The Tax Man Cometh
Many thanks to Tammy Furey of Furey Coaching for this week’s excellent blog post. ’tis the season to be terrified, tra la la la la la la la la. In the UK, as we rocket towards the end of the month, the self assessment tax return deadline looms like a spectre on...Do I have to register as self employed?
One of the first things which is discussed in my free initial consultations is whether or not somebody has registered as self employed with the tax authorities. There are a number of reasons why people think they don’t have to: But I’m not taking any...Top 10 tips for managing your cash flow forecast
I was reminded this week just how important it is to have good visibility of your expected cash position. A friend updated their cash flow forecast and realised that they would be going overdrawn within a couple of months, and were able to get an overdraft agreed up...Paper self assessment returns due by 31 October
If you are sending in a paper self assessment tax return for the 2014-2015 tax year, then it must reach HM Revenue & Customs by Saturday 31 October 2015. If your tax return is received late, then you will have to pay a penalty, even if you have paid your tax on...VAT Flat Rate Scheme
What is the Flat Rate scheme? Instead of paying HMRC the difference between the VAT you charge your customers (output VAT) and the VAT you pay to your suppliers (input VAT), you instead pay a fixed percentage of your VAT inclusive turnover. The Flat Rate...Follow Starfish Accounting
