Countdown to HMRC Digital Income Tax in 2023
NOW POSTPONED to 2024: Making Tax Digital postponed until 2024 (taxhelp.uk.com) HMRC has recently announced the proposed timescale to introduce the next stage of Making Tax Digital (MTD) for Income Tax. Who does HMRC Digital Income Tax affect? Previously MTD applied to those that were VAT registered – from 2023 it will expand to include […]
When is the best time to start a small business?
You could actually find that it may be during a downturn… as many perceived obstacles are actually opportunities if you are aware of them and take advantage. Having started my own business in 2006, I have both grown my own business during the last downturn from 2008-2013 as well as help hundreds of small business […]
Equipment recommendations for working from home (WFH)
This is a sample lecture from my online course – start and grow your own consultancy small business from home. When people start out in business they can be unsure of what equipment they need – and can either waste huge amounts of money on unnecessary items, or else not be able to provide a […]
Government help for the self-employed due to coronavirus
The chancellor has just announced the Self-employed Income Support Scheme, due to the coronavirus situation. The scheme aims to pay 80% of self-employed profits, as a taxable cash grant, up to a maximum of £2,500 per month. The scheme is planned to last for a minimum of 3 months. The first payments are expected to […]
Tax help during Covid-19
During the current situation, I am available to help clients remotely: Meetings can be held through telephone or skype instead of in person. Documents can be scanned and sent to me either through email or by using an online service such as Dropbox. I am available to answer queries through email or you can use […]
Would you like to start a small business from home in 2020?
I launched my own business in 2006, helping others to do the same and to assist with their self-employed accounts and tax returns. Over the first ten years in business, I helped many hundreds of people and saw the same issues regularly occurring. That is why I launched my course in 2016, to help people […]
HMRC 31st October 2019 Tax Return Deadline
We have now passed the 5th October deadline to register for a 2018/19 tax return with HMRC. However, for those already registered with HMRC and issued with a notice to complete a tax return form, we are also rapidly approaching the 31st October 2019 tax return submission deadline. While the October deadline is intended for […]
5th October 2019 tax deadline
While people may remember the upcoming 31st October tax return deadline, and the 31st January one… often they forget about the 5th October deadline. If you have received untaxed income (such as from self-employment) in the year to 5th April 2019, then you must complete a 2018/19 tax return. In order for HMRC to issue […]
Small Business Saturday & #SmallBiz100 – 2019
Small Business Saturday will be held on 7th December 2019 in the UK. As part of the build up to the event, Small Business Saturday UK will be highlighting 100 small businesses. The #SmallBiz100 as they are known have, over the last 6 years, received exposure on Social Media as well as invitations to receptions […]
Explaining HMRC payments on account
Payments on account can often cause confusion due to both their calculation and the fact the payments straddle tax years. Basically, payments on account are just in-advance tax payments that are set against one future year’s tax liability. They are calculated based on the figures for the previous tax year, so unless the tax position […]
SA316 Notice to complete a 2019 tax return
HMRC has been issuing the notices to complete a tax return, for the 2019 year. The 2019 tax returns cover the year 6th April 2018 to 5th April 2019. Although there is a very final deadline of 31st January 2020 to submit the 2019 returns and avoid a fine, the goal should be to submit […]
31st October 2018 Tax Deadline
The first tax return deadline for 2018 returns is approaching… 31st October 2018. Although this deadline is for people submitting a paper tax return, it is a good deadline for everyone to use. HMRC print the statements of account after the end of October, before sending these out in December, so to ensure they are […]