Anyone who is self-employed and runs their own business knows that it can be hard work and bring its own challenges. In light of this, it is wise to get all the help you can to work smarter and be more productive. Business management software packages are certainly helpful and can improve efficiency. Using the […]
From 6th April onwards, millions of employees and self-employed people will pay less tax due to an increase in the threshold for the 2020-21 tax year. After the coronavirus pandemic fallout, are you going to be better off after the 2020-21 tax threshold changes? Here are some tax reforms you will need to learn about […]
Self Assessment, Self Employed Tax Guides, UK Tax Blog
Do you know if you need to file a Self-Assessment tax return?
How do I know if I need to file a Self-Assessment tax return? Failure to file income tax on time usually results in fines and penalties that would have been avoided when diligence is practiced. But a new problem arose due to a mad dash to beat tax deadline – unnecessary filing of self-assessment. Take […]
Got a Tax Refund due in 2020? Here’s 6 ways to spend it wisely and maybe even make more money. Are you expecting a tax refund in 2020? Although you deserve to spend it any way you want, you might want to do it wisely. Treat it as an investment that should provide you with […]
Self Assessment, UK Tax Blog, UK Tax Returns
What You Need To Know About Self-Assessment Tax Returns – Paper Returns Help
Do you need to submit a paper return before the 31st October deadline? If so, read these helpful tips or contact a tax agent at www.taxback.co.uk If you are self-employed, it is your responsibility to fill in a self-assessment tax return at the end of each tax year. The deadline would depend on whether or […]
When it comes to tax concerns, most ordinary individuals are none the wiser. Unless you take the time to study everything tax-related, that is. But as a self-employed electrician, you may want to focus more on your job and less on tax concerns. But because tax is unavoidable, it helps to know the basics. […]
With so much change afoot, we take a look at how the Spring Budget will affect Public Finances. In an Autumn Statement, the Chancellor has announced that after the Spring Budget 2017, there will only be a single major fiscal event each year. That is, the Budgets will be delivered only once a year in […]
UK Tax Blog, UK Tax News, UK Tax Returns
How The Spring Budget Will Affect Self Employed People In The UK
In a recent announcement of the Spring Budget, Philip Hammond has revealed an increase in the National Insurance Contributions (NIC) for self-employed, particularly in their Class 4 NIC. Not exactly good news for those people who have to cough up the increased amount. As indicated in the Budget 2017, from April 2018 NIC for self-employed […]