Filing a Self Assessment tax return can feel like a major accomplishment, especially as the submission deadline approaches. But many people hit submit too quickly, […]
Freelancer Accounting 101: Smart Financial Record-Keeping Tips for Tax Season
Freelancing has gained substantial momentum in the UK workforce. With approximately 1.9 million individuals working as freelancers, they now represent nearly 46% of the solo […]
How to Choose the Best MTD Software for Income Tax Self Assessment
The UK tax system is undergoing a significant transformation, and for many self-employed individuals and landlords, the way income is reported to HMRC is about […]
How Filing Your Tax Return Early Could Lower Your Tax Bill
Many people breathe a sigh of relief after submitting their Self Assessment tax return, quickly pushing it out of their minds for another year. It’s […]
Boost Accuracy and Save Time with Self Assessment Tax Return Software
Every year, millions of people in the UK complete a Self Assessment tax return to report income, claim expenses, and meet HMRC requirements. More than […]
How Pension Tax Relief Works and How to Maximise Your Retirement Savings
Retirement might seem like a distant prospect, but the reality is that preparing for it early can make a huge difference to your financial well-being […]
How to Avoid Common Errors in Complicated SA100 Tax Return Sections
Completing your SA100 Self Assessment tax return can feel like navigating a maze, especially if you’re not an accountant, don’t work for HMRC, or haven’t […]
Second Job and Tax Bands: How Extra Income Affects Your Take-Home Pay
Many people in the UK choose to take on a second job, either to supplement their income, pursue a passion, or make ends meet during […]
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 […]
Rising NIC Bills: How Landlords and the Self-Employed Will Be Affected
In 2021, the UK government announced an increase of 1.25 percentage points in National Insurance contributions, which took effect on 6 April 2022. This adjustment […]
Avoid Penalties: How to Legally File Your Self Assessment Tax Return in the UK
Filing your Self Assessment tax return is a legal obligation for millions of UK taxpayers, particularly those who are self-employed, company directors, or have multiple […]
How to Pay Tax When You’re Self-Employed or Freelancing: A Complete Guide
Navigating taxes as a freelancer or self-employed professional can feel daunting, especially when it’s your first time managing your finances outside of traditional employment. Unlike […]
Top Time Management Apps Every Self-Employed Professional Should Know
Running your own business is both exciting and demanding. It allows you the freedom to shape your schedule and build something on your terms, but […]
Top Tax Concerns for Student Landlords and How to Handle Them
Becoming a student landlord may appear to be a lucrative path, especially with consistent demand in university towns. However, it is not a straightforward process […]
Incorrect Tax Return Submitted? What to Do and When to Act
Filing a tax return can be a complex task, especially when dealing with multiple income streams, deductions, and allowances. Even with the best intentions and […]