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 | Jan 5, 2019 | Blog, Personal tax, Self-employed
There are two upcoming final tax deadlines in January 2019, relating to the 2018 tax return: Submission of the 2018 tax return form, covering the year to 5th April 2018. Payment of the tax liability for 2017/18. Also payment of the first payment on account for...
by James McBrearty | Sep 27, 2018 | Blog, Personal tax, Self-employed, Start-up
The first tax return deadline for 2018 returns is approaching… 31st October 2018. Although this deadline is for people submitting a paper tax return, it is a good deadline for everyone to use. HMRC print the statements of account after the end of October, before...
by James McBrearty | Sep 11, 2018 | Blog, Personal tax, Self-employed, Start-up
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....
by James McBrearty | Sep 10, 2018 | Blog, Personal tax, Self-employed, Start-up
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...
by James McBrearty | Jun 24, 2018 | Blog, Personal tax, Self-employed
It will shortly be time to make payment of the second HMRC payment on account for 2017/18. There are two payments on account required for 2017/18, the tax year that ended on 5th April 2018. The first was paid by 31st January 2018, and the second is now falling due by...
by James McBrearty | Apr 15, 2018 | Blog, Personal tax, Self-employed, Start-up
Now that the 2017/18 tax year has finished, it is time to complete the 2018 tax return. Finding the form online can sometimes be a challenge – the official name for a UK tax return form is a SA100. To obtain the form and the notes, you can obtain these direct...
by James McBrearty | Apr 6, 2018 | Blog, Personal tax, Self-employed, Start-up
Although we have now started on completing 2018 tax returns(covering the year to 5th April 2018), there may be some people who have yet to complete the 2017 tax return. This should have been submitted to HMRC by 31st January 2018, so has already incurred a £100 fine...
by James McBrearty | Mar 1, 2018 | Blog, Personal tax, Self-employed, Start-up
With a little over one month to go now in the 2017/18 tax year, it is time to start planning for 2018: 1) Are you going to make any purchases in the business? If so, and you make them before 5th April then you will get tax relief straightaway in the 2018 tax return....
by James McBrearty | Feb 5, 2018 | Blog, From the office, Networking, Self-employed
I am pleased to announce that taxhelp.uk.com has again reached the finals of the Surrey Digital awards in 2018. The Surrey Digital Awards reward innovation and progressive thinking by businesses, individuals, events, charities or educational establishments. Digital...
by James McBrearty | Dec 30, 2017 | Blog, Personal tax, Self-employed, Start-up
The very final deadline to submit the 2017 tax return to HMRC is rapidly approaching – 31st January 2018. The deadline to have any tax deducted through your tax code in a later year (if possible) has already passed, so you will also now have to pay the tax...
by James McBrearty | Nov 22, 2017 | Blog, Personal tax, Self-employed, Start-up
Today saw the 2017 Budget, thankfully some of the possible changes people had worried about were not introduced. VAT Rumours had been circulating that a possible reduction in the VAT registration limit would be announced. Currently the limit is £85000 meaning that...