by yasiradnan94 | Dec 13, 2021 | Accounting, FAQs, Freelancers, Small Businesses, Tax planning
Making tax digital for income tax self assessment (MTD ITSA) will replace the self assessment tax return for unincorporated businesses from April 2024 for sole traders and from April 2025 for most partnerships. The MTD ITSA regulations will require you to keep records...
by yasiradnan94 | Jul 23, 2021 | Advice, Freelancers, News
The SEISS is the main source of government funding for self-employed individuals who have been affected by the Covid-19 pandemic. Thus far, four SEISS grants have been made and the 5th grant is expected to open later this month with a claim deadline of 30th September...
by yasiradnan94 | Mar 31, 2021 | Accounting, Advice, Business, Freelancers, News
Self-employed individuals will be able to apply for the fourth SEISS grant from late April if they submitted their tax return for 2019-20 by midnight on 2 March 2021 (it was due by 31 January 2021). HMRC has asked for additional evidence from two categories of...
by yasiradnan94 | Mar 24, 2020 | Accounting, Advice, Business, Freelancers, News, Tax planning
The current tax year, 2019/20 is coming to an end on 5th April 2020. You’d be forgiven for being distracted during the current pandemic but it is important to ensure sight is not lost on important tax reliefs which can’t be carried forward. This blog...
by yasiradnan94 | Nov 17, 2018 | Accounting, Advice, Business, Contractors, FAQs, Financial planning, Freelancers, News, Small Businesses, Tax planning
Although it is always better to plan ahead, it still isn’t too late for those yet to complete their return. Some useful tax saving tips are outlined in this post. Tis the Season It’s that time of year again. The time where you are feeling excited about the...
by yasiradnan94 | Apr 26, 2018 | Business, Contractors, Financial planning, Freelancers, Landlords, Tax planning
If you’re still recovering from submitting your tax return for the previous financial year and are dreading the prospect of starting the process again for 2017/18, you are not alone. It may therefore be even further down your priority list to start planning for the...