Monthly Archives: April, 2023

The ultimate guide to reducing your tax liability: All you need to know about allowable expenses and tax reliefs for the self-employed

Andrew - April 27, 2023 0

If you are self-employed or have a source of income outside your regular employment, you will likely need to complete a self-assessment tax return....

A guide to calculating how much tax you owe via your self-assessment tax return

Andrew - April 26, 2023 0

If you're new to the process of submitting a self-assessment tax return, it can be a complex and overwhelming task. This article will help...

Understanding cryptocurrency and UK tax: A guide to paying tax on cryptoassets

Andrew - April 11, 2023 0

If you invest funds in digital assets, cryptoassets, it's possible to generate taxable earnings as well as incur losses. Additionally, engaging in specific tasks...

Do umbrella company employees need to submit a self-assessment tax return?

Andrew - April 3, 2023 0

If you are working on a temporary assignment via a recruitment agency, you might be required to complete and submit a self-assessment tax return....

Consequences of mistakes in your self-assessment tax return submission

Andrew - April 3, 2023 0

As a taxpayer in the United Kingdom, it is your responsibility to accurately complete and submit your self-assessment tax return to HM Revenue and...

Consequences of missing the self-assessment tax return deadline and handling unaffordable tax bills

Andrew - April 3, 2023 0

Missing the self-assessment tax return deadline in the United Kingdom can lead to a series of penalties and interest charges. It is essential to...

Advantages and disadvantages of hiring an accountant to assist with your self-assessment tax return

Andrew - April 3, 2023 0

Completing a self-assessment tax return can be a complex and time-consuming process, particularly for individuals with more intricate financial circumstances. Hiring an accountant to...

Self-assessment tax return: Understanding payment deadlines and penalties

Andrew - April 3, 2023 0

The self-assessment tax return system in the United Kingdom requires taxpayers with specific financial circumstances to report their income and calculate their tax liabilities....

What information is required to submit a self-assessment tax return?

Andrew - April 3, 2023 0

Submitting a self-assessment tax return can be daunting, especially if you are doing it for the first time. However, it can be a relatively...

Key dates for paying your self-assessment tax in the United Kingdom

Andrew - April 3, 2023 0

The self-assessment tax return system in the United Kingdom requires taxpayers with specific financial circumstances to report their income and calculate their tax liabilities....