by James McBrearty | Mar 18, 2020 | Blog, Personal tax, Self-employed, Start-up
During the current situation, I am available to help clients remotely: Meetings can be held through telephone or skype instead of in person.Documents can be scanned and sent to me either through email or by using an online service such as Dropbox.I am available to...
by James McBrearty | Mar 3, 2020 | Blog, Self-employed, Start-up
I launched my own business in 2006, helping others to do the same and to assist with their self-employed accounts and tax returns. Over the first ten years in business, I helped many hundreds of people and saw the same issues regularly occurring. That is why I...
by James McBrearty | Dec 6, 2019 | Blog, Personal tax
As 2019 draws to a close, the upcoming holidays reduce the amount of time available to complete the 2019 tax returns and avoid fines. We have already passed the 31st October 2019 deadline to submit a paper tax return, so any returns submitted now must be done online...
by James McBrearty | Oct 24, 2019 | Blog, Personal tax
If you have income taxed at source, such as from an employment or pension then you will receive a tax code (notice of coding) from HMRC. Tax codes look at your tax position and aim to collect the right amount of tax each month, so that the liability is correct at the...
by James McBrearty | Oct 5, 2019 | Blog, Personal tax, Self-employed, Start-up
We have now passed the 5th October deadline to register for a 2018/19 tax return with HMRC. However, for those already registered with HMRC and issued with a notice to complete a tax return form, we are also rapidly approaching the 31st October 2019 tax return...
by James McBrearty | Sep 12, 2019 | Blog, Personal tax, Self-employed, Start-up
While people may remember the upcoming 31st October tax return deadline, and the 31st January one… often they forget about the 5th October deadline. If you have received untaxed income (such as from self-employment) in the year to 5th April 2019, then you must...
by James McBrearty | Jul 15, 2019 | Blog
If you have a taxable gain on a former main residence, there are 3 key changes to Main Residence tax relief planned to come into effect from 6th April 2020: The payment of any capital gains tax will be due within 30 days – I reported on this back in November...
by James McBrearty | Jun 3, 2019 | Blog, From the office, Networking, Self-employed, Start-up
Small Business Saturday will be held on 7th December 2019 in the UK. As part of the build up to the event, Small Business Saturday UK will be highlighting 100 small businesses. The #SmallBiz100 as they are known have, over the last 6 years, received exposure on Social...
by James McBrearty | May 28, 2019 | Blog, Personal tax, Self-employed, Start-up
Payments on account can often cause confusion due to both their calculation and the fact the payments straddle tax years. Basically, payments on account are just in-advance tax payments that are set against one future year’s tax liability. They are calculated...
by James McBrearty | May 6, 2019 | Blog, Personal tax, Self-employed, Start-up
HMRC has been issuing the notices to complete a tax return, for the 2019 year. The 2019 tax returns cover the year 6th April 2018 to 5th April 2019. Although there is a very final deadline of 31st January 2020 to submit the 2019 returns and avoid a fine, the goal...
by James McBrearty | Apr 6, 2019 | Blog, Personal tax
One of the most common queries I receive is how to find the tax return form online. This should be easy, but regularly causes issues for people trying to find the tax return form. The 2019 tax return form, covering the year 6th April 2018 to 5th April 2019 has just...
by James McBrearty | Feb 25, 2019 | Blog, Personal tax
For those who have not yet submitted a 2018 tax return, they would normally have already received a reminder letter from HMRC along with a £100 fine. This would have reminded them about the late tax return, as well as hopefully prevent them becoming liable to extra...