Last minute tax return tips Over 750,000 people in the UK submit their Self Assessments on January 31st - and almost 33,000 submit it in the last hour! Too many self-employed people don’t realise that… January 29, 2018 General Help and tips Infographics Self-Assessment Sole Trader Expenses
Get great tax tips with 1tap Live Questions about self employment? We spent January and February traveling around the country, speaking with accountants and sole traders about self employment, taxes, auditing and more. The result is 1tap… January 23, 2018 General Help and tips Making Tax Digital Self-Assessment
How Expenses Work (% claimed back) If you are self employed, making sure you claim all the allowable expense you are entitled to is absolutely key to keeping down your tax bill. However, the majority of… January 03, 2018 General Help and tips Making Tax Digital Self-Assessment
Self assessment tax return checklist for 2016/2017 January 01, 2018 Help and tips Infographics Self-Assessment Sole Trader Expenses
How to save more than £500 in tax? If you're an artist working as a Sole Trader in the UK, there are many things you can claim back as expenses for your work. Every penny you claim as… December 27, 2017 Help and tips Self-Assessment Sole Trader Expenses
What is a capital expense and how is it different from OPEX? One confusing area around claiming expenses for you business is the difference between a capital expense and an operating expense. It is important to understand the difference between them because… November 30, 2017 General Help and tips Self-Assessment Sole Trader Expenses
What is payment on account and how does it work? Many self employed people struggle to understand how self-assessment works - especially the fact that your return covers the previous tax year and not the current. So when HMRC and… November 05, 2017 General Help and tips Self-Assessment
Top 10 Worst Excuses for Missing the Self Assessment Deadline With the Self Assessment deadline approaching, make sure you have your tax returns ready and filled in by 31 January. Otherwise, you might need to make up an excuse just… October 31, 2017 General Help and tips Self-Assessment
When should I register as a business? Many sole traders start their business as either a hobby or a sideline to their ‘day job’. For those who make the jump to becoming self-employed, there comes a critical… October 01, 2017 General Help and tips Self-Assessment
Tax questions you won’t find answers to anywhere else The 31st October (paper submissions) and 31st January (online submissions) tax return deadlines are approaching fast! Around this time, millions of British self employed people just like you will be… September 27, 2017 Help and tips Making Tax Digital Self-Assessment