Online payment platform PayPal has launched a cryptocurrency hub that makes it easier than ever to get your hands on some digital coins, but America’s tax laws haven’t caught up yet, so there are some pitfalls to be aware of. PayPal’s Cryptocurrency Hub Online spenders and investors have been crying out for PayPal to support […]
Accountants use their skills and expertise to help grow your business by managing your financial accounts. It’s common knowledge that a lot of what they do is recording and inspection. However, can they actually save you money? A lot of businesses are ultimately trying to save more money and cut costs, so we will find […]
Covid-19 is not only a health crisis for self-employed launches but also a pressing employment crisis. The HMRC has begun to contact over 3 million taxpayers who could be qualifying for the Self-Employment Income Support Scheme (SEISS) of the government to clarify the application process and encourage them to plan for a claim when the […]
PAYE Tax UK, Student Tax Tips UK, travel tips, UK Tax Blog, UK Tax News
A New Hobby Thanks To Your Tax Refund
It’s really common for students to be taxed under the PAYE system, which isn’t designed for those in full-time education. Working part-time or during the holidays can often result in students overpaying tax, and would therefore be entitled to a tax rebate, extremely handy if you’re thinking about taking up a new hobby with so […]
Self Employed Tax Guides, UK Tax Blog, UK Tax News
Self-Employed Individuals Encouraged to Reach New Deadlines for Tax Returns
The COVID-19 crisis is having far-reaching financial effects on individuals and companies alike in the UK and around the world. The Low Income Tax Reform Group (LITRG) says that self-employed individuals who have yet to submit their 2018/19 self-assessment tax return have until 23 April 2020, else they will risk missing out on potential government […]
Companies in the gambling industry were all dealt a financial blowback in April 2019 when fixed odds betting terminals (FOBTs) had their max stake reduced to £2 from £100. It was a sensible move by the Department for Digital, Culture, Media and Sport (DCMS) at the time but it’s since led to betting shop closures […]
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 […]
UK Tax Blog, UK Tax News, UK Tax Returns
How do I know if I have to file a UK Self Assessment tax return?
How do I know if I don’t have to file a UK Self Assessment tax return? When dealing with Paye tax refund, or self-assessment tax return, you need to be on the ball and act quickly. Delays usually mean fines and penalties. HMRC expects a tax return on time, and if you think you no […]
Student Tax Tips UK, UK Tax Blog, UK Tax News, UK Tax Returns
UK Student Tax Refunds – Are You Owed Money?
How to Claim Back UK Student Tax Refunds As a student paying tax in the UK, you may be confused about paying the right amount; do you feel you have overpaid on your tax return and want to claim back UK tax? In this article, we offer you a step-by-step guide to understanding your UK […]
Self Employed Tax Guides, UK Tax News
Falling Inside IR35 Tax Rules – UK Tax Advice For The Self-Employed
If you fall within IR35 tax guidelines, it means that HMRC sees you as an employee in the ‘off-payroll’ working laws, for tax purposes. Here’s more UK tax advice on IR35. What Does It Mean To Be ‘Inside IR35’? In 2000, the off-payroll working rules were introduced by HMRC to make sure contractors, who would […]