Independent contractors who want to make the most of their tax refunds need to make sure that they understand what they are entitled to. Many people see maximizing tax refunds as a way to “get over” on the system, but this couldn’t be further from the truth. You are essentially receiving refunds on money you […]
On a Working Holiday Visa? Find Out How to Claim Tax Back A working holiday visa lets you travel and earn at the same time, which is why thousands of people come to the UK or other countries that offer such an opportunity. Most of them, however, go back to their home country without knowing […]
Finding Job Prospects for Childcare Professionals in UK Being a childcare professional is probably one of the most rewarding jobs. Sure, it has its share of disadvantages, not to mention the stress when dealing with certain children, but it certainly has its appeal. This is especially true that anyone in this line of work can […]
While paying taxes isn’t something we want to think about, putting it off for too long can mean we end up paying fines and we could have to pay more than we should. In most cases, people lose out on receiving the tax back they are owed simply because they’re unaware of what they can […]
Are you wondering how to make sense of your payslip each month? You may see chunks of your money being zapped by NI and tax, but what is PAYE? We’ve made it easier to understand PAYE Tax and how it works with our comprehensive guide. Keep reading to find out how you can claim tax […]
How to do tax return online? Filing it online may appear onerous, but proper planning can alleviate the burden. Also, good guidance is helpful. If you need to file a tax return online, we’ll provide some pointers. But, of course, we understand it’s a bit of a pain, so we don’t blame you. Why do […]
Under the construction industry system (CIS), contractors deduct money from subcontractor payments and remit it to HMRC. The deductions are regarded as advance payments toward the subcontractor’s tax and social security contributions. Contractors must register with the system, although subcontractors are not obligated to do so. Even if they don’t register, their payments are deducted […]
You’re earning money whether you work part-time around your education or do some temporary or informal work over the holidays. These small revenues are a blessing throughout your school years since they help you fund your student expenses. However, Her Majesty’s Revenue and Customs (HMRC) needs to know about your earnings. How do tax returns […]
Your tax bills as a new entrepreneur may be overwhelming. While we’re on the issue, you might be wondering “what can I claim on my tax return”. Did you know that you can use many allowable expenses to minimise the amount of tax you pay correctly? We’ve compiled a list of crucial Self-Assessment costs that […]
There are several reasons why you might be entitled to a tax refund or tax rebate from Her Majesty’s Revenue and Customs (HMRC). If you’re employed and pay tax through PAYE, this may have been miscalculated. Also, your self-assessment tax return may have contained errors, resulting in an overpayment of tax. If this is the […]