In the UK, Self Assessment is HMRC’s method of collecting Income Tax from individuals whose income is not taxed automatically at source. This includes those […]
Self Assessment
How to Report Share Dividends and Savings Interest on Your Self Assessment
Across the United Kingdom, investing in stocks and shares continues to gain popularity. An estimated 14 million UK adults now hold shares, making up more […]
How Liam Found Tax Heaven in Just 30 Minutes: A Wealth Shortcut
Liam is a seasoned web consultant who spends most of his professional time analysing and building user-friendly websites. But despite his technical background and comfort […]
COVID-19 Tax Impacts: How the Pandemic Affects Your Self Assessment
The coronavirus pandemic led to widespread disruptions across all sectors, including how individuals in the UK manage and file their Self Assessment tax returns. For […]
Letting Multiple Properties? Key Legal and Tax Rules You Need to Know
For many landlords, the journey into property letting begins with a single home. Whether it’s a property you once lived in, inherited, or purchased as […]
Freelance Musician Tax Advice: What You Need to Know About Self-Assessment
Navigating the world of taxes as a musician can feel overwhelming, particularly when transitioning into self-employment. This guide aims to demystify the process and provide […]
The Best and Worst HMRC Excuses for Missing the Self Assessment Deadline
For many self-employed individuals, the Self Assessment deadline of 31 January is as familiar as their own birthday. Yet, every year, a significant number of […]
How MTD Will Transform Self Assessment for Businesses and Sole Traders
Making Tax Digital is a major initiative launched by the UK government to streamline and modernise the country’s tax administration system. The overarching goal is […]
Do Freelance Tutors Pay Tax? Everything You Need to Know
Private tutoring has become a valuable source of supplemental income for many qualified educators across the UK. The flexibility of setting your own schedule, choosing […]
How to Pay Your Second Payment on Account and Avoid Interest Charges
If you earn income outside of the Pay As You Earn system, such as through self-employment, rental property, or dividends, you may be required to […]
Sole Trader Self Assessment: Maximise Your Tax Savings Legally
When you’re running your own business as a sole trader, understanding how to manage taxes is essential. One of the most beneficial tools at your […]
How to Submit Your Self Assessment Online in the UK: Complete Step-by-Step Guide
Filing your Self Assessment tax return is an essential annual responsibility if you earn income outside the PAYE system. Thanks to digital advancements, submitting your […]
Self Assessment Help: Finding the Right Documents to File Online
Filing your tax return can feel daunting, especially if you’re unsure where to begin. One of the biggest challenges individuals face when completing their Self […]
Self Assessment for Landlords: How to Report Rental Income in the UK
Landlords in the UK are required to submit a Self Assessment tax return if their income from property exceeds certain limits. If your rental income […]
Should You Delay Your Self Assessment? Why Filing Early Saves Time and Money
As the 31 January Self Assessment deadline approached for the 2021/22 tax year, millions of taxpayers found themselves unprepared. According to HMRC, over 2.3 million […]