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...Five simple tax saving tips
Everyone wants to pay less tax. Here are some simple ideas to make sure you keep your tax bill down other than by simply investing in an ISA. 1. Use your spouse’s tax allowance Nearly everybody in the UK is entitled to an Income Tax Personal Allowance, which is...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...Small business accounting – tax for sole traders
What taxes you may have to pay as a sole trader? 1. Income tax As a sole trader, your business profits are taxed as trading income. This means you have to complete a Self Assessment tax return every year. You need to register for Self Assessment. This means that HM...Follow Starfish Accounting
