registered, you will then have until 31st January […]
Changes to HMRC late tax return penalties
At present, the penalties for a late tax return can amount to £1,600… even if you were initially due a repayment of tax but had not submitted the return on time. However, there are plans to change the current system away from the fixed fines and instead adopt a penalty-point system instead. The new system […]
Tax accountants in Surrey celebrates 12 years in business
I founded taxhelp.uk.com back in 2006, after building up 17 years’ experience in both practice and industry. From working with business owners over a number of years I identified the need for a different type of service: – Specialising in helping the self-employed, sole trader, one person business. Having built my own business from scratch, […]
The Duke of York’s Inspiring Digital Enterprise Award(iDEA)
I am pleased to announce that I have just achieved the Bronze level under the Duke of York’s Inspiring Digital Enterprise Award(iDEA) scheme. The iDEA aims to be the digital and enterprise equivalent of the Duke of Edinburgh Award. With the learning and challenges being online, you can access these through a suitable device whenever […]
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