Reducing 31/7 payments on account
The next HMRC payment deadline is approaching, for the second payment on account due by 31st January 2013. As payments on account are estimated based on the previous years figures, it is possible to apply to have these reduced should
Have you received a tax calculation from HMRC?
We have had several meetings recently with people who have received a computation from HMRC, without having submitted a tax return. In these cases the computation will be estimated based on the information that HMRC holds, and therefore may not
Videos to help the self-employed
I have been regularly uploading videos since 2012 to my YouTube channel, covering areas such as tax advice, general business advice as well as face to face and online networking. With the launch of the new YouTube one channel format,
Private use of business premises?
There are occasions where a property that is used for business purposes has a private use element, such as in a guest house for example. In the past calculating this private use disallowance of the total expenses may have involved
National Insurance for the self-employed
Following on from my blog post about Payments on Account, another area that is commonly misunderstood by the newly self-employed person is National Insurance. When starting a business budgeting is important, and as well as the unexpected payments on account
HMRC Self Assessment – Notice to complete a tax return
These forms are normally issued in early April to people who need to complete a tax return, but do not require the paper tax return form. I have been hearing reports from clients that there seems to have been a
Payments on Account – some points to consider
Where there is a sufficient tax liability for the year, this results in payments on account becoming due for the following year. As an employee, tax is paid every month through the payroll – whereas the self-employed person used to
My guest blog post: Being in two places at once
You can read my guest blog post on SuccessNet by clicking on the link: http://successnet.czcommunity.com/to-the-next-level/can-you-be-in-two-places-at-once/18826/
The taxhelp.uk.com May 2013 newsletter
Our May newsletter has just been sent to our clients: We have already submitted quite a few tax returns for clients in April, and had confirmations back from HMRC. At this time of year HMRC can process the returns in
Could an 03 telephone number benefit your business?
My latest video blog, could an 03 telephone number benefit your business?
HMRC focussing on rental income in 2013
My latest video blog: HMRC are focussing on rental income in 2013
A one-day refund from HMRC
I have several clients who are due refunds from HMRC, due to tax overpaid in the previous year. In the early stages of the new tax year it is a good time to prepare and submit the tax returns, so
