As you can imagine, I get lots of paper arrive via the postman (I’ve yet to have a postwoman), and in it are loads of receipts that the client expects i can create a set of books and then accounts from them. Well – that is my job. But sometimes
When it comes time for that dreaded tax return, I get asked a lot about what information a client needs to provide. Of course if you are reading this and you are not a client of ours, this will help you understand what you need to provide your client or
What is a temporary place of work and how does it impact you from a tax perspective? Before you walk on passed this post, it affects the employed and self-employed. The ability to claim travel costs to this workplace depends on how long you have been going there, and also
Small Trader Relief A new tax allowance was introduced from April 2017 (called small trader relief) that not many people know about, so if you have a small amount of self employed income or even rental income, you may want to make use of it for 2017/2018, or evening 2018/2019
This video explains what you need to do if you have lost your P45 or P60. I was going to make a play on words about the Lost Boys in Peter Pan, but could not think of anything. As people start to prepare their tax return, the call on self
With payment on account due to HMRC by the end of this month (if you have to make one of course), then you need to know how to pay HMRC. This little video may help. The link to how to pay is here >>> https://www.gov.uk/pay-self-assessment-tax-bill
Why do I have to pay an amount of tax for next year now? Why is my bill so high? This 90 second video hopefully explains the payment on account situation and why/how it comes about. Essentials of transcript: HMRC would like every person to be employed and paying tax
The previous post was all about what your bookkeeping records are (you can view it >>> here <<< ). But what if you are struggling with it? What do you need to do? Here are a few hints & tips. Watch out for the blooper part way through. If you
Accountants always ask for clients bookkeeping records, but what exactly are these bookkeeping records we ask for. Hopefully this will put you in the picture (well , in the know as I am in the picture!). Transcript below: Whenever I take on a new client I always ask about their
We know about car mileage rules for the self employed, but did you know you can get mileage for bicycle usage? Listen up. There is mileage for a motorbike – just so you know they are not left out. Of course, neither of these are good methods of transporting a
The spreadsheet has been built for the self employed performer to be able to capture their costs in an ordered fashion which will make it easier to complete the page in the self assessment tax return.
